Medical device distributor LifeHealthcare Group (ASX:LHC) has completed the acquisition of M4 Healthcare Pty Ltd for $9 million.
The transaction will be immediately EPS accretive.
M4 is a distributor in the Point of Care Ultrasound market in Australia and New Zealand with revenue for the twelve month period to 31st March 2015 of $9 million.
The vendors may be entitled to receive an earn-out payment of up to a maximum of $0.6 million depending on the level of growth of M4 for the first 12 months of LifeHealthcare ownership.
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