Business
Wesfarmers makes a move
Wesfarmers has bought nearly 20% of API, in the latest move in the war to acquire the wholesaler On Thursday Wesfarmers made the announcement that it has acquired 95.1 million …
On the market
Survey reveals there is strong buyer demand and growing availability of pharmacies on the pharmacy market The results of a new market sentiment survey indicate there is “very strong buyer …
Sigma sparks API bidding war
Pharmacy Guild says it will monitor developments on API buyout for any “possible implications”. Sigma Healthcare has made a takeover offer for Australian Pharmaceutical Industries (API), trumping Wesfarmers 11 day …
Sigma manages “growth through challenging times”
Pharmacy brands like-for-like sales up 8.7% in spite of COVID hits, half yearly report shows. Sigma Healthcare has experienced what it describes as “organic growth” across its pharmacy brands and …
API says no to Wesfarmers
API Board unanimously concludes “undervalued” Wesfarmers offer is not in the best interest of shareholders The board of leading pharmaceutical wholesaler API has rejected a takeover offer from retailing giant …
Wesfarmers’ API bid under scrutiny
Guild says it is ‘monitoring’ the $687 million takeover bid for the wholesaler The Pharmacy Guild of Australia is “monitoring” Wesfarmers’ unexpected takeover bid for Australian Pharmaceutical Industries for “possible …
Dequeuing your queues
Community pharmacies must pay more attention to the amount of time patients spend in queues, says Glenn Guilfoyle Regardless of all the latest retail pharmacy challenges and opportunities: electronic prescriptions, …
Strong demand
The pharmacy sales market remains positive, according to the latest pharmacy market sentiment report, says Natalie Sirianni The third iteration of the Attain Pharmacy Market Sentiment Report has revealed a …
Profits hit by COVID lockdowns
API has released half-yearly results showing a 29% drop in net profit, with big drops in profit at its two largest CBDs Australian Pharmaceutical Industries has released its results for …
Priceline faces ‘imminent’ class action from angry franchisees
Legal representatives say they wish to resolve the dispute at pre-trial mediation or arbitration if possible Priceline is facing a potential class action in an ongoing dispute with franchisees who …
Discount chains ‘distorting’ sector
Free scripts offered by discount pharmacy chains are driving smaller pharmacies out of business, says NZ Guild Pharmacy Guild of New Zealand chief executive Andrew Gaudin has told the Otago …
Staying strong
The pharmacy business sales market is staying strong, with many pharmacists believing prices are likely to increase, a survey has revealed A majority of pharmacists believe that pharmacy business sales …