Rubicon Pharmacies Canada Inc. has merged with Amenity Holdings Inc., a complementary retail pharmacy platform. The name of the newly combined company will be Rubicon Pharmacies and the business will own and operate more than 100 pharmacies across Alberta, British Columbia, Manitoba, and Saskatchewan, under a number of retail pharmacy banners.
“We are thrilled for the opportunity to bring together two companies with the same mission: A commitment to providing the highest quality experience for the people we serve with a focus on improving health,” said Michael Wright, CEO of Rubicon, who will lead the combined entity, said in a news release. “This transaction, backed by TorQuest Partners, creates an opportunity for pharmacy owners interested in selling to an independent group to join Rubicon’s vision of building a leading Canadian pharmacy organization”.
“Rubicon’s scale, cutting-edge central fill and Long-term Care offering make the combined entity better positioned to execute on the key goal of improving patient outcomes,” said Dalbir Bains, CEO of Amenity. “Amenity’s customers are in great hands with Rubicon’s patient relationship-based business model.”
Day-to-day pharmacy operations will not be affected by the integration of the two companies.
In addition to Mr. Wright being named CEO of the newly combined entity, the newly constituted executive team will draw from veterans of both companies. Dwayne Hoffman will serve as Chief Development Officer, and Robert Gare remains in his role as Chief Operating Officer. Keith McMahon, CFO of Amenity, will assume the CFO role of the combined platform.