EQS-News: Medios AG / Key word(s): Mergers & Acquisitions/Alliance
Medios AG: Successful completion of the acquisition of bbw – Significant expansion of compounding volume
Berlin, January 10, 2023 – Medios AG ("Medios"), the leading provider of Specialty Pharma Solutions in Germany, has successfully completed the acquisition of the pharmaceutical manufacturing company Blisterzentrum Baden-Württemberg GmbH ("bbw"). All conditions required for the closing of the transaction have been fulfilled. bbw will be included in the scope of consolidation of Medios AG as a wholly-owned subsidiary as of January 1, 2023 and will thus be fully consolidated for the entire financial year 2023. The German Federal Cartel Office had given Medios clearance for the intended acquisition on December 1, 2022. The cooperation with Apotheken für Spezialversorgungen OHG in the area of sterile manufacturing, which was agreed at the same time as the acquisition, also started on January 1, 2023.
Matthias Gaertner, CEO of Medios AG: "We are pleased with the quick and successful closing of the transaction, which significantly strengthens our role as a partner to specialized pharmacies in Southern Germany and increases revenue and profitability. We are expanding our network of specialized pharmacies and leveraging our production capacities to realize economies of scale. At the same time, we will be even better able to meet our claim of providing nationwide care for patients with complex diseases.”
bbw is a pharmaceutical manufacturing company that produces patient-specific blisters on behalf of pharmacies. In addition to the compounding license, the company holds a wholesale license and distributes finished medicinal products in the Specialty Pharma segment that have been approved in Germany.
On November 22, 2022, Medios AG had entered into a purchase agreement for the acquisition of bbw and agreed on a cooperation in the field of sterile manufacturing with Apotheken für Spezialversorgungen OHG.
About Medios AG
Medios AG is the leading provider of Specialty Pharma Solutions in Germany. As a competence partner and expert, Medios covers all relevant aspects of the supply chain in this field: from pharmaceutical supply to the manufacture of patient-specific therapies including blistering. The focus is on optimal patient care via specialized pharmacies.
Medios AG is Germany's first listed Specialty Pharma company. The shares (ISIN: DE000A1MMCC8) are listed on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard).
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10.01.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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