Business
Aditxt Retains Riverside Management Group as Advisor to Support Strategic M&A Driven Acquisitions by Subsidiary Pearsanta, Inc.
Pearsanta, Inc., formed to accelerate the growth of AditxtScore™, is well positioned for market expansion through new offerings and customer acquisitions.
About this update from Aditxt, Inc.
[{"type":"text","content":"\nPearsanta, Inc., formed to accelerate the growth of AditxtScore™, is well positioned for market expansion through new offerings and customer acquisitions.\n\n RICHMOND, Va.--(BUSINESS WIRE)--\nAditxt, Inc., (NASDAQ: ADTX) (“Aditxt” or the “Company”), an innovation company developing and commercializing technologies with a focus on monitoring and modulating the immune system, today announces it has retained Riverside Management Group, LLC (“Riverside Management Group” or “RMG”), a merchant banking firm providing investment banking advisory services, to support the Company’s ongoing growth and revenue generating plans for its subsidiary Pearsanta, Inc. (“Pearsanta”) and other Aditxt programs.\n\n“We are pleased to partner with Riverside Management Group and its team of investment and financial advisory experts. We’ve mandated Riverside Management Group to focus on strategic, growth-driven M&A opportunities for Pearsanta and other current and future programs,” said Amro Albanna, co-founder, chairman, and CEO of Aditxt. “We believe Pearsanta is well-positioned to achieve meaningful financial milestones in 2023 and look forward to sharing highlights with our valued Aditxt shareholders.”\n\nPearsanta is focused on the continued commercialization of AditxtScore™, a proprietary platform that provides a personalized profile of the immune system based on the body’s ability to respond to viruses, bacteria, allergens, and more. The Company believes immune profiles are the key to unlocking the potential of precision medicine. Pearsanta is also dedicated to enhancing its operational capabilities and efficiencies through automation and new delivery systems to rapidly scale and fulfill a growing market demand for personalized and precise medicine.\n\nThrough its mission of “Health by the Numbers,” Pearsanta is pursuing growth through M&A to expand access to healthcare systems, clinics, point of care, senior care facilities, payors, and complementary product and service offerings.\n\nRMG, headquartered in Connecticut with offices located throughout the U.S. and Europe, has assisted a variety of clients in the healthcare, industrial, technology, and hospitality industries in achieving their financial and strategic goals.\n\nAbout Riverside Management Group\n\nRiverside Management Group is a merchant banking firm, founded in 1996, providing inve...