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Cork’s Healthcare 21 snapped up by Swedish firm in €245m deal
Healthcare 21 founder Owen Curtain. Image: Healthcare 21
AddLife is acquiring the Irish business as part of its continued expansion in the European life sciences sector.
Cork-headquartered Healthcare 21, which provides distribution and services to healthcare organisations, is being acquired in a deal worth up to €245m.
Swedish company AddLife has snapped up the business for an initial purchase price of €240m, of which 74pc is being paid in cash and 26pc is being settled with newly issued class-B shares. It said an additional consideration of up to €5m may also be payable.