Australian News

532 readers

8 users here now

A place to share and discuss news relating to Australia and Australians.

Rules

Follow the aussie.zone rules
Keep discussions civil and respectful
Exclude profanity from post titles
Exclude excessive profanity from comments
Satire is allowed, however post titles must be prefixed with [satire]

Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Banner: ABC

founded 1 year ago

MODERATORS

[email protected]

Chemist Warehouse merging with Sigma Healthcare to become $8.8 billion ASX-listed company (www.abc.net.au)

submitted 10 months ago* (last edited 10 months ago) by [email protected] to c/[email protected]

0 comments fedilink hide all child comments

Chemist Warehouse has struck a deal with Sigma Healthcare to create the biggest pharmacy company in Australia [...] a company with a value in excess of $8.8 billion.

It also makes Sigma Healthcare a substantially bigger player in the market. Right now, Sigma has a market capitalisation of $810 million — but the deal grows its value by almost 11 times.

But it's not only the monetary value of the company that makes this such a big deal — it would also make it one of the top 100 companies listed on the ASX.

The merger will create three tiers of pharmacy that won't compete with each other: the big box discount (Chemist Warehouse), the full service (Amcal, My Chemist) and the discount (Discount Drug Stores).

Notes on edited title

My title options were:

Chemist Warehouse may be a discount pharmacy, but it's agreed to a merger worth $8.8 billion
What does the Chemist Warehouse merger with Sigma Healthcare mean for the pharmacy giant?

So I edited it for a more descriptive one lol.

no comments (yet)

sorted by: hot top controversial new old

there doesn't seem to be anything here