Warning: error_log(/var/www/html/pd/wp-content/plugins/fbgallery/debug/fbgdebug24112017.log): failed to open stream: Permission denied in /var/www/html/pd/wp-content/plugins/fbgallery/fbgallery.php on line 112
PD breaking news – EBOS to acquire HPS for $154 million :: Pharmacy Daily pharmacy industry news

Subscribe


Pharmacy Daily

PD breaking news – EBOS to acquire HPS for $154 million

Acquisition complements and extends EBOS’ existing Australian hospital business. 

EBOS has just confirmed a binding agreement for the acquisition of HPS, Australia’s largest provider of outsourced pharmacy services to hospitals. The $154 million purchase “both complements and extends EBOS’ existing Australian hospital business and provides a new platform for expansion in this important market,” the company said.

HPS currently services more than 100 sites and employs over 580 staff, including about 200 pharmacists.

EBOS ceo Patrick Davies said HPS was an important strategic investment “as it provides the Group with a vertically integrated model in a market segment that has attractive long term growth prospects, including the continued introduction of new drugs.

“The acquisition of HPS continues EBOS’ history of expansion in both the Australian and New Zealand hospital markets where it is the leading provider of wholesale pharmaceutical services. By virtue of this acquisition, EBOS will be the leading provider of outsourced pharmacy services in the Australian hospital sector.” Davies said.

The key management of HPS will continue to operate the business under EBOS’ ownership, with HPS forming part of the group’s Institutional Healthcare business division.

More details in tomorrow’s issue of Pharmacy Daily.


The above Breaking News Alert was sent to Pharmacy Daily subscribers on 23 May 17

Make a comment...



Established in 2007, Pharmacy Daily is Australia's leading pharmacy industry publication, and is sent as a free subscription to people across the industry as a PDF newsletter every weekday.

Register for Pharmacy Daily trial subscription

To sign up for a free subscription, click on the button at right.

Click here to see a sample issue of Pharmacy Daily.

Click here for more information on subscriptions.

Alternatively, you can search our site via the search box on the right hand side of the page, or find other content below.

Recent Pharmacy Daily articles

24 Nov

Events Calendar 24 Nov 17 - 5-8 Dec: APSA-ASCEPT 2017 Joint Scientific Meeting; ...


24 Nov

Dispensary Corner 24 Nov 17 - TASMANIAN pharmacist Michael Meaney from Shearwater Amcal ...


24 Nov

$20k from Guild for Mirabel - YESTERDAY Victorian Health Minister Jill Hennessy handed ...


24 Nov

Benzac range boost - GALDERMA has announced the launch of Benzac ...


24 Nov

Breast cancer drug - A new licensing deal by Specialised Therapeutics ...


24 Nov

UK ADE campaign - BRITAIN'S Medicines and Healthcare products Regulatory Agency ...


24 Nov

Codral ads withdrawn - JOHNSON & Johnson Pacific has been ordered ...


24 Nov

Guild rejigs consumer facing websites - THE Pharmacy Guild has combined its 'Find ...


24 Nov

TGA codeine training - HEALTH professionals dealing with chronic and acute ...


24 Nov

FDA issues generic opioid guidance - THE US Food and Drug Administration has ...


24 Nov

Terry White tops Oct satisfaction stakes - THE Terry White brand has come out ...


24 Nov

Semenax warning - THE Therapeutic Goods Administration has found that ...


24 Nov

Assisted dying passes - VICTORIA'S parliament has approved new assisted-dying laws ...


24 Nov

NPS osteoarthritis tips - NPS MedicineWise, in an effort to reduce ...


24 Nov

Cannabis medicines in SAS - LISTED Australian medicinal cannabis company Medlab has ...


24 Nov

Amgen details direct move - AMGEN says changes to the distribution model ...


23 Nov

Travel Specials 23 Nov 17 - CARNIVAL Cruise Line's Spoil Yourself Silly Sale ...


23 Nov

Dispensary Corner 23 Nov 17 - THOSE inventive people at KFC have done ...


23 Nov

CW supply contract - CHEMIST Warehouse has issued a formal tender ...


23 Nov

PBS mandatories - INCLUDING a pharmacy's Chemotherapy Compounder ID will ...



Show Pharmacy Daily items by month: