Persistence Capital Partners completed the acquisition of the remaining stake in Neighbourly Pharmacy for CAD420m.

Persistence Capital Partners, a private equity firm, completed the acquisition of the remaining stake in Neighbourly Pharmacy, a community pharmacies network, for CAD420m. "PCP believes that taking Neighbourly private is the best way to unlock its full potential and create long-term value for all stakeholders. As a private company, Neighbourly will have more flexibility and resources to pursue its strategic vision to advance the role that independent pharmacies can play in Canada. We are confident that this proposed transaction will benefit Neighbourly's customers, patients, employees, and partners, as well as provide a fair and attractive return to its public shareholders," Stuart M. Elman, Persistence Capital Partners Managing Partner.