Advantage Pharmacy Group has formed a joint venture partnership with Arana Pharmaceuticals
The new partnership will enable the group to add increased warehousing and distribution facilities for its more than 200 independent pharmacies across Australia, it says.
The strategic move by the Advantage Group is hoped to enhance its service to its current 38 member pharmacies in Queensland, while continuing to provide outstanding service to Arana’s pharmacy clients in the state.
The partnership will lead to greater synergies and increased efficiencies gained via a more robust and larger scale operation centrally, while benefiting all pharmacies within the network through access to a wider range of products and services, the partners say.
“We are proud to be a group that is 100% pharmacist owned and is there to support a large number of independent pharmacies, in the same way that Arana has done over its 32 years history,” said Stephen Kastrinakis, CEO of Advantage Group.
“We’re excited because this joint venture partnership is central to our vision statement: our business will connect with more people every day.
“The move will allow us to have a conversation with over 90 independent pharmacies in Queensland alongside our 200+ membership across Australia.”
The Advantage Group and Arana Pharmaceuticals say that they are committed to working together to ensure a seamless transition over the coming weeks, with all personnel and operations continuing to provide exceptional services through this exciting new development.
Rodney Garozzo, CEO of Arana Pharmaceuticals says, “our dedicated Arana staff, many of whom have given over 20 years of service, will continue in a business as usual capacity through this exciting time.”
Mr Garozzo himself will continue to be involved in the business as an investor in the joint venture.
The partnership between the two organisations will be formally established effective from 30 July 2018