Skip to main content

Clicks to manage Netcare’s Medicross pharmacies

| Supplier news

Retailer Clicks will takeover managing private hospital group Netcare’s 37 Medicross branded retail pharmacies and its 51 hospital "front shops", the two JSE-listed groups said in a joint-statement.

The agreement excludes the dispensing of prescriptions in the Netcare Hospital pharmacies, which remain within Netcare’s hospital operations.

Specific employees involved in these areas of the business will be transferred to Clicks on terms similar to their current conditions of employment and any other employees indirectly affected will remain employed by Netcare on their current conditions of employment, the two groups said in the joint statement from the JSE-listed companies said.

"The rationale for the transaction is to offer an enhanced retail service offering to both patients and consumers by affiliating the pharmacy and the front shops to an experienced retail provider such as Clicks," Netcare said.

The parties expected to conclude the deal on October 1. It needs to gain competition authority approval, but falls below the JSE’s threshold for categorised transaction.

"Requirements for Netcare and Clicks and will have no material impact on the earnings and financial positions of either Netcare or Clicks," the groups said in the joint statement said.

Pin It

Related Articles

By: Nicola Mawson - IOL JSE-listed Tiger Brands has exited its deciduous canned fruit business five years after it said it could do so for R1 while also setting up a R150 million community trust to benefit the Langeberg community.
A global wave of home appliance recalls, including millions of air fryer models sold by major brands has cast a harsh spotlight on the growing danger of faulty kitchen devices and the rising tide of personal injury claims they leave in their wake.
By Yashvir Maharaj – Insights Survey There has been an increase in demand for female-focused healthcare products, with the Vitamins industry being no exception to this movement.
The reimagined Engen Xtreme lubricants range roared onto the scene with a high-impact launch at The Galleria in Sandton this month, where industry professionals, mechanics, and key media were treated to an exclusive preview of the brand’s powerful n…
Engen has unveiled a bold new look for its Xtreme lubricants range, positioning it as a premium solution for South African motorists. Designed to meet the demands of local roads and climate, the enhanced Xtreme range offers superior performance, adv…