Merida portfolio company CB2 Insights, one of the largest integrative healthcare systems in the United States, announced on October 7 that it has completed the asset acquisition of Maverick County Medical in Eagle Pass, Texas. The acquisition of MCM expands CB2's bricks and mortar and telemedicine services to 14 States and adds 10,300 new patients to its current roster of 100,000. MCM represents the first acquisition by CB2 Insights since its recently announced oversubscribed private placement of CAD 5.13 million in September 2020. The acquisition is also part of a 3-pronged growth model which includes growth from the current infrastructure, new services and acquisitions.
Read the full release, including full terms of the transaction, here.