CareRx Acquires Hogan Pharmacy Partners Ltd.

March 30, 2022

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.

Buyers
CareRx Corporation
Targets
Hogan Pharmacy Partners Ltd.
Location
Ontario, Canada
Transaction Type
Buyout

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