Searchlight Pharma completed the acquisition of Miravo Healthcare for $91m.

Searchlight Pharma, a Canadian-based specialty healthcare company, completed the acquisition of Miravo Healthcare, a pharmaceutical company, for $91m. “Today marks the beginning of a new chapter for Miravo as it officially combines with Searchlight and continues as a private company. Searchlight plus Miravo will be a diversified, large and strong company – based on IQVIA CDH sales data, we will rank in the top three of Canadian specialty pharma companies – and this positions us well to continue to execute our successful business model and to deliver on our leadership objective in the sector. On behalf of the Searchlight team, I express our thanks to all Miravo stakeholders for their cooperation throughout this acquisition process, and I warmly welcome our new Miravo colleagues to the Searchlight family," Mark Nawacki, Searchlight Pharma President and CEO.