Tabula Rasa HealthCare Inc shares traded 30% higher Monday after news that the healthcare company is to be acquired by private-equity firm Nautic Partners.
The all-cash deal is for approximately $570 million, including debt of around $262 million.
The transaction values Tabula Rasa at $10.50 per share, which represents a 34% premium on the stock’s price on August 4.
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Nautic, which describes itself as a middle-market equity firm, plans to combine Tabula Rasa with its portfolio company ExactCare Pharmacy.
The deal is expected to close in the fourth quarter of 2023.
Tabula Rasa shares were up $2.42 or 30.91% to $10.31 midday Monday.
Source: Proactive
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