Business
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) …
Pharmacy delivers record revenue for EBOS
Wholesaler’s community pharmacy division reports revenue growth of close to $500 million, as TWC franchise thrives EBOS Group’s community pharmacy arm is continuing to perform strongly, delivering record revenue growth …
Small businesses bear the brunt of cybercrime: ASIC
Cybercrime is costing small businesses an average of $46,000 a year the Australian Securities and Investments Commission (ASIC) warns Pharmacies and other small businesses are being urged to be increasingly …
Demand likely to out strip supply in 2025
Aspiring pharmacy owners urged to “get in early” with 2025 expected to be a quiet year for business sales Limited numbers of community pharmacies are likely to come on the …
Pharmacy should get payroll tax exemption: Guild
General practice in Queensland is set to remain exempt from the new payroll tax interpretation – but what about pharmacy? Both major parties in the state have now confirmed general …
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 …
Investors betting on Sigma, CWH merger green light
‘Amber light’ issues raised in the ACCC’s Statement of Issues relating to Sigma’s proposed merger with Chemist Warehouse are likely to turn green, an investment analyst says Investment banking firm, …
Sigma makes offer to get CWH merger approved
ACCC pushes back announcing a decision on Sigma Healthcare’s proposed merger with Chemist Warehouse by a fortnight for further consultation Amcal and Discount Drug Store franchisees will be allowed to …
Wholesaler plots franchise push
Sigma is preparing to expand its pharmacy networks in the face of a competitive market Sigma Healthcare is stepping up its franchise growth plans, announcing a new marketing campaign for …
CWH eyes ‘significant growth runway’ in Australia
Discounter reports 78% bump in statutory net profit after tax for 2024 financial year Chemist Warehouse (CWH) plans to continue its expansion across Australia over the next 12 months, after …
‘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 …
60-day uptake ‘quite modest’: expert
Pharmacy financials looking “pretty strong” due to low uptake of 60-day dispensing to date, says leading analyst, with first additional payments due by end of Oct Lower-than-expected uptake of 60-day …