M&A Deal Summary

Novan Acquires EPI Health

On March 11, 2022, Novan acquired life science company EPI Health from Evening Post Industries for 28M USD

Acquisition Highlights
  • This is Novan’s 1st transaction in the Life Science sector.
  • This is Novan’s largest (disclosed) transaction.
  • This is Novan’s 1st transaction in the United States.
  • This is Novan’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2022-03-11
Target EPI Health
Sector Life Science
Buyer(s) Novan
Sellers(s) Evening Post Industries
Deal Type Divestiture
Deal Value 28M USD
Advisor(s) Blank Rome (Legal)

Target

EPI Health

Charleston, South Carolina, United States
website
EPI Health is an established dermatology specialty company that has launched and markets innovative prescription therapies to dermatologists to improve patients’ quality of life. It is one of the fastest-growing companies in the US dermatology community. EPI Health was founded in 2017 and is based in Charleston, South Carolina.

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Buyer(S) 1

Buyer

Novan

Durham, North Carolina, United States

website

Category Company
Founded 2006
Sector Life Science
Employees90
Revenue 3M USD (2021)
DESCRIPTION

Novan is a specialty dermatology company focused on researching, developing, and marketing innovative therapeutic products for skin diseases. Novan was founded in 2006 and is based in Durham, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Evening Post Industries

Charleston, South Carolina, United States

website

Category Company
Founded 1896
Sector Publishing
DESCRIPTION

Evening Post Industries, Inc. is a newspaper publishing company. Evening Post Industries provides trusted news, information and entertainment delivered across a robust multimedia platform including 13 network-affiliated broadcast television markets, two daily newspaper markets, eight community newspaper markets and digital communication across all the markets.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 Content That Works

Chicago, Illinois, United States

Content That Works is a provider of content marketing services to the media industry.

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