Nature’s Best Brands, Inc., which, through its subsidiaries, markets organic foods to health-conscious consumers, announces that it has signed an agreement to acquire Unisource Health Inc., the exclusive United States distributor of the RM-3A medical device. The RM-3A medical device is a powerful tool used by physicians in managing their patients’ health. FDA cleared, this medical device performs a range of tests that are covered by most insurance companies. Pursuant to the agreement, the Company will issue 20,000,000 shares of common stock to the stockholders of Unisource which based on today’s closing price of the company’s common stock the acquisition is valued at approximately $20,000,000. The Company and Unisource anticipate that the acquisition will be completed on or around October 30, 2018.
“The acquisition of Unisource will enable us to reposition our business to offer state-of-art medical equipment, which, following the merger, will be our principal line of business,” stated Natalia Lopera, the CEO of Nature’s Best Brands, Inc.
“We have been looking for the right partner to help us to reach the next level of growth,” stated Lawrence Biggs, the CEO of Unisource Health, Inc., who will become the Company’s chief executive officer upon completion of the acquisition.
Date: August 27, 2018
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Source: GlobeNewsWire