Neighbourly Pharmacy Acquires Rubicon Pharmacies for $435M
March 10, 2022
Neighbourly Pharmacy Inc. agreed to acquire Rubicon Pharmacies for CAD $435 million, adding 100 retail pharmacy locations and more than 1,500 employees. The deal, which materially increases Neighbourly's pro‑forma revenues and EBITDA, will be partially financed via a CAD $130 million public subscription receipt offering and a CAD $120 million private placement by Persistence Capital Partners (Neighbourly's largest shareholder).
- Buyers
- Neighbourly Pharmacy Inc., Persistence Capital Partners (affiliate)
- Targets
- Rubicon Pharmacies
- Industry
- Healthcare Services
- Location
- Saskatchewan, Canada
- Transaction Type
- Buyout
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