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Healthcare M&A image Healthcare M&A » By The Online Investor Staff, updated Fri., May. 3, 4:18 PM Recent mergers and acquisitions in the Healthcare M&A category.

This Slide: #33 of 100

Slide #33. Akorn — Hi-Tech Pharmacal

Acquirer: Akorn (AKRX)
Acquiree: Hi-Tech Pharmacal
Details: Akorn, Inc. (NASDAQ:AKRX), a niche pharmaceutical company, announced today that it has completed its previously announced acquisition of Hi-Tech Pharmacal Co., Inc. (NASDAQ:HITK) for $640 million in cash. The combination of Akorn and Hi-Tech will transform the Company into a larger, more diversified generic player. This combination also brings critical mass and scale to Akorn's business and strengthens the Company's position with retail and institutional customers.

Akorn is a generic pharmaceutical company that develops, manufactures and markets generic and branded prescription pharmaceuticals, branded as well as private-label over-the-counter consumer health products and animal health pharmaceuticals. Co.'s segments include: Prescription Pharmaceuticals, which primarily consists of generic and branded prescription pharmaceuticals in a variety of dosage forms including sterile ophthalmics, injectables and inhalants and non-sterile oral liquids, topicals, nasal sprays and otics; and Consumer Health, which primarily consists of branded and private-label over-the-counter products and animal health products dispensed by veterinary personnel.

Open the AKRX Page at The Online Investor »

AKRX — Key Stats (updated Tue., Jun. 2, 10:18 AM)
Company Name:  Akorn Inc
Website:  www.akorn.com
Sector:  Drugs & Pharmaceuticals
 

Open the AKRX Page at The Online Investor (in a new window) »
May 3, 2024  •  4:18 PM Eastern
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