Subscribe


Pharmacy Daily

PD breaking news – Terry White to merge with Chemmart

EBOS announces major investment in Australian retail pharmacy. 

EBOS Group Limited has just announced it has entered into an agreement to merge its Chemmart business with the Terry White Group “to create one of Australia’s largest retail pharmacy networks”.

The combined operations will have retail turnover of about $2 billion per annum, and comprise approximately 500 pharmacies. 

Under the deal EBOS Group will sell Chemmart and subscribe for shares in Terry White Group Limited, with EBOS Group ceo Patrick Davies saying the merger will “provide both immediate and long term benefits through building the strongest retail pharmacy network in Australia, underpinned by a substantial and sophisticated retail pharmacy model”.

“Chemmart and Tery White Group have strong, vibrant brands that have established leadership positions within the market…this merger is about capitalising on those strengths and continuing to develop competitive and sustainable businesses for pharmacy owners while also significantly increasing our ability to meet the evolving needs of our customers,” he said.

The transaction is subject to several conditions including approval from Terry White Group shareholders, and is expected to be finalised in late October 2016.

More details in today’s issue of Pharmacy Daily.

 


The above Breaking News Alert was sent to Pharmacy Daily subscribers on 04 Aug 16

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

21 Aug

Weekly Comment 21 Aug 17: Don’t burn your bridges – Part 1 - This week's contributor is Amy Filicietti, Recruitment ...


21 Aug

Dispensary Corner 21 Aug 17 - THERE'S been a major fake tan fail ...


21 Aug

Healthscope sells medical centres - HEALTHSCOPE Limited on Fri confirmed the $55 ...


21 Aug

Generic orlistat - ARROW Pharma has announced the launch of ...


21 Aug

CW stocks SASMAR - SASMAR has announced that its Conceive Plus ...


21 Aug

Connect with CPD - NEXT week's Pharmacy Connect conference at the ...


21 Aug

JPPR vulnerable focus - THE latest issue of the flagship publication ...


21 Aug

Fake meds webinar - THE International Pharmaceutical Federation (FIP) has announced ...


21 Aug

30% pharmacist pay rise push - PROFESSIONAL Pharmacists Australia has launched a campaign ...


21 Aug

Practice guidelines revised - THE Pharmaceutical Society of Australia (PSA) has ...


18 Aug

Events Calendar 18 Aug 17 - 1-3 Sep: Pharmacy Connect; Hilton Hotel Sydney; ...


18 Aug

Dispensary Corner 18 Aug 17 - THE "afterburner effect" is probably a significant ...


18 Aug

Soliris patent extends - ALEXION Pharmaceuticals has announced that the United ...


18 Aug

New US telepharmacy - RETAIL giant Kmart has opened its first ...


18 Aug

Aus/NZ paracetamol poisoning guidelines - UPDATED guidelines around management of paracetamol poisoning ...


18 Aug

UK OTC psoriasis - BRITAIN'S Medicines and Healthcare products Regulatory Agency ...


18 Aug

TGA balances Lateline - THE Therapeutic Goods Administration's (TGA's) Special Access ...


18 Aug

Medicine misuse - NPS MedicineWise's 7th annual campaign has been ...


18 Aug

Course fever runs hot - GUILD Learning and Development has partnered with ...


18 Aug

FDA Zika samples - THE US Food and Drug Administration (FDA) ...



Show Pharmacy Daily items by month: