M&A Deal Summary

CareRx Acquires Hogan Pharmacy Partners

On March 30, 2022, CareRx acquired life science company Hogan Pharmacy Partners for 2M CAD

Acquisition Highlights
  • This is CareRx’s 2nd transaction in the Life Science sector.
  • This is CareRx’s 4th largest (disclosed) transaction.
  • This is CareRx’s 5th transaction in Canada.
  • This is CareRx’s 3rd transaction in Ontario.

M&A Deal Summary
Date 2022-03-30
Target Hogan Pharmacy Partners
Sector Life Science
Buyer(s) CareRx
Deal Type Add-on Acquisition
Deal Value 2M CAD

Target

Hogan Pharmacy Partners

Cambridge, Ontario, Canada
Hogan Pharmacy Partners is a long-term care pharmacy serving approximately 725 residents in long-term care and retirement homes in Ontario.

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Buyer(S) 1

Buyer

CareRx

Toronto, Ontario, Canada
Category Company
Founded 2001
Sector Life Science
Employees1,432
Revenue 371M CAD (2023)
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 5 of 5
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Ontario) 3 of 3
Country (Canada) 5 of 5
Year (2022) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Medical Pharmacies Group - Long-Term Care Pharmacy Division

Markham, Ontario, Canada

Medical Pharmacies Group's Long-Term Care Pharmacy Division is comprised of 18 fulfillment centers serving approximately 36,000 residents of long-term care, assisted living, and other congregate care settings across Ontario, Alberta, and British Columbia.

Buy $70M
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