Life Pharmacy in takeover

Life Pharmacy has bought Care Chemist Services.

In a statement to the NZX, the companies announced Life Pharmacy had acquired Care Chemists for an undisclosed sum and would continue to operate the Care Chemist franchise as a separate legal entity.

Life Pharmacy said the new acquisition was complementary and would enable it to continue to grow a community-based pharmacy franchise group. The companies said their combined resources would allow the organisation to offer a well-considered umbrella brand to pharmacies.