Business
Sigma’s CSO joins PharmX Board
Strategic alliance sees Sigma’s chief strategy officer, Mark Conway, appointed to the board of PharmX Technologies Following the announcement of a five-year partnership, which will see Sigma Healthcare take a 10% stake …
Junior partners scapegoats for others’ poor decisions
Guild leader flags concerns over corporate ownership structures following Infinity Pharmacy Group collapse Putting profits ahead of patients “a recipe for disaster in healthcare”, Pharmacy Guild of Australia national president, Professor …
Deadline for Infinity offers looms
Private capital businesses, overseas players and rival groups are among the prospective buyers circling the collapsed Infinity Pharmacy Group Swiss investment firm, Partners Group, is the latest entity to be linked with a bid …
Infinity losses hit Paragon Care
Wholesaler flags potential future loss, following Infinity Pharmacy Group collapse Paragon Care has included an “expense for the full provision against the debt owed by the Infinity Group” in its financial results for the first half of …
Guild Group sells majority stake in insurance arm
Specialist injury claims management, EML, acquires majority stake in Guild Insurance, following months of speculation Guild Group will retain a 30% in its insurance business through a new partnership with Employers Mutual Limited (EML). …
Revenue rises as PharmX accelerates growth strategy
Strategic alliance with Sigma to set PharmX up for “revenue diversification and growth”, chief executive tells shareholders Pharmacy ordering platform, PharmX, expects to reap significant benefits from its newly announced partnership with Sigma Healthcare. PharmX reported …
New banner behind EBOS’ soaring store count
The wholesaler and TerryWhite Chemmart owner added dozens of stores to its network, with a large NSW acquisition driving much of the growth Wholesaler EBOS has continued its acquisition and …
Asian pharmacy giant eyes Infinity
Global health and beauty retail behemoth joins list of suitors looking to acquire collapsed pharmacy group, Infinity One of the largest pharmacy groups in the world, AS Watson, is reportedly considering stepping into the Australian …
Sigma to take stake in PharmX
PharmX signs five-year deal to be Sigma’s “core technology infrastructure partner” Sigma Healthcare is set to take a 10% stake in PharmX as part of a five-year “strategic alliance” that …
GLP-1s supplant Covid antiviral growth: Wesfarmers
As pharmacies looked to replace revenue from Covid antivirals, a new contender moved behind counters, a major player says Weight loss drugs have become a top earner for Priceline Pharmacy …
Infinity stores ‘continue to trade well’
While future ownership of Infinity Pharmacy Group’s Priceline stores is unknown, individual pharmacies are performing well, Wesfarmers reports In its first statement to the Australian Securities Exchange (ASX) regarding the collapse …
Not-for-profit plan: Employees given Healthscope update
Receivers have detailed plans to secure the future of the hospital operator Healthscope’s receivers say they’ve come up with a plan that will give “stability to Australia’s hospital system”, which …