ACCC announces Chemist Warehouse/Sigma merger decision
After an eight-month inquiry, the chief competition regulator has had its final say on whether the merger would “substantially lessen competition” in the retail pharmacy market The competition watchdog has …
MedAdvisor shares dive as quarterly profits stall
Software business MedAdvisor Solution’s share price dropped by as much as 34% during Thursday’s trade, following a drop in the company’s gross profit MedAdvisor told the Australian Securities Exchange (ASX) …
New merger reforms to target large ‘high-risk’ deals
Treasurer seeks to strengthen ACCC’s power to scrutinise mergers The Federal Government says the biggest merger reform package in decades will crackdown on “serious economic harm” and allow the competition …
Why Sigma’s ‘unlikely to overcome all competition concerns’: Analyst
The wholesaler’s share price rocketed to an historic high this week, but market analysts say the stock is overvalued and chances of competition watchdog approval may be overstated Sigma Healthcare’s …
‘Industry-wide challenges’ are driving up costs: Ramsay Health Care
Pharmacy revenue has grown by more than 7% in the past year and profit improvements have been forecast for the year ahead, but Ramsay Health Care indicated challenging dynamics could …
Are investors expecting the green light for CWH/Sigma merger?
As the market awaits the ACCC’s merger ruling, investors have been loading up on Sigma shares, leading to one online analyst to list the wholesaler as the most “overbought” ASX …
Kiwi discounter eyes Aussie expansion
Discount pharmacies are continuing to grow their footprint across the ditch, with one chain planning to double its reach in the next few years Chain retailers, including Bargain Chemist, Countdown …
Vape crackdown ‘ramping up’: Health Minister
Health Minister says an illegal vaping crackdown has led to millions of vapes being confiscated Federal Health Minister, Mark Butler, says the Government has seized more than five million illegal …
New approach pitched to avoid discharge medication errors
Co-ordinated stewardship approach key to improving medications management during transitions of care, experts believe Adopting a collaborative “stewardship approach” to managing patients’ medications as they are transitioned out of hospital …
Ramsay Health Care flags wage concerns
Pharmacy delivers growth for Ramsay Health Care in 2024, but the next 12 months are unlikely to be smooth sailing Private health and pharmacy operator Ramsay Health Care has increased …
Priceline sales boost Wesfarmers Health results
Pharmacy business delivers growth for Wesfarmers, with Priceline franchise network continuing its expansion Wesfarmers Health lifted its revenue by almost 6% in the most recent financial year, with strong Priceline …
Sigma backer gives financial update
A top Sigma shareholder has shared how investing in the wholesaler has added to its fund, as the market continues to wait for the watchdog’s decision on the proposed Chemist …