Ebos grabs scale with $1.1 bln purchase of Aussie pharma distributor Symbion

Tue, 28 May 2013

By Paul McBeth May 29 (BusinessDesk) - Ebos Group, the healthcare and animal care products company, has agreed to buy Zuellig Group’s Australian pharmaceutical wholesaler and distributor, Symbion, in a $1.1 billion deal which will more than triple its annual revenues and make it a major player across Australasia. The Christchurch-based company will pay $367 million in cash and $498 million in scrip, while taking on $230 million in net debt for Zuellig Healthcare Holdings Australia, it said in a statement. The agreement is subject to certain...

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