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Andlauer Healthcare Group Inc T.AND

Alternate Symbol(s):  ANDHF

Andlauer Healthcare Group Inc. is a Canada-based supply chain management company. The Company offers a robust platform of customized third-party logistics (3PL) and specialized transportation solutions for the healthcare sector. Its 3PL services include customized logistics, distribution and packaging solutions for healthcare manufacturers across Canada. Its specialized transportation services in Canada, including air freight forwarding, ground transportation, dedicated delivery and last-mile services, provide a one-stop shop for clients' healthcare transportation needs. It operates in two segments: Specialized Transportation and Healthcare Logistics. Through its complementary service offerings, available across a coast-to-coast distribution network, it strives to accommodate the full range of its clients' specialized supply chain needs. The Company also provides specialized ground transportation services, primarily to the healthcare sector, across the 48 contiguous U.S. states.


TSX:AND - Post by User

Post by retiredcfon Feb 10, 2022 10:24am
147 Views
Post# 34416320

Acquisition

Acquisition

09:28 AM EST, 02/10/2022 (MT Newswires) -- Andlauer Healthcare Group Inc. (AND.TO) on Thursday said it has entered into a definitive agreement to acquire Logistics Support Unit Inc., or LSU, for about $30 million, subject to customary price adjustments.

The deal consideration will consist of $22.5 million in cash, to be financed through a combination of cash on hand and by drawing on the company's credit facilities, and $7.5 million in Andlauer's subordinate voting shares.

Andlauer expects the acquisition to be immediately accretive to cash flow and earnings per share. It expects the acquisition to close on or around March 1, subject to various closing conditions and stock-exchange approval.

The acquisition of LSU, a third-party logistics provider to the healthcare industry, will strengthen the company's service offerings and expand its presence in Quebec, said Andlauer CEO Michael Andlauer.

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