‘A great Australian story’: CWH founders named AFR Business Person of Year
The three founders of the $30bn discount pharmacy chain Chemist Warehouse (CWH) have been honoured by The Australian Financial Review (AFR) Mario Verrocchi and Jack and Sam Gance have been …
MedAdvisor to formally review its market value
The global pharmacy software company’s board has brought in financial advisors and legal counsel to help “ensure (their) assets are assigned their full and appropriate value” The board of software business …
What does the future look like for CWH/Sigma shareholders?
Investors in the merged Sigma/Chemist Warehouse could start reaping the benefits from the retailer’s earnings late next year, but the outlook hinges on store number growth, one analyst says …
‘A done deal’: What comes next for Sigma and CWH
With the competition watchdog green lighting one of the Australian pharmacy sector’s biggest deals, shares in wholesaler Sigma Healthcare have rallied to historic highs Healthcare analysts say the next hurdles …
ACCC announces Chemist Warehouse/Sigma merger decision
After an eight-month inquiry, the chief competition regulator has had its final say on whether the merger would “substantially lessen competition” in the retail pharmacy market The competition watchdog has …
MedAdvisor shares dive as quarterly profits stall
Software business MedAdvisor Solution’s share price dropped by as much as 34% during Thursday’s trade, following a drop in the company’s gross profit MedAdvisor told the Australian Securities Exchange (ASX) …
New merger reforms to target large ‘high-risk’ deals
Treasurer seeks to strengthen ACCC’s power to scrutinise mergers The Federal Government says the biggest merger reform package in decades will crackdown on “serious economic harm” and allow the competition …
Why Sigma’s ‘unlikely to overcome all competition concerns’: Analyst
The wholesaler’s share price rocketed to an historic high this week, but market analysts say the stock is overvalued and chances of competition watchdog approval may be overstated Sigma Healthcare’s …
‘Industry-wide challenges’ are driving up costs: Ramsay Health Care
Pharmacy revenue has grown by more than 7% in the past year and profit improvements have been forecast for the year ahead, but Ramsay Health Care indicated challenging dynamics could …
Are investors expecting the green light for CWH/Sigma merger?
As the market awaits the ACCC’s merger ruling, investors have been loading up on Sigma shares, leading to one online analyst to list the wholesaler as the most “overbought” ASX …
Kiwi discounter eyes Aussie expansion
Discount pharmacies are continuing to grow their footprint across the ditch, with one chain planning to double its reach in the next few years Chain retailers, including Bargain Chemist, Countdown …
Vape crackdown ‘ramping up’: Health Minister
Health Minister says an illegal vaping crackdown has led to millions of vapes being confiscated Federal Health Minister, Mark Butler, says the Government has seized more than five million illegal …