Industry
Healthcare
Company Profile
Richards Group (TSX: RIC) operates across two core segments, Healthcare and Packaging, serving a global customer base with market leading medical devices, supplies, and equipment, as well as a diverse offering of glass and plastic packaging solutions. Richards is the largest Canadian distributor in aesthetic, pharmacy, and vision care devices, and is the third largest packaging distributor in Canada, and is developing a medical device global OEM footprint. The company differentiates itself through product innovation, high touch service, and deep industry expertise. Healthmark is a Canadian provider of pharmacy and medical products serving hospital, community, and long-term care pharmacies across the country. The company specializes in pharmacy automation, medication packaging, IV preparation, and dispensing solutions. PharmaSystems Inc. is a distributor of pharmacy and hospital supplies, as well as over-the-counter consumer healthcare products sold through retail and pharmacy channels. Its branded and white label product portfolio includes leading offerings across medication compliance, eye and ear care, infant care, and hot/cold therapy categories.NewPoint’s Role
NewPoint advised Richards in the valuation, negotiation, and closing of the transaction.Transaction Snapshot
Richards Group, through its subsidiary Healthmark Services Ltd., has acquired PharmaSystems Inc.’s consumer packaged goods division, a leading provider of essential over-the-counter health and wellness products to major pharmacies and retailers across Canada.Acquisitions
Acquired
