PRESS RELEASE


Santa Lucia Pharma Apps acquires a controlling stake in Eco-dex

Gragnanino (Piacenza), 17 October 2018 – Santa Lucia Pharma Apps S.r.l. (“SLPA”) is pleased to announce the acquisition of a controlling stake in Eco-dex SaS (“Eco-dex”), leader in the production and distribution of devices for the automatic distribution of solid-oral drugs in the French market.

Established in 2010 and headquartered in Le Mans (France), Eco-dex is specialized in providing complete solutions for the automated management of drug logistics, in single-dose format, in healthcare and hospital facilities. Eco-dex, provides highly innovative machinery, based on proprietary technologies, and long-term assistance services that ensure maximum traceability of medicines, total security of doses and greater efficiency of consumption with a consequent significant reduction in medical spending.

Eco-dex has a leading position in the French market, with an estimated market share of over 60% and installations in over 20 of the largest hospitals in France.

Giorgio Pavesi, President of SLPA, commented: "The acquisition of Eco-dex represents a relevant step further towards the extension of the product portfolio, thanks to the highly complementary technologies developed by the two companies, and the improvement in service offered to our customers for whom we can formulate increasingly customized solutions."

Loïc Bessin, President of Eco-dex, said: "Joining the SLPA group is an important milestone for us, allowing us to move beyond national borders and to offer a broader portfolio of solutions to our clients worldwide."

Raffaele Legnani, Managing Director of H.I.G. Europe, added: "H.I.G. is pleased to team-up with SLPA and its management team to support the group's international growth. Thanks to this acquisition and the strong organic growth achieved in recent years, the company now boasts a prominent position in the European scene."

SLPA was assisted by Next! Financial Advisor and by the law firm UGGC Avocats.

About SLPA

SLPA is one of the leading Italian providers of advanced services to hospitals, offering integrated turn-key solutions to hospitals for the traceability and management of unit dose drugs and medical devices. SLPA solutions, which include proprietary software, patented robotic technologies and specialist support services, enable drugs and medical devices management from digital prescription to automated personalized unit dose treatment, up to software controlled administration to patients. Based in Piacenza (60km from Milan, Italy), SLPA currently manages and delivers medicines to over 10,000 beds in 25 Italian hospitals, including some major university hospitals and highly respected and innovative centers.

About Eco-dex

Established in 2010 and headquartered in Le Mans (France), Eco-dex is specialized in providing complete solutions for the automated management of drug logistics, in single-dose format, in healthcare and hospital facilities. Eco-dex has a leading position in the French market, with an estimated market share of over 60% and installations in over 20 of the largest hospitals in France.