Novo Integrated Sciences to acquire seven pharmacies in U.S., shares up

Novo Integrated Sciences

30/08/2021 17:54

** Healthcare-related services and products provider's
shares  NVOS.O  up as much as 3.7% at $1.94
    ** Co signs Letters of Intent to acquire seven pharmacies in
the U.S.  urn:newsml:reuters.com:*:nBw463fsQa
    ** The proposed all-stock transactions contemplate the
acquisition, by co, of a 50% interest in each pharmacy
    ** NVOS expects to enter into agreements and close the
acquisitions during the second half of 2021
    ** In total, the pharmacies collectively generated about $55
mln in annualized sales in 2020 - co
    ** Stock down ~55% YTD

 (Reporting by Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))