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PharmaCorp Enters Letter of Intent for the Acquisition of Pharmacy Files in Western Canada
Globenewswire· 2025-12-11 18:16
Core Viewpoint - PharmaCorp RX Inc. has announced a non-binding letter of intent to acquire pharmacy files, patient records, and related operational data for $350,000, with the acquisition expected to close in the first quarter of 2026 [1][3]. Acquisition Details - The Proposed Acquisition involves the purchase of prescription files and patient records but does not include the target's corporate entity or other operating assets [2]. - The acquisition will be financed using cash on hand, and no finder's fees will be applicable [1]. Strategic Intent - The transaction is part of PharmaCorp's strategy to enhance operational efficiency and strengthen patient care in local communities [4]. - The company aims to integrate the acquired pharmacy files into its existing pharmacy to ensure continuity of care for local residents [4]. - PharmaCorp is focused on a national consolidation strategy through disciplined acquisitions that add long-term value for shareholders [4]. Company Background - PharmaCorp is a Canadian pharmacy acquisition platform that empowers pharmacists as equity partners and supports succession for retiring pharmacy owners [5]. - The company operates seven PharmaChoice Canada bannered pharmacies and plans to continue acquiring both bannered and independent pharmacies across Canada [5].