M&A
confidence high
sentiment positive
materiality 0.85
Better Choice expects combined 2025 revenue ~$270M, EBITDA ~$10M; SRx Health acquisition close imminent
SRx Health Solutions, Inc.
- Combined 2025 pro forma revenue over $270M and EBITDA over $10M, based on management assumptions.
- Transaction expected to close late Q4 2024 or early Q1 2025; all-stock deal valued at ~$125M.
- Combined TTM revenue $235M (+25% QoQ); expected annual cost savings ~$1.7M.
- Better Choice Q2 2024 adjusted EBITDA near break-even (-$0.03M); SRx Health had CAD$180M revenue in 2023.
- Pro forma fully diluted shares 22.9M; insiders own ~75%; net tangible book value $4.07/share.