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ATLANTA - UPS (NYSE:UPS) has completed its acquisition of Canadian healthcare logistics provider Andlauer Healthcare Group (TSX:AND) for CAD $2.2 billion (USD $1.6 billion), the company announced Monday. This strategic move comes as UPS shares have experienced a challenging year, with a 32.4% price decline over the past 12 months according to InvestingPro data.
The all-cash transaction, priced at CAD $55.00 per share, expands UPS Healthcare’s specialized cold chain capabilities across North America and globally. Andlauer Healthcare Group provides customized third-party logistics and temperature-controlled transportation solutions for the healthcare sector.
Michael Andlauer, founder and CEO of Andlauer Healthcare Group, will lead UPS Canada Healthcare and AHG operations following the acquisition.
"At UPS Healthcare, we are relentlessly focused on quality, improving patient outcomes and advancing healthcare delivery, and we are thrilled that Andlauer Healthcare Group, and its talented employees, share that focus," said Kate Gutmann, EVP and President of International, Healthcare and Supply Chain Solutions for UPS.
The acquisition aims to provide UPS Healthcare customers with reduced transit times, enhanced end-to-end visibility, expanded global reach, and quality assurance for temperature-sensitive healthcare products.
UPS Healthcare currently operates 17 million square feet of cGMP and GDP-compliant healthcare distribution space globally, according to information provided in the company’s press release statement.
UPS reported 2024 revenue of $91.1 billion and employs approximately 490,000 people worldwide, serving customers in more than 200 countries and territories.
In other recent news, Coca-Cola Europacific Partners reported a continuation of its share buyback program, purchasing 72,609 ordinary shares on US trading venues, with no activity on the London venues. The company confirmed a series of buybacks, acquiring a total of 213,618 shares over several days. All repurchased shares will be canceled, as stated in the company’s recent filings. Meanwhile, Check-Cap Ltd. announced it had regained compliance with Nasdaq’s minimum bid price requirement and postponed its Annual General Meeting following a merger agreement with MBody AI. The merger announcement led to a significant increase in Check-Cap’s share price and trading volume. Kamada Ltd. has scheduled its Annual General Meeting for December 10, 2025, and has made relevant materials available for shareholders. Zooz Strategy Ltd., formerly Zooz Power Ltd., also announced its annual meeting set for November 21, 2025, and confirmed a company name change.
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