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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