National Veterinary Care Ltd. announced that it has entered into binding agreements to acquire veterinary clinics in two locations, one in Australia and one in New Zealand. The acquisitions are conditional on due diligence, board approval and lease assignments, with settlements expected to take place by November 30, 2019. The new clinics are in existing NVL geographic clusters. The New Zealand clinic is a strategic acquisition for consolidation with a smaller Pet Doctors clinic to achieve a larger, more sustainable clinic. The acquisitions are expected to deliver aggregate annual revenue of approximately AUD 2.45 million and an aggregate annual EBIT of approximately $0.47 million. Total consideration for the acquisitions will be $1.94 million, with total upfront payments of $1.34 million and deferred components (partially subject to earnout conditions) of $0.6 million.