Pharmacorp Rx completes acquisition of pharmacy

Executive Summary

• Pharmacorp Rx Inc. has completed the acquisition of a 100% interest in a pharmacy business located in Western Canada.
• The transaction was valued at $2.4 million, paid in cash on hand, and represents the company's fourth completed pharmacy acquisition.
• The acquisition was executed in conjunction with Pharmacorp's strategic alliance with PharmaChoice Canada Inc.

Key Details

• Transaction Type: Acquisition of 100% interest in a pharmacy business.
• Location: Western Canada.
• Purchase Price: $2.4 million.
• Consideration: Cash on hand.
• Counterparty: Arm's-length transaction.
• Strategic Context: Completed in conjunction with the strategic alliance agreement with PharmaChoice Canada Inc.
• Company Milestone: This marks Pharmacorp's fourth completed pharmacy acquisition.
• Operational Strategy: Pharmacorp intends to continue acquiring both PharmaChoice-bannered pharmacies (via the alliance) and independently owned non-PharmaChoice pharmacies, which will subsequently be operated under the PharmaChoice Canada banner.

Notable Quotes

• "We're grateful for the trust placed in us through this acquisition and proud to welcome this pharmacy into the Pharmacorp family," said Al Simpson, executive chair of Pharmacorp. "For many owners, a pharmacy represents decades of dedication to their community. At Pharmacorp, we're committed to helping pharmacists navigate their next chapter -- whether they're planning for succession, exploring exit strategies or looking to monetize the value they've built -- while ensuring their legacy of care continues for years to come."