SHL Telemedicine Ltd. (SWX:SHLTN) signed an agreement to acquire 70% of the Mediton Group companies for ILS 84 million ($26 million) on August 25, 2021. The transaction is on a cash-free debt-free basis adjusted by net working capital. The transaction will be financed from cash on hand and long-term bank financing. The Mediton Group will continue to operate under its current leadership. The transaction has a put and call option that will allow the transfer to SHL of the remaining 30% interest in approximately four to five years from closing. The transaction is subject to satisfaction of customary closing conditions and is expected to close within 30 days. The acquisition is accretive to SHL. SHL Telemedicine Ltd completed the acquisition of a 70% stake in Mediton Medical Centers Ltd on September 1, 2021.