Capitol Health Limited agreed to acquire I-rad Pty Ltd for AUD 3 million on December 18, 2017. Capitol Health Limited also agreed to pay upto an additional AUD 0.5 million payable under earnout over 2 years (based on revenue growth). The consideration includes assumption of employee entitlements plus the assumption of some equipment finance. This transaction represents an EBITDA multiple range of 3.75x to 4.3x on FY17 results. The transaction subject to formal documentation and customary conditions and expected to be completed during January 2018. Capitol Health Limited completed the acquisition of I-rad Pty Ltd on January 23, 2018.