St Ives Group has acquired The Health Hive Group in a deal worth £50m.
The deal will be made up of £16.8m in cash and around 2.1 million shares in St Ives, with a further consideration of up to £29.1m, made up of 80 per cent in cash and 20 per cent in shares, depending on financial performance over the next three years.
Hive will continue to operate as a subsidiary of St Ives with the management team of Ian Busby, Jas Hummel and Tim Scorer, set to remain in place.
Patrick Martell, CEO of St Ives, said: “Hive’s Read full story ›
Source: The Drum
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