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  6. PersonalRX Acquires MedMinder

M&A Deal Summary

PersonalRX Acquires MedMinder

On April 19, 2023, PersonalRX acquired life science company MedMinder from Accelmed

Acquisition Highlights
  • This is PersonalRX’s 1st transaction in the Life Science sector.
  • This is PersonalRX’s 1st transaction in the United States.
  • This is PersonalRX’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2023-04-19
Target MedMinder
Sector Life Science
Buyer(s) PersonalRX
Sellers(s) Accelmed
Deal Type Add-on Acquisition

Target

MedMinder

Norwood, Massachusetts, United States
MedMinder is a full-service digital pharmacy that is uniquely positioned to meet the needs of elderly and chronically ill patients who require more comprehensive pharmacy service and better engagement with clinical teams. MedMinder empowers thousands of patients to live more independently in their homes while improving their adherence to prescribed medications. MedMinder was founded in 2007 and is based in Norwood, Massachusetts.

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Buyer(S) 1

Buyer

PersonalRX

East Rutherford, New Jersey, United States
Category Company
Founded 2011
Sector Life Science
DESCRIPTION

PersonalRX is a home delivery pharmacy that provides the much needed personal attention that other pharmacies simply don’t provide. The company delivers all of the pre-packaged, clearly labeled medications straight to their patient’s door and provides a dedicated pharmacy technician who calls patients at least once per month. PersonalRX was founded in 2011 and is based in East Rutherford, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

Accelmed

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Focused
DESCRIPTION

Accelmed is a global investment firm focused on providing investments in small and mid-cap private and public companies. The Firm looks to invest between $20 and $50 million in medical device companies and technologies with revenues between $20 and $70 million. Prospective transaction types include management buyouts and growth financings. Accelmed was formed in 2009 and is based in Miami, Florida.

DEAL STATS #
Overall 2 of 6
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 4
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 5
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-09 Minerva Surgical

Santa Clara, California, United States

Minerva Surgical is a medical technology company focused on developing next-generation technology for treating excessive menstrual bleeding. Minerva Surgical was formed in 2008 and is based in Santa Clara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 Valcare Medical

Herzliya, Israel

Valcare Medical is dedicated to providing innovative minimally-invasive technologies for the treatment of mitral and tricuspid regurgitation including repair and replacement devices. Valcare Medical was founded in 2012 and is based in Herzliya, Israel.

Sell -
Mergr

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