The doctor’s recommended a new owner for InstantScripts, and the four-year-old telehealth business has brought in Lazard Australia to find one.
has drafted in Lazard Australia to hunt for a new owner, in what could spell a big payday for its founders and investors including Perennial.
Street Talk understands Lazard’s bankers started getting in touch with potential buyers last month, and has called for a first round of bids in November. InstantScripts lets users/patients get express medical scripts online in minutes instead of the drudgery of finding an appointment and showing up at a doctor’s office. It can do scripts for more than 300 medicines, all of which are low-dosage and low clinical risk for things like thyroid, urinary tract infections or melatonin for sleep.
Potential investors were told InstantScripts has about 600,000 users in its database, of which about 250,000 had used the system in the past 12 months.
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