Nichi-Iko Pharmaceutical to acquire Sagent Pharmaceutricals in $736M deal

Japanese company Nichi-Iko Pharmaceutical announced that they will officially acquire Schamburg, Ill.-based Sagent Pharmaceuticals via an all-cash tender offer for approximately $736 million, according to a Bloomberg report. The acquisition will bring together two of the leading companies in the generic medicine market.

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The transaction is expected to close in the second quarter of Nichi-Iko’s fiscal year in March 2017. The acquisition also raises the company’s profile as a key player in the domestic and international generics market, particularly in the U.S.

Officials at Nichi-Iko said they do not anticipate any changes to Sagent’s current operations and management team.

More issues about transactions and valuations:
Ministry Door County Medical Center, Hospital Sisters Health System pursue formal partnership
NYU Langone, Winthrop-University Hospital to begin merger talks
Henderson Hospital hiring for hundreds of open positions

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