Navigation Links
Celesio Acquires Majority Stake in Number One Brazilian Pharmaceutical Wholesaler Panpharma
Date:7/10/2009

STUTTGART, Germany, July 10 /PRNewswire/ -- The supervisory board of Celesio AG has today approved the majority holding of 50.1 per cent in pharmaceutical wholesaler Panpharma. This step into one of the most attractive and strongest-growing pharmaceutical markets world-wide is part of Celesio's growth strategy. Celesio doesn't plan to setup a pharmacy chain in Brazil.

Celesio spent about two years thoroughly analysing the Brazilian pharmaceutical market, the political environment and the corporate landscape. "We are happy to have found in the Panarello family and the Panpharma Corporation the perfect partner in Brazil. Together we now want to continue the successful development in Brazil. Panpharma's capital increase is an essential prerequisite to do so," Oesterle continued. He also stated that Celesio is not planning to setup a pharmacy chain in Brazil. "If we want to operate pharmacies then we would have bought a pharmacy chain," added the Celesio CEO, "but we don't want to run a retail business in Brazil. Our goal is to improve the service levels to Panpharma's clients, the pharmacies."

The optimum market conditions, excellently trained and highly motivated employees at Panpharma as well as Celesio's international wholesale experience form an excellent base for the growth course of the company. Alexandre Panarello, CEO of Panpharma, commented: "We are looking forward to the long-term strategic partnership and cooperation with Celesio."

Press contact:

Rainer Berghausen, Celesio AG, +49 (0)711.5001-549, media@celesio.com

About Celesio Group:

Celesio is a leading international company which covers the spectrum of pharmaceutical trade and pharmaceutical-related services. The group is active in 14 countries and employs around 38,000 people in its three divisions Patient and Consumer Solutions, Pharmacy Solutions and Manufacturer Solutions. Over 2,300 of Celesio's own pharmacies, as part of Patient and Consumer Solutions, serve over 550,000 customers in seven countries every day. In its wholesale activities, which are part of Pharmacy Solutions, around 120 wholesale branches deliver to over 35,000 pharmacies in twelve European countries - day in, day out. In the Manufacturer Solutions division, Celesio offers pharmaceutical manufacturers logistics and distribution solutions and supports them in sales and marketing.


'/>"/>
SOURCE Celesio AG
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Health Club Media Network Acquires the Alloy Fitness Network
2. National Social Security Disability Advocacy Firm Changes Name to "Freedom Disability" and Acquires 22,000 Square Foot Corporate Headquarters in Shelton, CT
3. West Acquires Drug Delivery Assets From Plastef Investissements SA
4. Emdeon Acquires eRx Network, LLC
5. Hyland Software Acquires Valco Data Systems
6. Dental Network of America (DNoA) Acquires DenteMax, Owned by Blue Cross Blue Shield of Michigan
7. Euro RSCG Life Acquires Medicom Group to Further Strengthen Its Global and European Medical Education Offering
8. Orochem Technologies Acquires Oligonet, a Custom Oligo Synthesis Business
9. Beverages Holdings, LLC Acquires Bossa Nova: The Superfruit Company
10. Gentiva(R) Health Services Acquires Louisiana Home Health Agency
11. Doctor Diabetic Supply, Inc. Acquires Diabetes Source Rx
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/20/2017)... ... June 20, 2017 , ... ... in Cincinnati, OH for leading-edge care, whether or not they have a referral. ... the BIOLASE WaterLase® iPlus™ laser, she targets bacteria and damaged tissue without affecting ...
(Date:6/20/2017)... ... June 20, 2017 , ... Many RNA binding proteins ... the research team developed expressRNA, a web platform encompassing computational tools for integration ... nucleotide resolution the ‘RNA maps’, which demonstrate that RBPs bind to specific positions ...
(Date:6/20/2017)... ... June 20, 2017 , ... John D'Eri, CEO of Rising Tide ... Adult Autism Award during the Autism Society of America 's 49th annual ... Daniel Jordan Fiddle Foundation (DJFF) was founded in 2002 as the nation's first ...
(Date:6/20/2017)... , ... June 20, 2017 , ... ... McKenna has joined the company as Vice President of Sales, a critical role ... continued growth and increased customer satisfaction. , Mr. McKenna is a seasoned business ...
(Date:6/19/2017)... ... 2017 , ... Haute Beauty welcomes Dr. Hayes Gladstone, a ... and wellness experts. , With two decades of experience in reconstructive and aesthetic ... restoration. , Heading the successful Gladstone Clinic in San Ramon, ...
Breaking Medicine News(10 mins):
(Date:6/5/2017)... , June 5, 2017 Kohll,s Pharmacy ... the United States . The Raizer is ... a fallen person up to an almost-standing position ... and operated by one assistant and does not ... is simple enough that a child can operate it, ...
(Date:6/2/2017)... 2017  NxStage Medical, Inc. (Nasdaq:  NXTM), a leading medical technology ... findings demonstrating positive biochemical outcomes related to more frequent ... data will be presented at the ERA-EDTA Congress being ... . The research was conducted ... in Europe (KIHDNEy) Cohort ...
(Date:5/30/2017)... DarioHealth Corp. (NASDAQ: DRIO), a leading global digital health company with ... be presenting at the 7th annual LD Micro Invitational on Tuesday, ... CEO, of DarioHealth will be giving the presentation and meeting with ... & 7th, 2017 at the Luxe Sunset Bel Air Hotel and ... About LD Micro LD Micro was ...
Breaking Medicine Technology: