Birch Hill acquires Rexall and Well.ca
Torys acted as counsel to Birch Hill with a team that includes Guy Berman, Zehra Sheerazi, Steven Slavens, Melissa Lowy, Danielle Marjoram and Mitchell Hayes (corporate/M&A), Omar Wakil (competition), Yolande Dufresne, Nicole Zeit and Yu Seon Gadsden-Chung (IP and drug regulatory) and Craig Maurice (tax).
On September 5, 2024, Birch Hill Equity Partners Inc. (“Birch Hill”) announced it signed a definitive agreement with McKesson Corporation to acquire Rexall Pharmacy Group (“Rexall”), a Canadian pharmacy and drugstore chain, and Well.ca, an e-commerce retailer specializing in health, wellness, baby and beauty products.
Closing of the transaction was announced on December 30, 2024.
Further information can be found on Canada Newswire’s website and on businesswire.com.
Rexall operates 385 pharmacies across Canada and employs approximately 8,000 team members. Rexall is known for providing exceptional patient care and customer service with an ongoing dedication to caring for Canadians' health, one person at a time.
well.ca is a one-stop destination where consumers can find better-for-you everyday essentials and discover Canada's newest wellness brands and products. Offering customers more than 40,000 conveniently delivered health and wellness products, Well.ca strives to provide consumers with choice, dependability and ease, every time they visit.
Birch Hill is a Canadian mid-market private equity firm with over C$5 billion in capital under management.