EBOS Limited, the majority owner of the TerryWhite Chemmart group, says its healthcare business continues to perform strongly despite the ongoing impact of PBS reforms and lower levels of activity in the non-presciption OTC channel.
Speaking at the EBOS annual general meeting today, ceo Patrick Davies highlighted the last year of rebranding and alignment for the retail pharmacy operations, as well as the acquisition of HPS (PD 24 May), Australia's largest provider of outsourced pharmacy services.
He said HPS gave EBOS market leadership in the sector and provided the platform for further revenue growth.
Other key developments include a new pharmaceutical distribution centre in Brisbane and a Sydney-based contract logistics facility, with both projects set to come on stream this financial year.
EBOS chairman Mark Waller noted the ongoing diversification of the company's business, with pharmacy operations now accounting for less than 50% of the group's gross operating revenue.
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