M&A Deal Summary

Avricore Health Acquires HealthTab

On December 5, 2016, Avricore Health acquired life science company HealthTab

Acquisition Highlights
  • This is Avricore Health’s 2nd transaction in the Life Science sector.
  • This is Avricore Health’s 2nd transaction in Canada.
  • This is Avricore Health’s 2nd transaction in British Columbia.

M&A Deal Summary
Date 2016-12-05
Target HealthTab
Sector Life Science
Buyer(s) Avricore Health
Deal Type Add-on Acquisition

Target

HealthTab

Vancouver, British Columbia, Canada
HealthTab, Inc. is a proven point-of-care solution provider to Canadian pharmacies. The HealthTab system requires just a few drops of blood from a finger prick and generates rapid, labaccurate results for up to 21 biomarkers, including lipids, glucose, liver function, kidney function and electrolytes. Patient results can be printed in-store and accessed securely through an online dashboard. HealthTab has been implemented in pharmacy banner and franchise locations throughout BC since 2014, including Pharmasave, Pure Integrative Pharmacy and The Medicine Shoppe.

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Buyer(S) 1

Buyer

Avricore Health

Vancouver, British Columbia, Canada
Category Company
Founded 1996
Sector Life Science
DESCRIPTION

Avricore Health is Western Canada’s first generic prescription and over-the-counter (OTC) product company. Vancpharm's primary mandate is to provide Canadians with affordable Generic Pharmaceuticals and OTC Health care products and consequently become one of the Canada’s leading suppliers of Generic Pharmaceuticals and OTC Health care products. Avricore Health was incorporated in 1996 and is headquartered in Vancouver, Canada.

DEAL STATS #
Overall 2 of 3
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (British Columbia) 2 of 2
Country (Canada) 2 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-04 Canagen Pharmaceuticals - FerroHem

British Columbia, Canada

Canagen Pharmaceuticals - FerroHem is a form of heme containing reduced (ferrous) iron.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-11 Corozon Platform

Toronto, Ontario, Canada

Corozon Platform is an online portal designed to provide front line community pharmacists with the knowledge and tools to implement practice change and enhance their professional service programs.

Buy -
Mergr

Product

Company

Legal