Meta Health Revises Terms for Jas Medical Acquisition

MT Newswires
2024-11-29

Meta Health (SGX:5DX) has amended its acquisition agreement for a 55% stake in Jas Medical Screening Centre, adjusting the terms for performance-based earn-out shares and contingent introducer shares, according to a Thursday filing on the Singapore Exchange.

Under the revised terms, shares will be issued if Jas Medical achieves net profits of at least SG$175,000 in 2025 and 2026, with adjustments linked to changes in Meta's share base.

Independent reviewers will verify the calculations. The company clarified that these amendments do not alter the deal's structure.

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