07:20 AM EST, 03/03/2025 (MT Newswires) -- Richards Packaging Income Fund (RPI-UN.TO) over the weekend announced two strategic acquisitions to add to its healthcare line up.

The Fund, through its subsidiary, Clarion Medical Technologies Inc., has acquired all of the outstanding shares of National Dental Inc., a Canadian provider of high-tech laser and diagnostic devices to the dental care industry. The purchase price of $10.0 million was financed by a $9.7 million draw down on the revolving credit and a $0.3 million holdback from the vendors. This purchase price is subject to additional consideration contingent on National Dental's future earnings through 2026 or 2027. The acquisition is expected to be accretive to earnings in 2025.

Also, the Fund, through its subsidiary Richards Packaging Holdings 2 Inc., has acquired all of the outstanding shares of HL Production SA, the Swiss based global owner and distributor of the World PRP platelet-rich plasma system to the healthcare industry. The purchase price of CHF2.35 million ($3.76 million) was financed by a $3.7 million draw down on the revolving credit and a CHF0.05 million ($0.1 million) holdback from the vendors. The acquisition is expected to be accretive to earnings in 2025.