As a result of the acquisition, Medicia, now renamed Medicia Holdings, is a minority-controlled business enterprise, with official certification pending.
Dale Dvorak, CEO of Medicia, said: “This is an exciting new chapter for Medicia as we team with Joshua Partners to build the finest manufacturing supply chain partner in the world for the personal care and over-the-counter industries.
“With a newly stable, patient capital base to support growth well into the future, we stand ready to exceed our customers’ supply chain needs, from R&D to direct shipping of product.”