Capital Assist (Valuation) Inc. (“CAV”) together with NewPoint Capital Partners, Inc. (“NewPoint”) served as exclusive financial advisors to Leamington Medical Pharmacy Ltd. (“LMP”), a Leamington-based retail pharmacy, on its sale to Rexall/Pharma Plus Pharmacies Ltd. (“Rexall”).
CAV and NewPoint conducted a tailored marketing process to identify prospective buyers that were actively acquiring independent pharmacies in the Canadian retail pharmacy market. CAV and NewPoint engineered a competitive auction process, guided LMP through due diligence and assisted in the negotiation of the final purchase agreement.
LMP is a retail pharmacy based in Leamington, Ontario, strategically located across the street from Leamington District Memorial Hospital, Essex County’s primary hospital. LMP’s operations is uniquely situated in a high traffic facility that contains complementary services, including a blood lab, physicians offering diverse services, and various health services teams.
Rexall is a leading drugstore operator, operating over 400 pharmacies across Canada. Rexall’s 8,500 employees are dedicated to providing exceptional patient care and customer service in 180 communities across Canada. Rexall provides other services within the expanding scopes of pharmacy care, such as offering exclusive daily living products or innovating the retail pharmacy experience. Rexall is part of the Rexall Pharmacy Group Ltd. and a member of the global McKesson Corporation family.