API
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 …
‘Wesfarmers supports the community pharmacy model.’
Two months after it rejected a takeover bid from Wesfarmers, API has now welcomed a new bid from the owner of Bunnings and Kmart Wesfarmers announced on Thursday that it …
Expanding the network
MedAdvisor signs five-year deal with API, bringing hundreds of pharmacies on board MedAdvisor has signed a five-year agreement with Australian Pharmaceutical Industries (API), which owns the Priceline Pharmacy, Soul Pattinson …
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 …
Making a fortune
My Chemist and Chemist Warehouse co-founders jump more than 30 places up the AFR Rich List, seeing their wealth increase by nearly 70% since COVID-19 hit My Chemist Retail Group …
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 …
The week in review
This week saw a watershed moment for community pharmacy and the COVID-19 vaccination… but also continued controversy about the jab In big news for community pharmacy this week, pharmacist immuniser …
Former Guild head joins API
API Limited has announced that it has appointed George Tambassis to the role of non-executive director of the company, effective immediately In a statement this week API noted Mr Tambassis’ …
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 …
Pricelines to close due to COVID-19 downturn
API has announced plans to “rationalise” the Priceline network with the closure of 14 stores In a statement foreshadowing its financial results for the year ended 31 August 2020, the …
Continuing to deliver
Situation stabilising at wholesaler warehouse linked to COVID-19 outbreak There have been no additional confirmed positive COVID-19 cases linked to a pharmaceutical wholesalers Victorian warehouse where there were reports of …
Doing business under COVID: API reports results
API says it is well placed to compete in an environment affected by COVID-19, citing the success of initiatives like Priceline’s Click and Collect API presented its 2020 half-year results …