PharmaCorp Rx Inc. Completes Acquisition of a Pharmacy in Western Canada

PharmaCorp Rx Inc. Acquires Pharmacy in Atlantic Canada

October 2, 2024

Healthcare Services

PharmaCorp Rx Inc. (TSXV: PCRX) completed the acquisition of a 100% interest in a pharmacy business, including the associated land and buildings, located in Atlantic Canada for an aggregate purchase price of $15,377,013. The transaction was financed with $15,177,013 in cash and $200,000 in common shares and expands PharmaCorp’s roll-up of independent PharmaChoice Canada-affiliated pharmacies.

CareRx Acquires Hogan Pharmacy Partners Ltd.

March 30, 2022

Healthcare Services

CareRx Corporation entered into a definitive asset purchase agreement to acquire Hogan Pharmacy Partners Ltd., a technology-enabled long-term care pharmacy serving about 725 residents in Ontario. The consideration includes C$2.2 million in CareRx common shares and a C$2.2 million vendor take-back note; CareRx expects the deal to close in May 2022 and to be immediately accretive to earnings while extending its technology and service capabilities for seniors' congregate care.

Mednow Inc. Acquires Mednow Pharmacy Inc. (Mednow West)

October 26, 2021

Healthcare Services

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.

Neighbourly Pharmacy Acquires Rubicon Pharmacies for $435M

March 10, 2022

Healthcare Services

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).

ProPharma Group Acquires Pharmica Consulting

October 6, 2021

Healthcare Services

ProPharma Group, a portfolio company of Odyssey Investment Partners, has acquired Pharmica Consulting, a life‑science consulting firm offering project management services and proprietary operations software for clinical trials. The acquisition expands ProPharma’s clinical and project‑management capabilities and enables Pharmica’s cloud‑based tools to be offered more broadly across ProPharma’s global client base.

Mednow Inc. Acquires Mednow Pharmacy Inc. (Mednow East)

April 1, 2022

Healthcare Services

Mednow Inc. (TSXV:MNOW) has completed the previously announced acquisition of all issued and outstanding voting shares of Mednow Pharmacy Inc. ("Mednow East") for approximately C$65,578 in cash and by converting approximately C$1,374,422 of intercompany debt into a non‑interest bearing convertible promissory note. Mednow East will be consolidated into Mednow's operations, the existing pharmacy agreement between the entities will be terminated, and the acquisition supports Mednow’s plan to expand its national presence and digital-first pharmacy services across Canada.