CareRx - M&A Summary and Business Overview

Life ScienceCompany

CareRx M&A Summary

CareRx has acquired 5 companies, including 2 in the last 5 years. It has also divested 3 assets.

CareRx’s largest acquisition to date was in 2011, when it acquired Lifemark Health for $215M. It’s largest disclosed sale occurred in 2016, when it sold Lifemark Health to Audax Private Equity for $190M. The Company’s most targeted sectors include healthcare services (40%) and life science (40%).

CareRx Business Overview

Where is CareRx headquartered?

CareRx is headquartered in Toronto, Ontario.

What is CareRx’s revenue?

CareRx disclosed revenue of 371M CAD for 2023 and 382M CAD for 2022.

How many employees does CareRx have?

CareRx has 1,432 employees.

What sector is CareRx in?

CareRx is a life science company.

When was CareRx founded?

CareRx was founded in 2001.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity5
    • M&A Sell Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 4

CareRx

CareRx Corp.

320 Bay Street, Suite 1200,
Toronto, Ontario M5H 4A6
Canada,
(416) 927-8400
www.carerx.ca

CareRx is a provider of pharmacy and other healthcare services to Canadian seniors. Centric Health is one of Canada’s major and most trusted providers of comprehensive Specialty Pharmacy services and solutions to seniors. Centric Health operates a large national network of pharmacy fulfillment centers that deliver high-volume solutions for the cost-effective supply of chronic medication and other specialty clinical pharmacy services, serving more than 31,000 residents in over 460 seniors communities (long-term care, retirement homes, and assisted living facilities) nationally. CareRx was founded in 2001 and is based in Toronto, Ontario.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 3 - 1 1 - - 5
vol $263M $70M $2M $335M
Sell (0.0/yr) # 3 - - - - - 3
vol $240M $240M
  8

Most Recent M&A

Company Date Value Type
Hogan Pharmacy Partners Ltd. 2022-03-30 2M CAD Add-on Acquisition
Cambridge, Ontario · www.hoganpharmacypartners.com
Medical Pharmacies Group Ltd. - Long-Term Care Pharmacy Division 2021-04-19 70M USD Divestiture
Markham, Ontario
Clearpoint Health Network, Inc. 2019-11-27 - Divestiture
Toronto, Ontario
CareRx Enterprises Ltd. 2016-09-22 14M USD Add-on Acquisition
Victoria, British Columbia · www.carerx.ca
Lifemark Health Corp. 2016-01-13 190M CAD Divestiture
Toronto, Ontario · www.lifemark.ca
Pharmacare Fulfillment Center Ltd. (dba Care Plus Group) 2015-03-02 34M USD Add-on Acquisition
Edmonton, Alberta
Motion LP 2014-09-12 50M USD Divestiture
Toronto, Ontario · www.motioncares.ca
Lifemark Health Corp. 2011-05-07 215M USD Add-on Acquisition
Toronto, Ontario · www.lifemark.ca
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 2 (40%) 229M (68%) 1 (33%) 190M (79%)
Life Science 2 (40%) 72M (21%) - -
Medical Products - - 2 (67%) 50M (21%)
Business Services 1 (20%) 34M (10%) - -
Total 5 $335M 3 $240M

By Geo

State/Country Buy Value Sell Value
Canada 5 335M 3 240M
  Ontario 3 287M 3 240M
  British Columbia 1 14M - -
  Alberta 1 34M - -
Total 5 $335M 3 $240M

Top M&A Advisors

Financial Deals
Origin Merchant Partners
1
Canaccord Genuity Corp.
1
National Bank Financial
1
Legal Deals
Stikeman Elliott
2

Deal Values

buy # Total
$100M to $1B 1 $215M
< $100M 4 $120M
TOTAL $335M
Largest Lifemark Health Corp.
$215M (2011-05-07)
sell # Total
$100M to $1B 1 $190M
< $100M 1 $50M
TOTAL $240M
Largest Lifemark Health Corp.
$190M (2016-01-13)

M&A Connections

Deals
Acquired from
Strategic(s)
20%
1 (20%)
Divested to
Investor(s)
100%
3 (100%)

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