M&A Deal Summary

Better Choice Acquires SRx Health

On September 3, 2024, Better Choice acquired healthcare services company SRx Health for 125M USD

Acquisition Highlights
  • This is Better Choice’s 1st transaction in the Healthcare Services sector.
  • This is Better Choice’s largest (disclosed) transaction.
  • This is Better Choice’s 1st transaction in Canada.
  • This is Better Choice’s 1st transaction in Ontario.

M&A Deal Summary
Date 2024-09-03
Target SRx Health
Sector Healthcare Services
Buyer(s) Better Choice
Deal Type Add-on Acquisition
Deal Value 125M USD
Advisor(s) ThinkEquity LLC (Financial)
Dorsey & Whitney
Borden Ladner Gervais (Legal)

Target

SRx Health

Toronto, Ontario, Canada
SRx Health is a healthcare service provider specializing in the Specialty Pharmacy segment of the pharmaceutical industry. Distinguishing itself as a National Specialty Pharmacy provider, SRx concentrates on overseeing a patient's healthcare journey, spanning from acute pharmaceutical needs to chronic and rare disease management. SRx Health was formed in 2013 and is headquartered in Toronto, Ontario.

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Buyer(S) 1

Buyer

Better Choice

Tampa, Florida, United States
Category Company
Founded 1986
Sector Consumer Services
Employees31
Revenue 39M USD (2023)
DESCRIPTION

Better Choice is an animal health and wellness company founded on the belief that good health practices and nutrition contribute to, and promote, a higher quality of life. Better Choice was incorporated in 1986 and is headquartered in Tampa, Florida.

DEAL STATS #
Overall 3 of 3
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-09 Aimia Pet Healthco

New York, New York, United States

Aimia Pet Healthco is committed to advancing the well-being of animal companions, its mission is centered around a strategic convergence of capital allocation and innovative research and development initiatives with a keen emphasis on environmental sustainability. Aimia Pet Healthco is based in New York City.

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