iMD Companies, Inc. (OTC: ICBU) has finalized the acquisition of Riize, LLC, an innovative telemedicine and pharmacy services company specializing in men’s and women’s health and weight loss. Over the past year, Riize has experienced remarkable growth, achieving a 6x increase in sales order volume and tripling its online subscriber base. The merger aims to provide Riize with additional resources and support to expand its product portfolio and enhance its market position. Both companies are optimistic about future growth and potential acquisitions that will complement Riize’s offerings. The acquisition underscores iMD’s strategy to establish itself as a key player in the healthcare market by leveraging technology and strategic acquisitions.
Telemedicine, Healthcare Products, Pharmacy Services, Private Equity,United States
https://www.globenewswire.com/news-release/2024/08/29/2937773/0/en/iMD-Companies-Inc-Completes-Acquisition-of-Riize-LLC.html