Ramsay buys Malouf


Malouf Pharmacy New Farm. Image: Google

Ramsay Health Care has announced the purchase of Queensland’s Malouf Group

“Ramsay Health Care confirms that the Ramsay Pharmacy Franchise network will expand by a further 18 pharmacies, following the exchange of contracts on 10th August 2017, with the Queensland-based Malouf Group,” Ramsay said in a statement.

“Finalisation of the deal is subject to normal conditions precedent and settlement is expected to occur in September 2017.”

The deal follows Ramsay’s announcement last year that it planned to open “hundreds” of community pharmacies across the country.

In August 2016 it announced its 2015/6 financial results, as well as that it was in the process of “establishing strategically located community pharmacies across Australia, concentrating initially in close proximity to our hospitals”.

This community pharmacy strategy would build on its “experience in the provision of hospital pharmacy services and enables us to care for patients beyond the hospital walls,” it said at the time.

The new group was planned to include specialised medication management; 24/7 medicine on-call advice; community-based services and clinics; patient pathways from hospital to community; and post-discharge services for Ramsay hospital patients.

This month, Ramsay said it was getting the ball rolling, following successful testing at 29 sites, including four 24-hour pharmacies in hospitals.

The Malouf Group has served the Queensland community for more than 55 years and is the largest privately owned pharmacy group in Queensland, with more than 450 employees.

Its stores are located in Brisbane and surrounds, the Sunshine Coast and in regional areas such as Toowoomba, Gympie, Bundaberg, Rockhampton and Mackay.

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