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MediVet acquired by Medical Australia

Veterinary stem cell therapy specialist MediVet has been acquired by Medical Australia (MLA) in a Aus$10 million ($9.5m) deal. Listed  Medical Australia, a human medical devices group with Aus$9.2m  revenues in 2012,  is paying Aus$5m in cash upfront with a further Aus$5m in MLA shares, and has engaged the Corporate Capital Group of New York to help raise additional funds. The two businesses have worked together for some time.



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