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Apiam Animal Health completes acquisition of veterinary clinic

Australia's Apiam Animal Health Ltd. completed its previously announced acquisition of Passionate Vetcare for A$750,000.

The veterinary products and services provider said Passionate Vetcare shareholders received 70% of the total consideration in cash, and the remaining 30% as 258,205 shares, priced at 81.80 Australian cents each.

Apiam Animal Health expects the Bendigo, Victoria-based clinic to help drive growth in the region.