Akorn Offloads Consumer Health For $230m

All-Cash Deal Allows Beleaguered Firm To Invest In Optimizing Prescription Business

Akorn has announced a $230m all-cash deal to divest its consumer healthcare business to Prestige Consumer Healthcare. The transaction will allow Akorn – which recently went through bankruptcy proceedings – to invest in optimizing its prescription business.

Akorn website magnifying glass
Akorn has struck a $230m deal for its consumer healthcare business • Source: Alamy

Akorn has struck a deal to divest its consumer healthcare business to Prestige Consumer Healthcare for $230m in cash. The company said the transaction – which is expected to close in the third quarter of 2021 – would allow it to invest in optimizing its prescription business.

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Generics Bulletin for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Deals

More from Business