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Perrigo Reaches $1.5bn Deal With Altaris For Rx Business

Company Announces Divestment After Holding Out For The Right Valuation

 
• By Dave Wallace

Perrigo has finally found the right deal to secure the long-awaited divestment of its prescription business, reaching an agreement worth just over $1.5bn with private equity firm Altaris Capital Partners.

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Perrigo has found the right deal to divest its prescription business • Source: Shutterstock

Perrigo finally has a deal to divest its prescription business. The company has announced an agreement worth just over $1.5bn for private equity firm Altaris Capital Partners to acquire the “Rx” generics business, with the transaction expected to close by the end of the third quarter of 2021.

Having long planned to divest the Rx business as part of its transition to focus on consumer healthcare – a separation of the generics business has been in the works since late 2018 – Perrigo has held off for a couple of years on agreeing

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