.
MergerLinks Header Logo

New Deal


Announced

Completed

Neighbourly Pharmacy completed the acquisition of Rubicon Pharmacies from TorQuest Partners for $435m.

Financials

Edit Data
Transaction Value£354m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Majority

Acquisition

Canada

pharmacies

Private

Specialty Retailers

Domestic

Completed

Friendly

Single Bidder

Private Equity

Synopsis

Edit

Neighbourly Pharmacy, a Canada's largest and fastest-growing network of community pharmacies, completed the acquisition of Rubicon Pharmacies, a growing group of pharmacies, from TorQuest Partners, a private equity firm, for $435m. "This acquisition represents a combination of Canada's community pharmacy leaders. Rubicon's locations are ideally positioned to expand Neighbourly's presence from Manitoba to British Columbia, providing us with a significant and complementary footprint. The pharmacies within this primarily rural portfolio are similar to our own, acting as the centre of healthcare delivery for smaller, underserved communities. However, our greatest similarity is our shared values: both companies place an unmatched priority upon patient-focused care," Chris Gardner, Neighbourly CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US