PharmaEasy acquired MedLife in a $1.2 billion all-stock deal approved by the Competition Commission of India. The merger combines PharmaEasy's medicines and diagnostic centers with MedLife's online doctor consulting and doorstep medicine delivery to create the largest e-pharmacy in India, in response to Reliance Retail's acquisition of Netmeds. The promoters of MedLife will receive a 19.95% stake in the merged business in a friendly horizontal takeover.
PharmaEasy acquired MedLife in a $1.2 billion all-stock deal approved by the Competition Commission of India. The merger combines PharmaEasy's medicines and diagnostic centers with MedLife's online doctor consulting and doorstep medicine delivery to create the largest e-pharmacy in India, in response to Reliance Retail's acquisition of Netmeds. The promoters of MedLife will receive a 19.95% stake in the merged business in a friendly horizontal takeover.
PharmaEasy acquired MedLife in a $1.2 billion all-stock deal approved by the Competition Commission of India. The merger combines PharmaEasy's medicines and diagnostic centers with MedLife's online doctor consulting and doorstep medicine delivery to create the largest e-pharmacy in India, in response to Reliance Retail's acquisition of Netmeds. The promoters of MedLife will receive a 19.95% stake in the merged business in a friendly horizontal takeover.
PharmaEasy acquired MedLife in a $1.2 billion all-stock deal approved by the Competition Commission of India. The merger combines PharmaEasy's medicines and diagnostic centers with MedLife's online doctor consulting and doorstep medicine delivery to create the largest e-pharmacy in India, in response to Reliance Retail's acquisition of Netmeds. The promoters of MedLife will receive a 19.95% stake in the merged business in a friendly horizontal takeover.
• Medicines & Health Care • Online Doctor Consulting
products • Doorstep delivery of • Diagnostic Centers Medicines Deal Structure • Approved by CCI • Pharma Easy Acquires 100% Medlife • Promoters of Medlife will Receive 19.95% in merged business • Valuation after merger: $1.2 billion • Motive: RRVL acquired Netmeds • Synergy: To create biggest e- pharmacy in India • Horizontal Merger • Friendly Takeover Thank You