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  6. Familymeds Group Acquires DrugMax

M&A Deal Summary

Familymeds Group Acquires DrugMax

On March 22, 2004, Familymeds Group acquired distribution company DrugMax from CCP Equity Partners

Acquisition Highlights
  • This is Familymeds Group’s 1st transaction in the Distribution sector.
  • This is Familymeds Group’s 1st transaction in the United States.
  • This is Familymeds Group’s 1st transaction in Florida.

M&A Deal Summary
Date 2004-03-22
Target DrugMax
Sector Distribution
Buyer(s) Familymeds Group
Sellers(s) CCP Equity Partners
Deal Type Merger

Target

DrugMax

Clearwater, Florida, United States
DrugMax, Inc. (Nasdaq: DMAX) is a full-line, wholesale distributor of pharmaceuticals, overthe-counter products, medical supplies, nutritional supplements and other related products. Headquartered in Clearwater, Fla., DrugMax, Inc. serves the nation's independent and small regional chain pharmacies, institutions, and alternate care facilities through its distribution centers in Pennsylvania, and Louisiana.

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Buyer(S) 1

Buyer

Familymeds Group

Farmington, Connecticut, United States
Category Company
Founded 1993
Sector Healthcare Services
Employees471
DESCRIPTION

Familymeds Group, Inc. operates as a pharmacy and drug distribution provider in the United States.

DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2004 M&A 1 of 1

Seller(S) 1

SELLER

CCP Equity Partners

Hartford, Connecticut, United States

Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CCP Equity Partners LLC (Formerly Conning Capital Partners) is a private equity firm that looks to invest in growth companies operating in the healthcare and financial services sectors. CCP looks to invest $5 to $20 million in North American based companies with revenues between $5 and $100 million. Target companies should have 'exceptional' growth potential, be at or near profitability, and have clear/sustainable competitive advantages. CCP Equity Partners was established in 1985 and is based in Hartford, Connecticut.

DEAL STATS #
Overall 10 of 25
Sector: Distribution M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 9 of 22
Year: 2004 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-03 Princeton eCom

Chantilly, Virginia, United States

Princeton eCom Corp is a provider of electronic payment solutions to more than 1,400 financial institutions and 1,600 corporate billers. Its integrated suite of payment solutions bridges the CSP and BSP markets, providing electronic payment consolidation, convenience payments and bill presentment services.

Buy $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 Catlin Group

Hamilton, Bermuda

Catlin Group Ltd. is a specialty insurance and reinsurance provider . Areas of expertise include Marine, Professional Indemnity, Aviation, Energy, and Industrial. Catlin's property catastrophe reinsurance and marine businesses are viewed as 'Best in Class' at Lloyd's.

Sell -
Mergr

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