Equine Health Update Issue 2 Volume 19 - Page 44

ASCENDIS HEALTH ACQUIRES CIPLA AGRIMED AND CIPLA VETERINARY BUSINESSES FOR R375 MILLION Pictured successfully concluding the acquisition, Jayen Pather MD Ascendis Phyto-Vet, Dr Craig Mincher MD Cipla Vet, Dr Jan Wentzel MD Cipla Agrimed. Cape Town – Ascendis, the JSE listed, high-growth health and care brands group recently finalised the acquisition of Cipla Agrimed Proprietary Limited and Cipla Vet Proprietary Limited for R375m. This acquisition includes a potential adjustment to the price tag in relation to actual working capital, net debt and audited profits achieved for the period ended 31 March 2017. Cipla Vet (companion animals) and Cipla Agrimed (commercial animals) sell a range of high quality animal medicines. The business was established in 2004 and the sale follows the decision by Cipla Medpro to divest its Southern African veterinary operations to focus on human health care only in South Africa. Ascendis Health CEO Dr Karsten Wellner said the Cipla animal health businesses in South Africa provide an excellen ЁÍÑɅѕ¥Œ)™¥ÐÝ¥Ñ Ñ¡”͍•¹‘¥ÌA¡åѼµY•Ð)‘¥Ù¥Í¥½¸Ý¡¥ ™½Ṍ͕½¸…¹¥µ…°)…¹Á±…¹Ð¡•…±Ñ Áɽ‘ՍÑ̸+ŠqQ¡”…Åեͥѥ½¸Ý¥±°•¹…‰±”)͍•¹‘¥ÌÑ¼•áÁ…¹¥¹Ñ¼Ñ¡”)…ÑÑɅÑ¥Ù”Ù•Ñ•É¥¹…ÉäÁ¡…ɵ„)µ…É­•Ð°Ý¥Ñ ¡¥ µ…ɝ¥¸)Áɽ‘ՍÑ́¥¸ÍÑɽ¹œÉ½ÝÑ )͕µ•¹Ñ̸Q¡”¹•Ü‰ÕÍ¥¹•Í́ݥ±°)½µÁ±•µ•¹Ð½ÕȁÁɕ͕¹”¥¸Ñ¡”)Á¡…ɵ„¥¹‘ÕÍÑÉ䁅¹A¡åѼµY•ÓŠeÌ)‰¥½Í¥•¹•Ì‰ÕÍ¥¹•ÍÌ°Ý¡¥±”)…‘‘¥¹œÑ¡•É…Á•ÕÑ¥ŒÁɽ‘ՍÑ́Ѽ)½ÕȁÁ½Éљ½±¥¼Ý¡¥ ¥Ì…¸…É•„)Ý¡•É”͍•¹‘¥Ì¡…́¹½Ð¡…„)ÍÑɽ¹œÉ•Áɕ͕¹Ñ…Ñ¥½¸¥¸Ñ¡”Á…ÍгŠt)¡”Í…¥¸) ¥Á±„Y•ÐÍ•±±ÌÑ¡É½Õ ½Ù•È€Ä€ÀÀÀ)½Õѱ•Ñ́¥¹±Õ‘¥¹œÙ•ÐÁɅÑ¥•Ì°)ٕЁ͡½ÁÌ°•ÅÕ¥¹”Íѽɕ́…¹)Ý¡½±•Í…±•É̸Q¡”‰ÕÍ¥¹•Í́¡…Ì)„ÍÑɽ¹œÁɕ͕¹”¥¸…¹Ñ¥‰¥½Ñ¥Ì°)…¹•¹‘¼´…¹•Ñ½Á…Ʌͥѥ¥‘•Ì°)ݥѠ­•ä‰É…¹‘́¥¹±Õ‘¥¹œQɥݽɴ)…¹A•Ñ…´¸) ¥Á±„É¥µ•¡…́„±•…‘¥¹œ)Á½Í¥Ñ¥½¸¥¸…¹Ñ¥µ¥É½‰¥…±Ì…¹)•¹‘•Ñ½¥‘•Ì¥¸M½ÕÑ ™É¥„)Ý¡¥ …É”Í½±µ…¥¹±äÑ¡É½Õ )…É¤µ¼µ½Á•É…Ñ¥Ù•Ì°Ñ•¹‘•É́…¹)‘¥É•Ñ±äÑ¼±…ɝ”¥¹Ñ•ÉÉ…ѽÉ̸)ȁ]•±±¹•ÈÍ…¥ÕÉɕ¹Ñ±ä½¹±ä)…‰½ÕЀÄÀ”½˜ ¥Á±‡Šéٕѕɥ¹…Éä)ͅ±•Ì…É”•¹•É…Ñ•Ñ¡É½Õ )•áÁ½ÉЁ¥¹Ñ¼9…µ¥‰¥„° ½ÑÍ݅¹„°)i…µ‰¥„…¹¹½±„¸ƒŠqQ¡¥Ì)Áɽ٥‘•Ì…¸•á•±±•¹Ð½ÁÁ½ÉÑÕ¹¥Ñä)™½ÈÍ幕ɝ¥•ÌÑ¡É½Õ A¡åѼµY•ÓŠeÌ)•á¥ÍÑ¥¹œ™É¥…¸¹•Ñݽɬ¸Q¡”) ¥Á±„Áɽ‘ՍÑ́ݥ±°…±Í¼ÍÕÁÁ½ÉÐ)A¡åѼµY•ÓŠéÁ±…¹¹••áÁ…¹Í¥½¸)¥¹Ñ¼¹•Ü™É¥…¸µ…É­•Ñ́…¹Ñ¡”)™ÕÉÑ¡•È¥¹Ñ•É¹…Ñ¥½¹…±¥Í…Ñ¥½¸½˜Ñ¡”)‰ÕÍ¥¹•ÍÌ»Št+ŠqQ¡”…Åեͥѥ½¸Ý¥±°…•±•É…Ñ”)½Õȁ•¹ÑÉ䁥¹Ñ¼Ñ¡”Ù•Ñ•É¥¹…Éä)Á¡…ɵ„µ…É­•Ð…¹¥ÌÍÑɅѕ¥…±±ä)…±¥¹•Ý¥Ñ A¡åѼµY•ÓŠeÌ)É½ÝÑ Á±…¹Ì¸ ¥Á±‡Šé…¹¥µ…°)¡•…±Ñ Áɽ‘ՍЁɅ¹”¥Ì¡¥¡±ä)ɕ…É‘•¥¸Ñ¡”µ…É­•Ð…¹Ý”)…É”•á¥Ñ•…‰½ÕЁѡ”…‘‘¥Ñ¥½¸½˜)Ñ¡•Í”‰ÕÍ¥¹•Í͕́ݡ¥ Ý¥±°‰”)µ…ɝ¥¸•¹¡…¹¥¹œÑ¼Ñ¡”É½ÕÀ³Št)½¹±Õ‘•ȁ]•±±¹•È¸)ÝÝܹ…͍•¹‘¥Í¡•…±Ñ ¹½´