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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