Scoop has an Ethical Paywall
Radius Health Group agrees sale to Pharmacy Brands
14 February 2011
Radius Health Group agrees sale to Pharmacy Brands
Radius Health Group (RHGL) announced today it has entered into an arrangement to sell its shares in Radius Pharmacy Limited to the Pharmacybrands Group.
The agreement is conditional on a number of matters including the approval of Pharmacybrands’ shareholders and completion of finance arrangements. It is anticipated that a meeting of Pharmacybrands’ shareholders will be held in March 2011 with completion thereafter.
Andrew Nugent, chairman of Radius Pharmacy, says that the sale is a good result for the future of Radius Pharmacy. He says that having an owner committed to growing the business is critical. Leveraging synergies between both businesses should reap significant benefits by utilising the different strengths of both parties.
Murray Davies, chairman of RHGL, says, “This is a very positive development for everyone involved in Radius Pharmacy as the new owner will be able to drive its continued growth and secure its future.”
ENDS
Te Ara Ahunga Ora Retirement Commission: New Financial Education Partnership Helps Rangatahi Learn About Money
NZ Comedy Trust: New Zealand Comedy Trust And RNZ Launch Comedy Podcast Development Fund 
Whanganui Regional Museum: Marton Family Featured Through Stunning Edwardian Dress
Bikesport NZ: Hard Adventure Enduro Will Again Be A Stern Test
Presbyterian Church of Aotearoa NZ: Response To Royal Commission Of Inquiry Into Abuse In State And Faith-Based Care Findings
Health Coalition Aotearoa: Lunches Contract Goes To Companies With Poor Track Record On Food Quality And Service