Phoenix Group announced Friday it has signed a purchase agreement for the pharmaceutical wholesaler Farmexim S.A. and the national pharmacy chain Help Net Farma S.A. The acquisition is subject to antitrust approval.
“The Romanian health care sector is developing dynamically. The acquisition paves our way to service this growth market which has been a white spot for us”, said Oliver Windholz, CEO of Phoenix Pharma SE. Farmexim and Help Net are both sizeable players in pharmaceutical wholesale and retail business in Romania.
Founded in 1990 by Ovidiu Buluc, Farmexim was the first private import and distribution company of pharmaceutical products in Romania. The leading Bucharest based pharmaceutical wholesaler employs around 800 people. In 2016, sales exceeded EUR400 million. The ten nationwide distribution centers supply approximately 3,900 customers – mainly pharmacies and hospitals.
Help Net Farma owns and operates the Help Net pharmacy chain. The retailer is among the top five pharmacy chains in Romania with a network of approximately 220 pharmacies across the country. The approximately 1,600 employees offer high quality patient services and reliable supply of medicines to more than 2.5 million customers.