M&A Deal Summary

CareRx Acquires CareRx Enterprises

On September 22, 2016, CareRx acquired healthcare services company CareRx Enterprises for 14M USD

Acquisition Highlights
  • This is CareRx’s 2nd transaction in the Healthcare Services sector.
  • This is CareRx’s 4th largest (disclosed) transaction.
  • This is CareRx’s 3rd transaction in Canada.
  • This is CareRx’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2016-09-22
Target CareRx Enterprises
Sector Healthcare Services
Buyer(s) CareRx
Deal Type Add-on Acquisition
Deal Value 14M USD

Target

CareRx Enterprises

Victoria, British Columbia, Canada
CareRx Enterprises Ltd. is a provider of pharmacy services to seniors communities in British Columbia. CareRx currently serves approximately 1,500 beds at 26 long-term care and assisted living communities through its three fulfilment centres located in Vancouver, Victoria and Nanaimo. CareRx has strategic relationships and experience with specialized medication packaging and electronic documentation organizations to provide customers with the latest innovations in the marketplace, providing the safest medication management systems in Canada.

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Buyer(S) 1

Buyer

CareRx

Toronto, Ontario, Canada

Category Company
Founded 2001
Sector Life Science
Employees1,423
Revenue 367M CAD (2024)
DESCRIPTION

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.


DEAL STATS #
Overall 3 of 5
Sector: Healthcare Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 4
State: British Columbia M&A 1 of 1
Country: Canada M&A 3 of 5
Year: 2016 M&A 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-13 Lifemark

Toronto, Ontario, Canada

Lifemark is a provider of physiotherapy and rehabilitation treatment to patients in over 100 clinics as well as long-term care centers, retirement homes, and communities across Canada. Lifemark was founded in 1998 and is based in Toronto, Ontario.

Sell CA$250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-27 Clearpoint Health Network

Toronto, Ontario, Canada

Clearpoint Health Network is a network of surgical centers. Clearpoint Health Network is based in Toronto, Ontario.

Sell -