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Terry White acquires Chemplus

Sarah Stowe

Terry White Chemists has acquired South Australian pharmacy network Chemplus in a bid to future proof its member pharmacies.

TWC Group Investments, the parent entity that owns the Terry White business, will purchase all shares in Chemplus for $2.6 million with a transaction date set for July 31.

TWC chairman Terry White said the merger was a significant step in the evolution of the industry and enabled the group to capitalise quickly on existing growth opportunities in the pharmaceutical market place.

“The combined group has a market share in excess of eight percent and will provide increased business opportunities for all members at a time when scale matters,” White said.

Chemplus chairman Scott McGregor said the merger provides benefits for both networks going forward, allowing each other to leverage its own strengths.

“The two networks share a strongly aligned strategic position in terms of a focus on health and growth and we look forward to working together with the Terry White Chemists team to further strengthen the future for our members,” McGregor said.