Rexall has agreed to sell selected assets and operations of its LTC Pharmacy Business to
"We are pleased to be working with Rexall on the acquisition of a portion of their LTC Pharmacy Business," said
The closing consideration is comprised of
About
About Rexall
Rexall operates the LTC Pharmacy Business through Rexall Health Solutions, a division of Rexall which provides highly specialized clinical care and complex medication management services in transitional care settings. The business specializes in chronic conditions; complex medication therapies; specialized delivery and administration; and intricate therapies; drugs and drug/device combination therapies that require clinical and administrative oversight.
Rexall is among the most trusted names in pharmacy, with a heritage that dates back to the turn of the century. Since 1904, Rexall has been focused on helping to improve the health of Canadians with personalized and professional pharmacy care.
Forward-Looking Statements
This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation. These forward-looking statements include, among others, statements regarding the Company's business strategy, plans and other expectations, beliefs, goals, objectives, information and statements about possible future events, including in respect of the Transaction. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate" or similar expressions suggesting future outcomes or events. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management.
Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by such statements. Factors that could cause such differences include the Company's exposure to and reliance on government regulation and funding, the Company's liquidity and capital requirements, exposure to epidemic or pandemic outbreak, the highly competitive nature of the Company's industry, reliance on contracts with key customers and other risk factors described from time to time in the reports and disclosure documents filed by the Company with Canadian securities regulatory agencies and commissions. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. As a result of the foregoing and other factors, no assurance can be given as to any such future results, levels of activity or achievements and neither the Company nor any other person assumes responsibility for the accuracy and completeness of these forward-looking statements. The factors underlying current expectations are dynamic and subject to change.
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