TerrAscend Corp. Acquires Peninsula Alternative Health (Derby 1, LLC) for US$22.1M

TerrAscend Acquires Hempaid, LLC (d/b/a Blue Ridge Wellness)

June 27, 2023

Retail

TerrAscend Corp. entered into a definitive agreement to acquire Hempaid, LLC (d/b/a Blue Ridge Wellness), a medical dispensary in Parkville, Maryland, for US$6.75 million (including US$3.0 million cash and a seller's note). The acquisition expands TerrAscend's Maryland retail footprint to three dispensaries ahead of the state's adult-use launch on July 1, 2023 and is expected to be immediately accretive to EBITDA and cash flow.

Headlands Research Acquires Peninsula Research Associates

June 30, 2022

Healthcare Services

Headlands Research, a KKR-backed clinical trial site network based in San Francisco, acquired Peninsula Research Associates (PRA) of Rolling Hills, California. The undisclosed transaction expands Headlands' clinical research capabilities in allergy and asthma, pediatric studies and vaccine trials while extending its Southern California footprint.

Pennant Group Acquires Ardent Hospice and Palliative Care

August 16, 2022

Healthcare Services

The Pennant Group, Inc. (through its hospice/home-health subsidiary Cornerstone Healthcare, Inc.) acquired the assets of Ardent Hospice and Palliative Care, expanding its hospice and home health footprint in California across the Central Valley, Palm Springs and San Diego. The acquired agencies had a collective hospice average daily census of approximately 90 patients prior to the transaction and will be integrated into Pennant’s existing home health and hospice operations.

Ayr Wellness Acquires Herbal Remedies Dispensaries, LLC

July 20, 2021

Retail

Ayr Wellness Inc. agreed to acquire 100% of Herbal Remedies Dispensaries, LLC, an operator of two licensed retail cannabis dispensaries in Quincy, Illinois, for total consideration of $30 million (comprised of $10 million in stock, $12 million in seller notes and $8 million in cash). The acquisition adds roughly 50 employees, expands Ayr into its eighth state (Illinois), is expected to close in Q4 2021 and is subject to customary regulatory approvals.

Dalrada Financial Corp Acquires Pacific Stem Cells, International Health Group and Stake in CHP Industrial Solutions

December 28, 2020

Healthcare Services

Dalrada Financial Corporation (through subsidiaries Dalrada Health Products and Dalrada Precision) announced letters of intent to acquire 100% of Pacific Stem Cells, LLC and International Health Group, Inc., and has purchased a stake in CHP Industrial Solutions (Malaysia). The deals expand Dalrada's healthcare services and training capabilities while adding precision CNC and custom part manufacturing capacity in Malaysia to support growth into new verticals and geographies.

Curaleaf Acquires Deseret Wellness

March 29, 2023

Retail

Curaleaf Holdings, Inc. agreed to acquire Deseret Wellness in a cash-and-stock transaction valued at approximately US$20 million. The deal adds three medical cannabis dispensaries in Park City, Provo and Payson (combined annualized revenue ~$14 million), expanding Curaleaf’s Utah retail footprint to four dispensaries and its nationwide store count to about 150.