Candor Medical, founded in 2022 by Joel and Dr. Lisa Beckett, has quickly grown into a leading Australian medicinal cannabis telehealth provider, facilitating prescriptions for approximately 15,000 patients annually and generating nearly $30 million in annual medication purchases through pharmacies.
Vitura Health Limited, a digital health platform revolutionizing medicinal cannabis access, acquired Candor Medical to expand its patient base and telehealth services, enhancing its market position and revenue growth. This acquisition aligns with Vitura’s strategy to develop an integrated patient-first healthcare ecosystem.
Rouse Lawyers represented the shareholders of Candor Medical throughout the transaction, including negotiating the share purchase agreement and other transaction documents.
“Rouse Lawyers acted as our trusted advisors during the sale of Candor Medical to Vitura Health (ASX: VIT), delivering exceptional guidance and support throughout the entire transaction. While M&A deals are often intricate and high-pressure, the team at Rouse made the experience remarkably smooth. They offered practical, commercially sound advice, safeguarded our interests every step of the way, and helped us secure an outstanding outcome. Their strategic mindset and meticulous attention to detail instilled confidence from start to finish. I highly recommend Rouse Lawyers to any business owner considering a sale.”
– Dr Lisa Beckett, former shareholder of Candor Medical
