Guardion Health Sciences Announced Entry Into Definitive Agreement to Sell Its Viactiv Brand And Business to Doctor's Best For $17.2M Cash
Portfolio Pulse from Charles Gross
Guardion Health Sciences has entered into a definitive agreement to sell its Viactiv brand and business to Doctor's Best for $17.2 million in cash. This strategic move allows Guardion to focus on its core competencies and may provide a financial boost to the company.
January 30, 2024 | 11:19 pm
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Guardion Health Sciences' sale of Viactiv for $17.2M to Doctor's Best could provide a significant financial boost and allow the company to concentrate on its primary business areas.
The sale of a business unit is a significant event for a company, often leading to a one-time influx of cash. For Guardion Health Sciences, this deal could improve its balance sheet and provide resources to invest in or focus on its core operations. Investors may view this positively in the short term, expecting better financial health and strategic focus.
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