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

17 Aug

Travel Specials 17 Aug 17 - WELCOME to Pharmacy Daily's travel feature. Each ...


17 Aug

Dispensary Corner 17 Aug 17 - HAVING silky smooth tresses is probably the ...


17 Aug

Tobacco reengineered - A RELATIVE of the tobacco plant has ...


17 Aug

New hearing standards framework - THE Federal Government has announced it is ...


17 Aug

Which pregnancy supplements? - THE Queensland Department of Health has issued ...


17 Aug

Insurance submission - THE Pharmacy Guild has made a submission ...


17 Aug

Allergy relief - VICTORIAN researchers from the Murdoch Childrens Research ...


17 Aug

$99m from Oct cuts - PRICE reductions due to the 01 Oct ...


17 Aug

Pharmacist’s stiff penalty - THE Supreme Court of New South Wales ...


17 Aug

Guild showcases pharmacy - THE Pharmacy Guild has launched what it's ...


16 Aug

Go natural from top to toosh – GAIA - GAIA Natural Baby now offer the full ...


16 Aug

Miracle Gel Rustic Charm Collection - SALLY Hansen's Miracle Gel Rustic Charm Collection ...


16 Aug

Super Flavoured Spirulina - NATURE'S Way Super Flavoured Spirulina is a ...


16 Aug

Facial Moisturiser for Fathers’ Day - SUKIN Facial Moisturiser is an easily absorbed, ...


16 Aug

Dispensary Corner 16 Aug 17 - COP an eyeful of this - an ...


16 Aug

Monash pharmacy milestone - MONASH Pharmacy and Pharmaceutical Sciences is celebrating ...


16 Aug

Aged care data site - THE Health Department has launched a new ...


16 Aug

Immunisation success - A new study reported in the Clinical ...


16 Aug

Atozet/Zeteze AusPAR - MERCK Sharp & Dohme's Atozet/Zeteze (ezetimibe and ...


16 Aug

South Pacific pharmacists strike - AUSTRALIA'S Department of Foreign Affairs and Trade ...



Show Pharmacy Daily items by month: