Brief: OptimizeRx Announces Agreement To Acquire Medicx Health For $95 Million

OptimizeRx

12/10/2023 12:06

Oct 12 (Reuters) - OptimizeRx Corp  OPRX.O :
    * OPTIMIZERX ANNOUNCES AGREEMENT TO ACQUIRE MEDICX HEALTH
FOR $95
MILLION TO EXPAND ITS OMNICHANNEL REACH TO CONSUMERS
    * OPTIMIZERX CORP - TRANSACTION PURCHASE PRICE IS $95
MILLION
    * OPTIMIZERX CORP - ACQUISITION IS EXPECTED TO BE
IMMEDIATELY
ACCRETIVE TO EARNINGS
    * OPTIMIZERX CORP - Q3 2023 HEADLINE NUMBERS TO COME IN
AHEAD OF
CONSENSUS WITH REVENUE FOR OPTIMIZERX STANDALONE EXPECTED TO BE
BETWEEN $15.2-$15.5 MILLION
    * OPTIMIZERX CORP - Q3 2023 HEADLINE NUMBERS TO COME IN
AHEAD OF
CONSENSUS WITH NON-GAAP NET INCOME EXPECTED TO BE $0.6-$1
MILLION
    * OPTIMIZERX CORP - CASH COMPONENT OF DEAL IS FUNDED FROM
CO'S
EXISTING CASH AND SHORT-TERM INVESTMENTS
    * OPTIMIZERX CORP - CASH COMPONENT OF DEAL IS FUNDED ALSO
FROM
PROCEEDS OF NEW $40 MILLION CREDIT FACILITY PROVIDED BY BLUE
TORCH CAPITAL

Source text for Eikon:  ID:nGNX6j0nBt 
Further company coverage:  OPRX.O 

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