Origin Merchant Partners is pleased to announce that CareRx Corporation (“CareRx”) has entered into a definitive agreement to acquire the Long-Term Care Pharmacy Division of Medical Pharmacies Group Limited (“MPGL”). Origin Merchant Partners acted as the financial advisor to CareRx on this transaction.
CareRx (TSX:CRRX) is one of Canada’s leading and most trusted providers of comprehensive Specialty Pharmacy services and solutions to seniors, operating a large national network of pharmacy fulfilment centres that deliver high-volume solutions for the cost-effective supply of chronic medication and other specialty clinical pharmacy services. With services that address the growing demand within the Canadian healthcare system, CareRx’s unparalleled national care delivery platform provides significant potential for future expansion and growth.
MPGL is one of Canada’s leading continuing care pharmacies, providing services and support to complex continuing care residents and clients across Ontario, Alberta and British Columbia. MPGL also provides specialty pharmacy services and support to physician and specialist clinics, hospitals and other care institutions.