Atlantic Grupa forms chain of 28 pharmacies
After recent acquisitions, a retail pharmacy chain with annual turnover of about HRK 220mn was created. Taking part in the privatization process of the City and County pharmacies follows.
Atlantic Grupa took over three pharmacies Mandić Pharm, Bamapharm and Baričević. After acquisition of Coner and Farmako at the beginning of January, Atlantic Grupa acquired another 19 pharmacies with turnover of HRK 135mn and formed the leading national private retail pharmacy chain named Farmacia which includes 28 pharmacy units with annual turnover of about HRK 220mn.
Mandić Pharm includes seven pharmacy units in Zagreb and Zagreb County. Apart from the pharmacies, the sale contract includes additional licenses for opening new units in this area. When Baričević and Bamapharm were taken over, Atlantic Grupa acquired eleven pharmacies of which four are situated in the Capital. The Company currently owns eleven pharmacies in Zagreb. The service is expanded to Dalmatia, southern part of Croatia, since the Company owns pharmacies in the center of Split, Zadar and Starigrad/Paklenica. Atlantic owns another four pharmacies in the Banovina area.
Atlantic is thus present in the seven counties and in the City of Zagreb. Negotiations with other pharmacies across Croatia are going to result in the increase of the number of pharmacies and additional expansion to other counties. Atlantic took over two pharmacies in Bosnia and Herzegovina expanding to regional market.
‘In the strategy of further business development, Atlantic plans to expand on the pharmacy market. By taking over five prominent pharmacy chains we have already realized announcements of forming a leading private pharmacy chain in Croatia. We intend to strengthen this position. By taking over pharmacies in Bosnia and Herzegovina we have created the basis for the expansion in the region.’ the President of the Board Emil Tedeschi, said.
Atlantic expansion strategy in the pharmacy business primarily relies on the purchase of private pharmacies of top quality. Taking part in the privatization process of the City and County pharmacies follows.