snooping around this AM> Wonder if PAYS is involved in donation payments?
(PR) Grifols acquires its first plasma donation center in Canada 12:30 PM ET 1/4/22 | PR Newswire Related Quotes
4:00 PM ET 1/19/22 Symbol Last % Chg GRFS 12.46 0.00% Real time quote.
-In a share-purchase agreement, Grifols Canada Therapeutics Inc has acquired Prometic Plasma Resources Inc's donation center in Winnipeg from Kedrion
BARCELONA, Spain, Jan. 4, 2022 /PRNewswire/ -- Grifols (MCE: GRF, MCE: GRF.P, NASDAQ: GRFS), a global healthcare company and one of world's top producers of plasma-derived medicines, today announced the acquisition of its first donation center in Canada as part of the company's commitment to increase the availability of lifesaving plasma medicines in the country.
In a share-purchase agreement, Grifols Canada Therapeutics Inc has acquired Prometic Plasma Resources Inc's (PPR) donation center in Winnipeg from Kedrion for USD 4 million in cash.
With the center, Grifols furthers its growth strategy in Canada, where it already has a plasma fractionation plant with an annual capacity of 1.5 million liters and two purification facilities that it purchased in 2020. The production plants are currently being developed and are expected to be operational in 2023.
Grifols is already familiar with PPR's high quality and safety standards through an existing relationship in which the center provides Grifols with anti-Rho(D) plasma.
"We are excited to establish the first Grifols donor center in Canada," said VÃctor Grifols Deu, co-CEO of Grifols, which has a network of more than 350 centers, the world's largest. "We are clear in our commitment to helping countries globally ensure the availability of lifesaving plasma medicines for their citizens."
The company has gained deep knowledge of Canada's plasma market and healthcare system over the more than 30 years it has fractionated Canadian plasma in its U.S. production plants. This contract manufacturing services arrangement enables Grifols to provide plasma-derived medicines that enhance the lives of thousands of Canadian patients.
Grifols will file notifications of the acquisition with the applicable Canadian authorities, including Health Canada and the government's foreign-investment authorities.
Grifols retained Osborne Clarke, S.L.P. as legal advisor.
Grifols is a global healthcare company founded in Barcelona in 1909 committed to improving the health and well-being of people around the world. Its four divisions -- Bioscience, Diagnostic, Hospital and Bio Supplies -- develop, produce and market innovative solutions and services that are sold in more than 100 countries.
Pioneers in the plasma industry, Grifols operates a growing network of donation centers worldwide. It transforms collected plasma into essential medicines to treat chronic, rare and, at times, life-threatening conditions. As a recognized leader in transfusion medicine, Grifols also offers a comprehensive portfolio of solutions designed to enhance safety from donation to transfusion. In addition, the company supplies tools, information and services that enable hospitals, pharmacies and healthcare professionals to efficiently deliver expert medical care.
Grifols, with nearly 24,000 employees in more than 30 countries and regions, is committed to a sustainable business model that sets the standard for continuous innovation, quality, safety and ethical leadership.
In 2020, Grifols' economic impact in its core countries of operation was EUR 7.5 billion. The company also generated 140,000 jobs, including indirect and induced.
The company's class A shares are listed on the Spanish Stock Exchange, where they are part of the Ibex-35 (MCE:GRF). Grifols non-voting class B shares are listed on the Mercado Continuo (MCE:GRF.P) and on the U.S. NASDAQ through ADRs (NASDAQ:GRFS).
For more information, please visit www.grifols.com
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