Why Are Tabula Rasa HealthCare Shares Moving Higher Today?
Portfolio Pulse from Vandana Singh
Nautic Partners has agreed to acquire Tabula Rasa HealthCare Inc (NASDAQ:TRHC) for $10.50 per share in cash, valuing the company at approximately $570 million. The deal will combine Tabula Rasa with ExactCare Pharmacy, another Nautic portfolio company. The transaction is expected to close in Q4 2023. Tabula Rasa's Q2 adjusted EPS was $0.03, beating the consensus of $(0.14), and sales were $90.04 million, beating the consensus of $88.82 million. William Blair analysts have downgraded the stock to Market Perform from Outperform.
August 07, 2023 | 5:34 pm
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Tabula Rasa HealthCare is being acquired by Nautic Partners for $10.50 per share in cash. The deal is expected to close in Q4 2023. The company's Q2 results beat consensus estimates.
The acquisition of Tabula Rasa HealthCare by Nautic Partners is a significant event that directly impacts the company. The all-cash deal provides liquidity to shareholders and is expected to close in Q4 2023. Additionally, the company's Q2 results beat consensus estimates, indicating a positive financial performance.
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