Cosmos Health Enters Into Binding Letter Of Intent For The Acquisition Of Docpharm GmbH., An Established German Pharmaceutical Distributor; Expected To Boost Annual Revenue By ~€32M, Or 70%, By The End Of 2025 Vs FY22
Portfolio Pulse from Happy Mohamed
Cosmos Health (NASDAQ:COSM) has entered into a binding Letter of Intent to acquire German pharmaceutical distributor Docpharm GmbH. The acquisition is expected to boost Cosmos Health's annual revenue by approximately 70% by the end of 2025 compared to FY 2022.
May 25, 2023 | 3:25 pm
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Cosmos Health's acquisition of Docpharm is expected to boost its annual revenue by 70% by the end of 2025 compared to FY 2022.
The acquisition of Docpharm will significantly increase Cosmos Health's revenue, as it is expected to contribute more than €32 million annual revenue by the end of 2025. This will help Cosmos Health expand its international growth plans and establish a strong platform for further expansion into the central and western European market.
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