Digital Health Tech OptimizeRx's Acquisition of Medicx Health To Boost Earnings And Market Potential: Analyst
Portfolio Pulse from Vandana Singh
OptimizeRx Corp (OPRX) has agreed to acquire Medicx Health for $95 million, a deal expected to close in Q4 2023. The acquisition is expected to expand OptimizeRx's footprint in life science commercial digital budgets and contribute significantly to revenue, revenue growth, EBITDA, and EPS. Post-acquisition, OptimizeRx will have approximately $12.5 million in cash and short-term equivalents. The combined company will establish relationships with approximately 300 pharmaceutical brands.
October 12, 2023 | 5:42 pm
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POSITIVE IMPACT
OptimizeRx's acquisition of Medicx Health is expected to significantly boost its earnings and market potential. The deal is also expected to contribute meaningfully to revenue, revenue growth, EBITDA, and EPS.
The acquisition of Medicx Health is expected to expand OptimizeRx's footprint in life science commercial digital budgets, a sector forecasted to grow 15% to 20% per year. This expansion, along with the expected contribution to revenue and earnings, is likely to have a positive impact on OptimizeRx's stock.
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IMPORTANCE 90
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