Acquisition of Blisterzentrum Baden-Württemberg GmbH and expansions in the area of sterile manufacturing
Berlin, November 22, 2022 – Medios AG ("Medios") today entered into a purchase agreement for the acquisition of Blisterzentrum Baden-Württemberg GmbH ("bbw") and agreed on a cooperation in the field of sterile manufacturing with Apotheken für Spezialversorgungen OHG ("AfS").
bbw is a pharmaceutical manufacturing company that produces patient-specific blister packs on behalf of pharmacies. In addition to the manufacturing license, the company holds a wholesale license and distributes finished medicinal products from the Specialty Pharma sector that are approved in Germany.
The pharmacies operated by AfS are primarily active in the specialty pharmaceuticals sector (manufacture and supply of patient-specific infusion therapies and of ophthalmological sterile preparations) in southern Germany. The agreement provides for AfS to cooperate with the Medios Group in the manufacture and supply of patient-specific preparations. The volume expected by Medios is approximately 70,000 additional patient-specific preparations per year.
bbw and the sterile manufacturing business covered by the collaboration represent expected revenue of approximately €75 million and EBITDA* of approximately €6.8 million in the 2022 financial year. The consideration to be paid by Medios amounts to slightly more than €30 million and will be provided from freely available liquidity and, if required, from available credit lines, with more than one third being performance-based and paid over a period of two years.
In addition to the usual closing conditions, the closing is also subject to approval by the German Federal Cartel Office. Closing is expected for early 2023.
* EBITDA is defined as earnings before interest, taxes, depreciation and amortization.