SRx Health Solutions Acquired by Better Choice Company
Deal News | Feb 28, 2025 | Globenewswire
Better Choice Company, a leader in pet health and wellness, is proceeding with the acquisition of SRx Health Solutions following a final order under the Business Corporations Act granted by the Ontario Superior Court of Justice. The acquisition is part of Better Choice's strategic expansion, as it aims to leverage SRx's strengths in the Specialty Pharmacy sector to enhance its offerings. Better Choice has scheduled a special meeting for March 21, 2025, to seek shareholders' approval for the acquisition. The company is known for its alternative, nutrition-based approach to pet products and plans to expand its digital footprint. SRx, on the other hand, is a Canadian healthcare service provider specializing in managing acute to chronic health needs through its comprehensive services. SRx aims to increase its specialty pharmacy locations and expand internationally. The forward-looking press release indicates potential synergies between the two companies as they pursue joint growth opportunities in their respective fields.
Sectors
- Health and Wellness
- Pharmaceuticals
- Pet Care
Geography
- United States – Better Choice Company is a U.S.-based company involved in the acquisition.
- Canada – SRx Health Solutions is a Canadian company being acquired.
Industry
- Health and Wellness – Relevant due to Better Choice's focus on pet health and SRx's engagement in healthcare services.
- Pharmaceuticals – SRx Health Solutions operates primarily in the Specialty Pharmacy segment.
- Pet Care – Better Choice Company specializes in health and wellness products for pets.
Financials
- – There is no specific financial information, such as deal price or enterprise value, provided in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Better Choice Company, Inc. | Bidding Company | Company | A pet health and wellness company acquiring SRx Health Solutions. |
| SRx Health Solutions, Inc. | Target Company | Company | A Canadian healthcare service provider specializing in Specialty Pharmacy. |
| Ontario Superior Court of Justice | Government | Government | Provided the final order to proceed with the acquisition under the Business Corporations Act. |