Subscribe


PD breaking news – Sigma buys Central Healthcare

Sigma announces $24.5m purchase of Central Healthcare Pty Ltd.

Sigma Pharmaceuticals has just announced an agreement for the purchase of Central Healthcare, with the deal having already received clearance from the ACCC.

The purchase price is $24.5 million, with the potential for a further earn-out payment at 30 June 2015.

Central Healthcare is a wholesaler and distributor of pharmaceutical products to hospitals and retail pharmacies, and also owns and manages the Pharmasave retail brand.

The company is an approved CSO distributor in Victoria, NSW, ACT and Queensland, with annual sales revenue of more than $200 million.

Sigma said that Central Healthcare would continue to operate as a standalone business, and the current CHS and Pharmasave management teams “will continue to be the driving force behind these businesses”.

“This acquisition is strategically important to Sigma as it wil open new avenues for growth,” said Sigma ceo and managing director, Mark Hooper.

“Central Healthcare also provides Sigma with an opportunity to diversify its service offering by establishing an independently operated wholesale and retail channel that can leverage Sigma’s financial strength and national infrastructure to expand and develop new business models to meet the changing needs of the Australian pharmacy landscape,” Hooper said.

More information in tomorrow’s Pharmacy Daily.


The above Breaking News Alert was sent to Pharmacy Daily subscribers on 26 Mar 14

Make a comment...



Established in 2007, Pharmacy Daily is Australia's leading pharmacy industry publication, and is sent as a free subscription to people across the industry as a PDF newsletter every weekday.

Register for Pharmacy Daily trial subscription

To sign up for a free subscription, click on the button at right.

Click here to see a sample issue of Pharmacy Daily.

Click here for more information on subscriptions.

Alternatively, you can search our site via the search box on the right hand side of the page, or find other content below.

Recent Pharmacy Daily articles

18 Jan

Travel Specials 18 Jan 18 - VIEW & Verandah Sale by Holland America ...


18 Jan

Dispensary Corner 18 Jan 18 - NEWLYWEDS from Northern Ireland have wasted no ...


18 Jan

CW float speculation - THE owners of Chemist Warehouse may be ...


18 Jan

Life-Long Learning - THE Australian Pharmacy Council has announced the ...


18 Jan

FIP Glasgow regos - REGISTRATIONS have opened for the 78th International ...


18 Jan

Vic Guild election - THE Victorian Branch of the Pharmacy Guild ...


18 Jan

Blood clot warning - A DRUG that women use as a ...


18 Jan

TGA reformats PIs - EFFECTIVE 01 Jan this year, all product ...


18 Jan

PBA competency standards - THE Pharmacy Practitioner Development Committee (PPDC) met ...


18 Jan

The eyes have it - RESEARCH conducted by the University of Queensland ...


18 Jan

Pharmacy role in National Pain Plan - PHARMACISTS have been identified as key advisors ...


18 Jan

SHPA affirms codeine move - THE Society of Hospital Pharmacists of Australia ...


17 Jan

Ibuprofen Double Strength 400 - ARROW Pharmaceuticals announces the launch of Chemists' ...


17 Jan

Fragonia Pure Essential Oil - IN Essence Australian Native Fragonia Pure Essential ...


17 Jan

Banana Powder by Australis - AUSTRALIS Banana Powder is a multipurpose pressed ...


17 Jan

Brain Active from Blackmores - BLACKMORES develops products and services that deliver ...


17 Jan

Dispensary Corner 17 Jan 18 - RECENT data compiled by BMJ Case Reports ...


17 Jan

Priceline aces Kooyong Classic - PRICELINE Pharmacy returned to Melbourne's Kooyong Classic ...


17 Jan

Busting for a laugh - THERE'S no doubt about the comedic creativity ...


17 Jan

Blackmores check - BLACKMORES has launched a new online Wellbeing ...



Show Pharmacy Daily items by month: