Mednow Inc. Acquires Mednow Pharmacy Inc. (Mednow West)
October 26, 2021
Mednow Inc. completed the acquisition of all issued and outstanding shares of Mednow Pharmacy Inc. ("Mednow West"), consolidating the British Columbia online pharmacy into its national virtual-pharmacy platform. The purchase involved an aggregate cash payment of approximately $74,000 and conversion of about $908,000 owed by Mednow West into a convertible promissory note; the move supports Mednow's geographic expansion across Canada.
- Buyers
- Mednow Inc.
- Targets
- Mednow Pharmacy Inc. (Mednow West)
- Sellers
- Amir Ali Reyhany-Bozorg, Felipe Campusano, Karim Nassar
- Industry
- Healthcare Services
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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