Altaris Capital Partners Acquires Perrigo's Prescription Pharmaceuticals Business (Padagis)

March 1, 2021

Altaris Capital Partners has acquired Perrigo's prescription pharmaceuticals business for $1.55 billion and completed the carve-out, renaming the business Padagis. The business, a leader in generic prescription pharmaceuticals with more than 1,300 employees across six U.S. and Israeli locations and a portfolio of 200+ product families (800 SKUs), will be headquartered in the United States as a standalone company.

Buyers
Altaris Capital Partners, LLC
Targets
Padagis LLC (formerly Perrigo's prescription pharmaceuticals business)
Sellers
Perrigo Company plc
Industry
Pharmaceuticals
Location
United States
Transaction Type
Divestiture

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