Monday, June 24, 2024

OptimizeRx to acquire Medicx Health for $95M

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This merger will see the potential growth of our business

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  • Healthcare technology solutions provider OptimizeRx (NASDAQ:OPRX) said on Thursday that it is set to acquire the healthcare consumer-focused omnichannel marketing and analytics company Medicx Health for $95M.
  • Also, certain members of Medicx’s management plan to invest ~$10.5M of their proceeds into OptimizeRx’s shares.
  • The transaction is expected to close in Q4.
  • OptimizeRx will fund the cash component of the acquisition from its existing cash and short-term investments, and from the proceeds of a new $40M credit facility provided by Blue Torch Capital.
  • Separately, OptimizeRx said its Q3 revenue is expected to be between $15.2M and $15.5M, vs. consensus of $14.26M, and non-GAAP net income to be between $0.6M and $1.0M.
  • Source: Press Release

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