Help Net portfolio will include twelve more drugstores in Constanta, namely, two in Techirghiol, one in Navodari, one in Negru Voda and one in Topraisar commune, respectively. The units are to be integrated in Help Net structure in the shortest time, along with taking over the 1,600 employees of Proxi Pharm, according to data provided by Help Net.
”Expanding the Help Net pharmacy chain is a priority for us”, said Sebastian Ring, Managing Director of Help Net.
The transaction was approved by the Competition Council Tuesday, October 29, 2019.
The Proxi Pharm chain, held by Carmen and Octavian Idu, reported a turnover of RON34.7 million in 2018, up 19% on the year.
Help Net is the fourth largest pharmaceuticals retailer on the local market, with a turnover of RON665 million in 2018, controlling 240 drugstores across Romania. Help Net, alongside medical drug distributor Farmexim, were bought in 2018 by German giant Phoenix, which operates in the healthcare industry, in 27 European countries, within a transaction of nearly EUR100 million.
The largest chains on the Romanian pharmaceuticals retail market are Catena, with 800 drugstores across the country, Sensiblu, with 650-700 drugstores, Dona, Help Net and Ropharma.