Pharmacybrands expands into medical centres

Pharmacybrands is buying medical centre assets worth $3.2 million from Radius Health Group to improve links between medical and pharmacy practitioners.

Pharmacybrands said it has entered into a conditional agreement with Radius to buy Radius Medical Ltd (RML) and Radius Medical Solutions Ltd (RMSL).

RML has equity interests in six medical centres and RMSL provides back office services to these and other medical centres. The purchase will be funded by bank debt.

Pharmacybrands said the acquisition would help it understand and develop how it could improve patient care with greater collaboration between medical centres and pharmacies.

NZPA

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