M&A
confidence medium
sentiment positive
materiality 0.75
Zomedica files pro forma financials for Pulse Veterinary acquisition; $71.9M cash price
Zomedica Corp.
- Preliminary purchase price of $71.9M funded from cash; pro forma cash after deal $197.7M.
- Pro forma 2020 net loss $13.4M, including $1.5M amortization on acquired intangibles.
- Acquired intangible assets valued at $33.65M with 11-19 year useful lives; goodwill $44.9M.
- Branford PVT generated $7.1M revenue in 2020 and $8.5M in 9mo 2021; combined entity net loss.
- Audited financial statements of Branford PVT filed as Exhibit 99.1.