Login | Register
Profile | Log out
logo

  • Home
  • News
  • Opinion
  • Other
    • Market Updates
    • Explainers
    • Satire
  • About
  • Contact Us
    • Contact
    • Get Covered
    • Posting Guidelines
  • Subscribe
Submit An Article

Latest Articles

  • Nanoveu Secures $2 Million to Fast-Track Commercial Launch of ECS-DoT Chip and AIoT Platform
    Nanoveu Secures $2 Million to Fast-Track Commercial Launch of ECS-DoT Chip and AIoT Platform
    • News

  • Archer Unlocks Cryogenic Sensor Breakthrough for Quantum Computing
    Archer Unlocks Cryogenic Sensor Breakthrough for Quantum Computing
    • News

  • EGL Secures $1.9M PFAS Plant Contract as Demand for Clean-Up Technologies Surges
    EGL Secures $1.9M PFAS Plant Contract as Demand for Clean-Up Technologies Surges
    • News

  • RocketDNA Secures Major Aerial Tech Contract with Vault Minerals at WA Gold Site
    RocketDNA Secures Major Aerial Tech Contract with Vault Minerals at WA Gold Site
    • News

  • BirdDog Boosts Buy-Back Offer by 40% Ahead of ASX Delisting Vote
    BirdDog Boosts Buy-Back Offer by 40% Ahead of ASX Delisting Vote
    • News

  • AML3D Launches High-Tech U.S. Facility to Power Submarine Supply Chain
    AML3D Launches High-Tech U.S. Facility to Power Submarine Supply Chain
    • News

  • Vection Enters $520K Agritech Deal to Build AI-Powered Farming Robot
    Vection Enters $520K Agritech Deal to Build AI-Powered Farming Robot
    • News

  • Unith Achieves Strong Growth in Platform Usage and Strategic Partnerships
    Unith Achieves Strong Growth in Platform Usage and Strategic Partnerships
    • News

  • FBR and Samsung Heavy Industries Execute Engineering Service Agreement for Shipbuilding Automation Project
    FBR and Samsung Heavy Industries Execute Engineering Service Agreement for Shipbuilding Automation Project
    • News

  • Bioxyne Lifts FY2025 Revenue Forecast as Psychedelics and Pharma Push Gains Pace
    Bioxyne Lifts FY2025 Revenue Forecast as Psychedelics and Pharma Push Gains Pace
    • News

Apiam acquires Horsham Veterinary Hospital to continue regional expansion strategy

  • In News
  • October 28, 2021
  • Alfred Chan
Apiam acquires Horsham Veterinary Hospital to continue regional expansion strategy

The rapidly increasing number of pet owners in Western Victoria will soon have access to new industry leading vet services with Apiam Animal Health (ASX: AHX) acquiring Horsham Veterinary Hospital as part of their expansion strategy in regional growth corridors. 

The acquisition will see Horsham Veterinary Hospital join eight other clinics owned by Apiam in the western district.

“The acquisition of Horsham Veterinary Hospital is expanding our reach into important regional communities, where companion and mixed animal ownership continues to accelerate rapidly,” said Apiam Managing Director, Dr Chris Richards. 

“This acquisition also fits well within our existing Western Victorian clinic network, and there are many immediate operating benefits identified.” 

The Acquisition will add $2.55 million in revenue and $0.4 million in EBITDA to Apiam on a FY21 pro forma basis with total consideration of $2.0m comprising $1.6m cash, $0.2m in AHX shares escrowed for 12 months and $0.2m in shares escrowed for 24 months. 

Among the operating benefits referenced by Dr Richards will be the introduction of Apiam’s Best Mates program where pet owners can purchase an annual membership ($575) to secure unlimited consultations throughout the year. Since launching in 2019, the program has been hugely popular amongst Apiam’s network of 63 animal health businesses to now have more than 5,500 members. 

