Business
KDA Group Announces the Signing of Agreements for the Sale of its Pharmacist and Pharmacy Technical Assistant Placement Agency Activities
(TheNewswire) Thetford Mines, Q C - TheNewswire - March 27, 2023 - ...
About this update from Kda Group Inc.
[{"type":"text","content":"KDA Group Announces the Signing of Agreements for the Sale of its Pharmacist and Pharmacy Technical Assistant Placement Agency Activities\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Thetford Mines, Q\n \n \n C\n \n \n -\n \n \n TheNewswire -\n \n \n March 27, 2023\n \n \n \n \n -\n \n \n KDA Group Inc.\n \n \n (TSXV:KDA)\n \n \n (“\n \n \n KDA\n \n \n ” or the\n“\n \n \n Corporation\n \n \n ”) is pleased to announce that the Corporation has entered\ninto an asset purchase agreement (the “\n \n \n Asset Purchase Agreement\n \n \n ”) with 9483-0296 Québec Inc. (“\n \n \n 9483\n \n \n ”) and a share\npurchase agreement (the “\n \n \n Share Purchase Agreement\n \n \n ”) with Halsa Health\nGroup Inc.  (“\n \n \n Halsa\n \n \n ”) pursuant to which 9483 and Halsa,\naffiliated companies (collectively the “\n \n \n Buyer\n \n \n ”), have\nagreed to acquire, subject to the fulfilment of certain conditions,\nKDA’s pharmacist and pharmacy technical assistant placement agency\nbusiness for a total consideration of ten million two hundred thousand\ndollars ($10,200,000) (the “\n \n \n Sale Price\n \n \n ”).\n \n \n \n \n Under the terms of the Asset Purchase Agreement, 9483\nhas agreed to acquire all of the assets held by AlliancePharma\nOpérations Inc., a wholly owned subsidiary of KDA, necessary to\noperate the pharmacy placement agency business (the “\n \n \n Placement Business\n \n \n ”) in consideration for the payment of eight million one\nhundred thousand dollars ($8,100,000) (the “\n \n \n Asset Purchase Price\n \n \n ”). A portion of the Asset Purchase Price of $6,900,000 is\npayable upon closing of the transaction and the balance of $1,200,000\nthrough the issuance of preferred shares of 9483. The preferred shares\nwill be redeemable over a period of 36 months in accordance with the\nterms of redemption to be set out in a shareholders’ agreement to be\nsigned upon closing of the transaction. The Asset Purchase Price will\nbe adjusted to reflect closing adjustments related to working capital\nand accounts receivable pursuant to the Asset Purchase\nAgreement.\n \n \n \n \n Under the terms of the Share Purchase Agreement, Halsa\nhas agreed to...