Founded only ten years prior to the transaction, Remedy's Rx was the fastest growing pharmacy banner business in Canada.
NewPoint was retained by the shareholders of Remedy to explore a potential divestiture. NewPoint assisted the client with all aspects relevant the transaction including the approach to the strategic buyer, the negotiation of the key transaction terms including the purchase price, due diligence and all agreements related to closing.
The sale to McKesson as a strategic buyer was complex. Both parties benefited from their long standing relationship.
Successful sale of the Remedy’sRx banner to a multi-national strategic buyer.