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Chemdex acquires medical supplier for $340mm

Executive Summary

Online medical supplier Chemdex (primarily supplies reagents to biotech and pharmaceutical researchers) has purchased medical equipment and supplies distributor for 12mm Chemdex shares, valued at approximately $340mm, or about $28 a share. The sale doesn't include Promedix's specialty medical product distribution business, which it will spin off prior to the transaction. Tenet Healthcare, a Promedix customer, has also agreed to make a $5mm equity investment in the company after the transaction closes.
Deal Industry
  • Digital Health
  • Distributors
  • Medical Devices
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Payment Includes Stock

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