Business
MedAdvisor considering options to shore up revenue
Software company MedAdvisor Solutions says it’s weighing up several proposals, as it continues its drive to unlock further shareholder value The Melbourne-based company recently reported its revenue had fallen by …
Pharma suppliers cop early hit from Trump trade war
Pharmaceuticals were excluded from US President Donald Trump’s reciprocal tariffs, but other companies supplying pharmacies took a rapid dip on the market after Thursday’s announcement Trump announced he would introduce …
StrongRoom AI: Administrators seek to sell pharmatech
Questions are mounting about what’s next for StrongRoom AI, a pharmatech start-up which went from a $17m capital raise to having its assets frozen within a few weeks The administrators …
‘Some pharmacists are under real financial pressure’
Measures in last week’s Federal Budget may not be enough to tackle the pain points for pharmacists, who are feeling mental strain from higher costs, a business strategy firm says …
Sigma backer reveals big pay day
Sigma investor HMC Capital has declared how much one of its funds made from its early support of the pharmaceutical wholesaler’s expansion plans Sigma Healthcare was a “seed investment” for …
Soul Patts director raises stake in company
Soul Patts chairman and rich-lister Robert Millner has indirectly lifted his share in the diversified investment house, a week after it declared an increase in its half-year profit Soul Patts, …
Budget reply pitches small business, health relief
The Coalition promises to extend instant asset write-off and re-affirms commitment to $25 co-payment pledge Opposition leader Peter Dutton used his pre-election budget reply speech to discuss cost of living …
Major supermarket cutting pharmacy margins: ACCC
The competition watchdog has shared insights into the major supermarkets’ approach to marking-up products, with one giant slicing pharmacy margins The Australian Competition and Consumer Commission (ACCC) last week released …
Top 20: CWH founders shoot up rich list
Three new Chemist Warehouse names have been added to the Australian’s Richest 250 list, as the founders shoot up the wealth ladder following Sigma merger Chemist Warehouse founders Jack Vance, …
Sigma posts full-year loss
Wholesaler Sigma Healthcare reported a dip in profit in its final full-year standalone results before the Chemist Warehouse (CWH) merge Sigma posted a statutory loss of $13.8m for the year …
Pharmatech start-up attracts new investors
A pharmacy software start-up founded with the vision of using “biometrics to match with peoples’ medical records” has just finished a $17m capital raise StrongRoom AI (SRAI), which began in …
Hospital operator getting auction-ready: reports
Private hospital operator Healthscope is preparing to be sold after ballooning debt, sources say Australia’s second-largest private hospital operator is reportedly getting closer to a sale after most of its …