Pharmed Pharmaceuticals (Pty) Ltd (Pharmed) has acquired the business assets (excluding debtors and liabilities) of Amalgamated Pharmaceuticals Ltd (Amalgamated), a pharmaceutical wholesale and distribution company, for an undisclosed consideration.
Pharmed is a supplier and distributor of healthcare related products, including ethical, generic, patent, homeopathic, surgical, dental and veterinary products and medical equipment, reagents and supplies to dispensing doctors, retail pharmacies, private hospitals and other allied healthcare professionals. The acquisition of the Amalgamated business meets Pharmed’s strategic growth objective.
Amalgamated was formed in 1997 by the merger of five major pharmaceutical distribution companies, which boasted a track record of more than 60 years’ service. Amalgamated is a full-line, nation-wide wholesaler that is focused exclusively on the pharmaceutical market with its head office in Johannesburg and a satellite office in Durban.
Oaklins' team in South Africa acted as financial advisor to Pharmed in this transaction.
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