Simulations Plus to be Acquired by Altaris for Approximately $375 Million

Simulations Plus, Inc. announced a definitive agreement to be acquired by Altaris, LLC, an investment firm focused on the healthcare industry, in an all-cash transaction valued at approximately $375 million. The deal offers stockholders $18.50 per share, a 26% premium over the 60-day volume-weighted average price. Following the acquisition, Simulations Plus is expected to be combined with CCG, another Altaris portfolio company. The transaction, approved by the Simulations Plus Board of Directors, is subject to customary closing conditions, including stockholder and regulatory approvals, and is anticipated to close in the fourth quarter of 2026. Simulations Plus will become a privately held subsidiary of Altaris, and its stock will no longer be traded on the Nasdaq. The company will report its third quarter fiscal 2026 financial results on July 9, 2026, but will not hold an earnings call during the pendency of the transaction. The merger agreement includes a voting and support agreement from Simulations Plus cofounder and director Dr. Walter Woltosz, who will vote his shares in favor of the transaction.