ADDvise Group AB Acquires Medisuite, LLC

July 30, 2021

ADDvise Group AB has entered into a share purchase agreement to acquire all outstanding shares of Medisuite, LLC, an online pharmacy based in Cary, North Carolina that specializes in men's health medications. The purchase price is approximately USD 10.3 million (combination of cash, a promissory note and potential earn-outs); closing is expected in August 2021 and the acquisition is financed with ADDvise's own funds.

Buyers
ADDvise Group AB
Targets
Medisuite, LLC
Sellers
Owner of Medisuite LLC
Industry
Pharmaceuticals
Location
North Carolina, United States
Transaction Type
Buyout

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