Medicure Inc. Acquires Marley Drug, Inc.
December 15, 2020
Medicure Inc., through its wholly-owned U.S. subsidiary Medicure Pharma Inc., agreed to acquire 100% of Marley Drug, Inc., a specialty mail-order pharmacy based in North Carolina, for an upfront USD $6.3 million plus contingent payments. Marley serves over 30,000 customers nationwide, generated approximately $7.0 million of revenue and more than $1.7 million of EBITDA for the 12 months ended October 31, 2020, and the acquisition expands Medicure's direct-to-patient distribution and specialty pharmacy capabilities in the United States.
- Buyers
- Medicure Inc., Medicure Pharma Inc.
- Targets
- Marley Drug, Inc.
- Sellers
- arms-length third-party
- Industry
- Healthcare Services
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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