Terry White, Chemmart deal
August 4, 2016
EBOS Group ceo Patrick Davies
this morning unveiled a seismic
shift in the Australian pharmacy
landscape, with the proposed
merger of Chemmart with the Terry
White Group (PD breaking news).
The deal, which will see the
creation of one of Australia’s largest
retail pharmacy networks, will see
EBOS sell Chemmart to Terry White
Group and at the same time take a
50% shareholding in TWG.
Davies said the pharmacy industry
was positioned for growth, with
Australia’s ageing population and
positive community attitudes
towards health and wellbeing.
“The combined businesses will
take a leadership position on
health services within community
pharmacy, whilst also maintaining a
value for money offering,” he said.
Davies said the combined
businesses would have about 500
pharmacies in total, with retail
turnover of $2 billion per annum.
EBOS will consolidate TWG into its
financial statements effective from
the completion of the deal, which is
subject to approval by Terry White
Group shareholders.
Terry White Group ceo Anthony
White said both networks had
complementary retail offerings,
strong cultural synergies and a
“mutual focus on value for money
and front line health services” that
would deliver a stronger, more
capable network of pharmacies.
“The merger of the two
networks creates a comprehensive
national footprint and increased
scale which, when combined
with capabilities across retail,
merchandise and private
label, will improve the group’s
competitiveness and front line
health service delivery for the
benefit of all our pharmacy owners
and customers,” White said.
The franchise management entity
will be renamed to reflect the
multiple brands within the group,
with the team to be led by White
as ceo while Chemmart executive
director Duncan Phillips will
become chief operating officer.
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