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USANA Health Acquires 78.8% of Hiya Health for $205M

USANA Health Sciences (NYSE:USNA) has acquired a controlling 78.8% stake in Hiya Health, a company specializing in children’s vitamins, for $205 million. The acquisition was financed with $200 million in cash on hand, with the remaining amount covered by other financial means. This strategic move positions USANA to expand its product offerings in the health and wellness sector, particularly targeting the pediatric market.

Source: seekingalpha.com