PharmaCorp Rx Inc. (TSXV: PCRX) has announced an agreement to acquire a 90% interest in a pharmacy located in Western Canada. The transaction, valued at $2.2 million, is expected to close by August 30, 2024. The Vendors will retain a 10% stake and continue their roles within the pharmacy. The acquisition is part of PharmaCorp’s broader strategy to expand its presence in the pharmacy sector. This will be PharmaCorp’s second acquisition following its qualifying transaction on June 6, 2024. The company continues to acquire independently owned PharmaChoice and non-PharmaChoice branded pharmacies across Canada.
Pharmaceuticals, Retail Pharmacy, Private Equity,Canada, Western Canada
https://www.globenewswire.com/news-release/2024/08/22/2934486/0/en/PharmaCorp-Announces-Agreement-to-Acquire-a-Pharmacy-in-Western-Canada.html