Integral Diagnostics Limited (ASX:IDX) ) agreed to acquire Exact Radiology Pty Ltd for NZD 33.3 million on May 18, 2022. An upfront purchase consideration of NZD 30.3 million in cash, on a cash and debt free basis and An earn-out of up to NZD 3 million over two years, subject to earnings outperformance. The acquisition is expected to be completed in early FY23, subject to satisfaction of customary conditions and will be funded by existing debt facilities. Raji Azzam, Jason Jordan and Simone Gould of Herbert Smith Freehills and Bell Gully served as legal advisors to Integral Diagnostics.

Integral Diagnostics Limited (ASX:IDX) completed the acquisition of Horizon Radiology Limited on July 1, 2022.As on February 17, 2023 the deal terms were revised for upfront consideration of NZD 32.0 million on a cash and debt free basis, comprising of NZD 30.0 million in cash and NZD 2.0 million in new ordinary IDX shares; and Earn-out payments of NZD 3.0 million.