U.S.-based healthcare products company Abacus Health Products, Inc has completed its previously announced business combination with Canadian rival Abacus Health Products, Inc.

Further, Abacus closed $15 million in a private placement offering as part of the business combination.

The company sold 4 million subscription receipts at a price of $3.75 per receipt.

Canadian investment bank Eight Capital acted as the sole book-runner in connection with the brokered portion of the offering.