Brief: CareRx Announces Agreement To Acquire Long-Term Care Pharmacy Division Of Medical Pharmacies And Committed Subscription Receipt Financing Of $55 Million

CareRx

19/04/2021 12:35

April 19 (Reuters) - CareRx Corp  CRRX.TO :
    * CARERX ANNOUNCES AGREEMENT TO ACQUIRE LONG-TERM CARE
PHARMACY
DIVISION OF MEDICAL PHARMACIES AND COMMITTED SUBSCRIPTION
RECEIPT FINANCING OF $55 MILLION
    * CARERX CORP - CONSIDERATION FOR ACQUISITION IS COMPRISED
OF $70
MILLION OF CASH AND ISSUANCE OF 1 MILLION COMMON SHARES OF
CARERX
    * CARERX CORP - ACQUISITION IS EXPECTED TO BE IMMEDIATELY
ACCRETIVE TO CARERX'S EARNINGS
    * CARERX CORP - ACQUISITION ADDS 36,000 RESIDENTS SERVICED

Source text for Eikon:  ID:nGNX2V8Bn9 
Further company coverage:  CRRX.TO 

 ((Reuters.Briefs@thomsonreuters.com;))