Acquisitions9 Sept 2025, 04:42 pm
Poly Medicure Ltd to Acquire PendraCare Group for EUR11 Million, Enhancing Global Cardiology Business
AI Summary
Poly Medicure Ltd is set to acquire PendraCare Group, a well-established cardiology consumer business based in Europe, for an upfront equity consideration of EUR11 million. The acquisition will strengthen Poly Medicure's global cardiology business, provide access to highly regulated markets, and offer synergy potentials in manufacturing, R&D, engineering, distribution, and procurement. The transaction will be completed in two stages, with the acquisition of 90% of the group initially and the remaining 10% in 2030, based on the actual EBITDA generated in 2029.
Key Highlights
- Acquisition of PendraCare Group, a cardiology consumer business based in Europe, for EUR11 million
- Strategic move to strengthen global cardiology business and provide access to highly regulated markets
- Synergy potentials in manufacturing, R&D, engineering, distribution, and procurement
- Transaction to be completed in two stages
- Acquisition of 90% of the group initially and the remaining 10% in 2030, based on the actual EBITDA generated in 2029