$6 million plus cash subject to approvals
Corum Group Limited is selling its pharmacy software business to Jonas Software AUS Pty Ltd, part of the Jonas Group which is an operating group of
Toronto Stock Exchange listed company Constellation Software Inc.
Corum expects to receive total cash consideration of $6.25 million, subject to customary completion adjustments.
The purchase price may be increased through the achievement of annual recurring revenue targets (earnout payments) based on the achievement of certain business metrics on the first and second anniversaries of completion.
Completion of the sale is subject to shareholder approval at an extraordinary shareholders meeting, notice for which will be accompanied by an independent expert’s report on the proposed sale.
More details in Monday’s issue of Pharmacy Daily.
