OPPORTUNITY: If successful, ShareHope would control 104 drug stores, allowing it to tap into demand from Taiwan’s aging population, the firm’s chairman said

Taipei Times
Date: May 19, 2018
By: Ted Chen  /  Staff reporter

ShareHope Medicine Co Ltd (盛弘醫藥) yesterday said that its board has approved plans to acquire a local retail drug store chain from Hong Kong-headquartered Zuellig Pharma Holdings Pte Ltd in a move that would make the company one of Taiwan’s biggest pharmacy operators.

The company, a medical human resources and logistics service provider, said that it would acquire YesChain (躍獅連鎖藥局), a local drug store chain with 87 outlets, in a NT$170 million (US$5.68 million) acquisition.

Following the deal, ShareHope would control 104 drug stores, the Taoyuan-based company said in a statement.

ShareHope also plans to strengthen ties with Zuellig Pharma, a major regional medical supplier, it said, adding that it aims to combine the Hong Kong company’s bargaining power with its own cloud-based procurement platform to tap into Taiwan’s growing demand for medicine and healthcare products.    [FULL  STORY]