ASX
Sigma sparks API bidding war
Pharmacy Guild says it will monitor developments on API buyout for any “possible implications”. Sigma Healthcare has made a takeover offer for Australian Pharmaceutical Industries (API), trumping Wesfarmers 11 day …
API says no to Wesfarmers
API Board unanimously concludes “undervalued” Wesfarmers offer is not in the best interest of shareholders The board of leading pharmaceutical wholesaler API has rejected a takeover offer from retailing giant …
CWH in ‘IPO charm offensive’
Chemist Warehouse has reportedly begun courting several fund managers, potentially ready for the biggest float in years “Chemist Warehouse has launched an initial public offering charm offensive,” write Sarah Thompson, …
Chemist Warehouse, TWC credited in EBOS ‘record’ results
Community pharmacy revenue across both Australia and New Zealand rose by $1.4 billion due to significantly increased volumes EBOS Group has reported strong revenue growth in its full-year results despite …
MedAdvisor reports ‘record’ revenue
Total revenue is up nearly 100% on last quarter after an initial impact from COVID-19 Digital medication management company MedAdvisor has revealed record revenue for the three-month period to 30 …
Ramsay reports $2.7b Australian revenue
The healthcare giant says its community pharmacy franchise network is performing well, but also reports “challenging conditions” in Australia, citing the bushfires and coronavirus threat Ramsay Health Care has reported total …
API sees return to growth
Group reports total revenue of $4 billion, up 4.1% on the prior year, excluding PBS reforms and hepatitis C medicines API has reported earnings before interest and tax of $94 …
Ramsay reports $11.4B revenue – up 24% on last year
The “market-leading” healthcare group added just five retail pharmacies to its portfolio in Australia, after slowing down rollout of its pharmacy network Ramsay Health Care has announced a core net …
‘Landmark’ year for MedAdvisor
The digital medication management company has reported a 25% increase in operating revenue and 24% increase in gross profit following its expansion into the US and UK MedAdvisor has reported …
Chemist Warehouse linked to big money
The discount pharmacy chain is reportedly set to float but investors may have to wait, with rumours the date has been pushed to late 2020 Pharmacy giant Chemist Warehouse has …
EBOS reports ‘solid growth’ in underlying earnings
Full-year highlights included signed agreement with Chemist Warehouse Group for exclusive wholesale distribution, and moving to 100% ownership of TWC – but PBS reforms are having an impact EBOS Group …
“Strong” position has led to investments
Despite facing PBS reform and intense competition, API reports $25 million net profit after tax and $2 billion in revenue in its half-year results for 2019 Australian Pharmaceutical Industries (API) …