Neighbourly Pharmacy Inc.
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Neighbourly Pharmacy Inc. - overview
Established
2015
Location
Toronto, ON, Canada
Primary Industry
Retail
About
Founded in 2015 and based in Toronto, Canada, Neighbourly Pharmacy Inc. , formerly Rx Drug Mart Operations, Inc. operates as a retail pharmacy company. The company was initially formed as Rx Drug Mart Operations, Inc.
, and has gone through various acquisitions of multiple pharmacy operations, transitioning to Neighbourly Pharmacy Inc. In May 2021, Neighbourly Pharmacy Inc. was listed on the Toronto Stock Exchange under the ticker symbol NBLY. In March 2022, Neighbourly Pharmacy Inc.
raised CAD 269. 96 in a private placement, selling 9. 325 million shares at CAD 28. 95 per share, on the Toronto Stock Exchange.
In October 2023, Persistence Capital Partners agreed to fully acquire Neighbourly Pharmacy Inc. in a public-to-private transaction for approximately CAD 915 million, or CAD 20. 50 per share. As of 2023, the company is led by its CEO, Skip Bourdo.
The firm operates approximately 271 pharmacy locations across Canada, including seven provinces and one territory. Neighbourly Pharmacy Inc. ’s operations are focused on the successful acquisition, integration, and operation of new stores in the company network, leveraging its scale of operations. The company provides customers with prescriptions, specialist advice, and general healthcare needs.
Upon completion of the transaction with Persistence Capital Partners, Neighbourly Pharmacy Inc. plans to get delisted from the public markets which is expected to be completed on or prior to November 2023.
Current Investors
Persistence Capital Partners, BDC Capital
Primary Industry
Retail
Sub Industries
Drug Stores/Convenience Stores
Website
www.neighbourlypharmacy.ca
Company Stage
Mature
Total Amount Raised
Subscriber access only
Neighbourly Pharmacy Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Public to Private | Completed | Neighbourly Pharmacy Inc. | - | ||||||||
| Add-on, Trade Sale | Announced | Rubicon Pharmacies Canada Inc. | - | ||||||||
| Private Placement/Follow on | Completed | Neighbourly Pharmacy Inc. | - | ||||||||
| Add-on | Announced | 20 Pharmacies in Alberta | - | ||||||||
| IPO | Completed | Neighbourly Pharmacy Inc. | - |
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Neighbourly Pharmacy Inc. - employee data
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