Growth in the program has followed increased pet ownership through the pandemic as Australians have turned to animal companionship to navigate lockdowns while also working from home. This was highlighted in a 2021 study conducted by Animal Medicines Australia (AMA) which reported 6.8 million Aussie households now owning a pet, 15% more than pre-pandemic. 

The same study revealed that Aussies spend $30.7 billion per annum on cats and dogs at an average of $2,074 per cat and $3,237 per dog on food, veterinary services, and pet healthcare products.

On the incoming side of the acquisition, Horsham Veterinary Hospital joins a growing list of clinics to have joined the Apiam network where Apiam has deployed more than $25m on clinic acquisitions over the past 12 months. 

Beyond the strong financial returns delivered by Apiam, which recently reported a 16.7% increase in revenue to $34.6m and 26.4% increase in gross profit to $21m for the September quarter, the Company’s people-focused support services have proven popular amongst industry professionals. 

Upon integration into the Apiam network, Horsham Veterinary Hospital will be able to provide its customers with Apiam’s tele-triage service whereby a centralised vet nurse handles out-of-hour calls. Should the matter escalate beyond the nurse’s advice, they can then contact the vet on duty within the region to tend to the matter. This has been hugely popular amongst vets that had previously struggled to maintain work-life balances when always being on call for emergencies. 

Other support services owned and operated by Apiam include pathology, vaccine manufacturing, genetics, digital farming databases, food products and pet supplies which are integrated into clinics to leverage their operating expenses. 

Apiam welcomes investors to keep up to date with Company news and industry research by subscribing here. 

  • About
  • Latest Posts
Alfred Chan
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
Latest posts by Alfred Chan (see all)
  • Harris Technology to expand refurbished tech division amid rising demand from cost-conscious Australians - April 30, 2025
  • Harris Technology secures major investment from Taiwan’s FSP Technology at 100% premium - March 10, 2025
  • ARC Funds acquires 30% of auzbiz Capital as latest direct-to-investor marketing venture - October 8, 2024
*Owners of this website are shareholders in a company mentioned in this article and have been engaged by them to assist in investor communications
  •  
  •  
  •  
  •  
  • News

Leave a Comment

You must be logged in to post a comment.

  • About
  • Latest Posts
Alfred Chan
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
Latest posts by Alfred Chan (see all)
  • Harris Technology to expand refurbished tech division amid rising demand from cost-conscious Australians - April 30, 2025
  • Harris Technology secures major investment from Taiwan’s FSP Technology at 100% premium - March 10, 2025
  • ARC Funds acquires 30% of auzbiz Capital as latest direct-to-investor marketing venture - October 8, 2024

Login or register for free to access unlimited reading

Register Now!
  • About
  • Latest Posts
Alfred Chan
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
Latest posts by Alfred Chan (see all)
  • Harris Technology to expand refurbished tech division amid rising demand from cost-conscious Australians - April 30, 2025
  • Harris Technology secures major investment from Taiwan’s FSP Technology at 100% premium - March 10, 2025
  • ARC Funds acquires 30% of auzbiz Capital as latest direct-to-investor marketing venture - October 8, 2024
  • News

  • Opinion

  • Satire

  • About

  • Contact Us

  • Subscribe

The content published on this website is solely for general information purposes and is not to be construed as financial advice. Should you seek financial advice you should consult with an appropriately qualified person. Opinions expressed on this site are subject to change without notice and The Sentiment who produced this content is under no obligation to keep the information current. The Sentiment, affiliated companies & associates may have a conflict of interest with companies discussed on the website due to commercial arrangements, for example they may be shareholders in the company, be engaged by them to assist in investor communications or receive commission/brokerage for funds raised.

Copyright © 2020 The Sentiment. All rights reserved.
Subscribe

Enter your email address below to subscribe to The Sentiment’s weekly newsletter, highlighting the top news, research, opinion and satire articles shaping ASX investor sentiment.

The Sentiment respects your privacy and will not spam you. View our privacy policy here.