Brief: Neighbourly Announces Agreements To Acquire Eight Pharmacies

Neighbourly Pharmacy

24/10/2022 13:35

Oct 24 (Reuters) - Neighbourly Pharmacy Inc  NBLY.TO :
    * NEIGHBOURLY ANNOUNCES AGREEMENTS TO ACQUIRE EIGHT
PHARMACIES
    * NEIGHBOURLY PHARMACY INC - TOTAL PURCHASE PRICE FOR
ACQUISITIONS
IS $15.5 MILLION
    * NEIGHBOURLY PHARMACY INC - HAS ENTERED INTO TWO SEPARATE
BINDING
AGREEMENTS TO ACQUIRE SIX COMMUNITY PHARMACIES
    * NEIGHBOURLY PHARMACY INC - ACQUISITIONS WILL BE FUNDED
FROM CASH
ON HAND AND DRAWINGS ON COMPANY'S CREDIT FACILITY
    * NEIGHBOURLY PHARMACY INC - ESTIMATES THAT EIGHT ACQUIRED
LOCATIONS WILL GENERATE TOTAL ANNUALIZED ADJUSTED EBITDA OF
APPROXIMATELY $2.7 MILLION

Source text for Eikon:  ID:nCNW0G4jQa 
Further company coverage:  NBLY.TO 
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