'Movement', owned by Eli Dahan, offers 100 million shekels for control of 'Novolog'

The company 'Movement', owned by Eli Dahan, has its sights set on controlling the pharmaceutical distribution company 'Novolog'. This evening, it was announced that 'Movement' has submitted a purchase offer for 21.34% of 'Novolog' shares, in exchange for an investment of 100 million shekels in the company itself.

Dahan previously held 11% of 'Novolog' shares privately, and his offer is at a price of 72.14 shekels per share, 5% above the closing price this evening on the Tel Aviv Stock Exchange. The offer is valid until August 5th, and even if it is not accepted, it indicates 'Movement's' intention to take over the company.

Ehud Pozis is the founder of 'Novolog' and leads the company, but does not serve in an official capacity. Arik Shor serves as Chairman, and Aviad Bossi serves as CEO. Since the beginning of the year, the stock has fallen by 44%, and it is trading at its lowest level. The company earned about 4.5 million shekels in 2025, and finished the first quarter with a meager profit of 200 thousand shekels.

'Movement' received an investment of 100 million shekels last year from 'Leumi Partners', at a valuation of 500 million shekels. 'Movement' is a wellness group that owns, among other things, the 'Sh-Gal' and 'Energym' store chains, and recently acquired control of the paramedical treatment company 'Wonder Care'.