South Africa: Dis-Chem Pharmacies acquires rival and buys software firms

South African pharmacy group Dis-Chem Pharmacies will buy healthcare group Medicare Health for R282m (US$9.1m) and intends to take stakes in two software firms. Medicare is a healthcare and pharmacy group with 50 pharmacies across four provinces. For the 12-months to February last year, Medicare reported revenues of R1bn, with dispensary contributing two-thirds. In a…

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