Andlauer Healthcare Group ( (TSE:AND) ) has issued an update.
Andlauer Healthcare Group has announced a joint venture between its packaging subsidiary, Nova Pack, and NowPac, a Toronto-based company specializing in contract packaging services for the healthcare sector. This collaboration aims to leverage technology, automation, and AHG’s extensive healthcare supply chain network to offer enhanced contract packaging solutions. The joint venture, equally owned by AHG’s Accuristix and NowPac’s owners, is expected to boost AHG’s cash flow and earnings per share immediately. By combining NowPac’s expertise in packaging with AHG’s logistics capabilities, the partnership is set to enhance efficiency and scalability in healthcare supply chain solutions, providing significant growth opportunities and value for customers.
More about Andlauer Healthcare Group
AHG is a leading supply chain management company providing customized third-party logistics and specialized transportation solutions for the healthcare sector. Its services include logistics, distribution, and packaging solutions for healthcare manufacturers.
YTD Price Performance: -17.86%
Average Trading Volume: 2,375
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.1B
See more data about AND stock on TipRanks’ Stock Analysis page.
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