Source: Supplied
The winner of the 2021 Smart50 Awards, InstantScripts, is poised to be acquired by retail giant Wesfarmers through its subsidiary, Australian Pharmaceutical Industries (API), in a deal worth approximately $135 million.
The two companies revealed the proposed acquisition on Tuesday morning, with InstantScripts set to become part of the Wesfarmers Health division.
The health care provider was founded in 2017 by Dr Asher Freilich and Maxim Shklyar and has grown to become one of the leaders in the telehealth space in Australia, allowing users to obtain prescriptions for more than 300 medicines online, quickly.
In 2021, InstantScripts was crowned the country’s fastest growing SME as the winner of SmartCompany‘s Smart50 Awards, after achieving a three-year growth rate of 1441.
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