Advertise With UsAdvertise on our extensive network of industry websites and newsletters.
Get the PBR newsletterSign up to our free email to get all the latest PBR
news.Atrium Innovations has reported that it has acquired Multicare for a total of $24.8 million.
Subscribe to our email newsletter
Of the total, $23.4 million will be paid in cash and the remainder will be paid by the issuance of 81,128 newly issued Atrium common shares to Multicare’s president and CEO. Moreover, Multicare has a bank debt of $6.4 million.
Pierre Fitzgibbon, president and CEO of Atrium, said: “We are very happy with this acquisition, which is perfectly in line with our strategic development objectives, in addition to respecting our financial criteria.”