Neighbourly Pharmacy completes $270 million offering of subscription receipts

Company

Neighbourly Pharmacy Inc.

Law Firm / Organization
Minden Gross LLP

Company

Persistence Capital Partners

Law Firm / Organization
Stikeman Elliott LLP

Bank

Scotiabank

Law Firm / Organization
McCarthy Tétrault LLP

Bank

RBC Capital Markets

Law Firm / Organization
McCarthy Tétrault LLP

On March 18, 2022, Neighbourly Pharmacy Inc., a fast-growing network of independent pharmacies, completed its previously announced public offering and concurrent private placement to an affiliate of Persistence Capital Partners of subscription receipts for gross proceeds of approximately $270 million, including the full exercise of the underwriters’ over-allotment option.

The offering was completed through a syndicate of underwriters led by Scotiabank and RBC Capital Markets.

Public/Private Offering
Healthcare
$ 270,000,000
Closed
18 March 2022