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Endo to Acquire Specialty Generics Company Boca Pharmacal
Date:8/28/2013

MALVERN, Pa., Aug. 28, 2013 /PRNewswire/ -- 

  • Unique Generics Product Portfolio, Attractive Pipeline, Builds On Qualitest's Strength In Controlled Substances
  • Transaction Expected To Be Immediately Accretive To Endo's Adjusted Diluted EPS
  • Transaction Reflects Endo's Ongoing Transformation of Endo Into a Leading Specialty Healthcare Company

Endo Health Solutions (NASDAQ: ENDP) today announced that its Qualitest subsidiary has reached a definitive agreement to acquire privately held Boca Pharmacal, a specialty generics company, for $225 million in cash.  The transaction is expected to enhance the growth platform and pipeline for Endo's Qualitest business and is consistent with Endo's strategic transformation into a leading specialty healthcare company.

Boca Pharmacal is a specialty generics company that focuses on niche areas, commercializing and developing products in categories that include: controlled substances, semisolids, and solutions.  Boca Pharmacal's commercial footprint and R&D pipeline are a strong complement to Qualitest.  The transaction is expected to be immediately accretive to Endo's 2013 adjusted diluted earnings per share.  On a stand-alone basis, Boca Pharmacal is expected to generate EBITDA of approximately $50 million in full year 2013.  The deal is expected to close before the end of 2013, subject to standard regulatory requirements.  The transaction will be financed with Endo's current cash on hand.  

"The acquisition of Boca Pharmacal is the first of several transactions we plan to execute as we transform Endo into a more focused specialty healthcare company with a lean operating model, able to deliver consistent earnings and revenue growth for our shareholders," said '/>"/>

SOURCE Endo Health Solutions
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