National Veterinary Care Ltd. has entered into binding agreements to acquire two veterinary clinics in New Zealand. The acquisitions are conditional on due diligence, board approval and lease assignments, with settlements expected to take place within May. The new clinics are in existing NVL geographic clusters in New Zealand and are expected to deliver aggregate annual revenue of approximately $3.65 million and an aggregate annual EBIT of approximately $0.76 million. Total consideration for the two acquisitions will be $3.94 million, with total upfront payments of $3.25 million and deferred components (subject to earn-out conditions) of $0.72 million.