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Medicure to Participate in Renmark s Virtual Non-Deal Roadshow Series on Tuesday, March 30, 2021
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Medicure to Participate in Renmark s Virtual Non-Deal Roadshow Series on Tuesday, March 30, 2021
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Medicure to Participate in Renmark s Virtual Non-Deal Roadshow Series on Tuesday, February 23, 2021
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Medicure Enters the US Online Pharmacy World with Acquisition of Marley Drug
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Medicure or the
Company ) (TSXV: MPH) (OTC: MCUJF), a cardiovascular pharmaceutical company, today announced that, through its wholly-owned U.S. subsidiary, Medicure Pharma Inc., it entered into a definitive agreement on December 15, 2020, to acquire 100% of Marley Drug, Inc (
Marley ), a leading specialty pharmacy serving more than 30,000 customers across the United States, from an arms-length third-party, for an upfront payment on closing of USD $6.3 million, subject to certain holdbacks, as well as additional payments based on future performance of Marley. Marley generated unaudited revenue and EBITDA of approximately USD $7.0 million and over USD $1.7 million for the 12-month period ended October 31, 2020, respectively.