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Sigma Healthcare Acquires MPS

07 Sep 2017  |  08:31:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Sigma acquires MPS

Sigma Healthcare announced that agreement has been reached to acquire the business of MPS, Australia's provider of dose administration services to the aged care sector, and to community pharmacy across Australia. MPS was founded in Brisbane in 1997. With almost 20% market share, it is Australia's provider of medication management solutions for residential aged care facility residents, and also community pharmacy patients. The acquisition of MPS is expected to be earnings accretive from the first full year. Completion of the acquisition is expected to occur on 30 September 2017.

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