EBOS says its successful tender to become the exclusive third party distributor of pharmaceutical products to the Chemist Warehouse Group across Australia will boost its funding under the Community Service Obligation to over 40% of the overall pool.
An investor presentation yesterday by EBOS CEO John Cullity said that would make EBOS the "number one community pharmaceutical wholesaler in Australia," reiterating previous expectations that the five year supply agreement from 01 Jul 2019 would generate about $1 billion in revenue during its first full year.
There is also the potential for a three year extension, he said.
Cullity also confirmed that the EBOS acquisition of the minority shares in TerryWhite Group Limited was expected to complete by the end of next month.
He highlighted key strategic priorities for the company, including an increased retail presence through TerryWhite Chemmart and Ventura Health, acquired in Apr 2018, which operates brands including Cincotta Discount Chemist, Mega Save Chemist, YouSave Chemist, Max Value Pharmacy, BetterBuy Pharmacy & MyMedical Pharmacy.
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