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Announced

Parata Systems to acquire Synergy Medical.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Acquisition

Friendly

Pending

Single Bidder

Pharmaceuticals

Majority

Private

Canada

pharmacy automation

Synopsis

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Parata Systems, a provider of pharmacy technology solutions, agreed to acquire Synergy Medical, a privately-held company that develops automation technologies to prepare and dispense solid oral medications in blister cards. Financial terms were not disclosed. "Both institutional caregivers, as well as our seniors who favor staying healthy at home, are looking for practical solutions that facilitate adherence to their therapeutic treatments. SynMed's proven technology, combined with that of Parata, facilitates large-scale deployment of adherence programs by our Pharmacy partners. The result is a variety of innovative solutions, well-suited to the needs of our aging population," Jean Boutin, Synergy Medical Founder and President.

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