Origin Merchant Partners is pleased to announce that Centric Health Corp. (“Centric”) has successfully completed the acquisition of Remedy Holdings Inc. and Remedy’sRx Specialty Pharmacy Business (“Remedy”). Origin Merchant Partners acted as the financial advisor to Centric on this transaction.
Centric Health (TSX:CHH) is one of Canada’s leading and most trusted providers of comprehensive Specialty Pharmacy services and solutions to seniors. Centric Health operates a large national network of pharmacy fulfilment centres that deliver high-volume solutions for the cost-effective supply of chronic medication and other specialty clinical pharmacy services. Following the acquisition Centric will serve more than 50,000 residents in over 800 seniors’ communities (long-term care, retirement homes, and assisted living facilities) nationally. With services that address the growing demand within the Canadian healthcare system, Centric Health’s unparalleled national care delivery platform provides significant potential for future expansion and growth.
Remedy Holdings Inc. provides medication management services to approximately 19,300 residents in over 400 long term care, assisted living, independent living, retirement, and group homes. Remedy’sRx Specialty Pharmacy operates 13 pharmacies across Ontario, Alberta and British Columbia.