A giant drugstore chain acquires another 12 stores to accelerate its deployment in the Hubei market

In recent years, the continuous increase of stores through "new construction + mergers and acquisitions" in order to achieve a larger market share and scale effect has become the core logic of the development of large chain pharmacies
.
On October 13, reports showed that Yifeng Pharmacy signed the Asset Acquisition Framework Agreement with Dehai Medical Trade, a wholly-owned subsidiary of Dahu Co.
, Ltd.
, and Dehai Pharmacy, a wholly-owned subsidiary of Dahu.
All the 12 directly-operated pharmacies in the camp will be sold to Yifeng Pharmacy
.
It is understood that Dehai Pharmacies are mainly distributed in Changde City, Hunan Province and Lixian County and Taoyuan County.
Hunan Province is the base camp of the two major listed chains, Yifeng and People, and the market competition is fierce.
Therefore, the industry believes that Dehai Pharmacy Opting out can also be said to be a wise move
.
It is worth mentioning that, at the same time, this transaction may further improve the layout of Yifeng base camp
.
In fact, Yifeng Pharmacy has been accelerating its development through store expansion in recent years
.
According to the company's annual report last year, its performance growth mainly depends on the combination of the internal growth of old stores and the extensional growth of new stores and acquisitions, as well as the improvement of management efficiency
.
Based on the above, as of the end of the first quarter of 2021, Yifeng has a total of 6,279 stores, including 693 franchise stores
.
According to the annual rate of 2,000 stores, the number of Yifeng Pharmacy stores is expected to exceed 10,000 within three years
.
The analysis believes that the concentration of the domestic pharmacy industry is in an increasing stage, and companies with strong expansion capabilities mean that they can seize more market share in the future
.
Therefore, in addition to Yifeng, major listed chains and regional leaders are also accelerating their expansion through self-construction, mergers and acquisitions, and franchising
.
For example, since the beginning of this year, companies such as Dashenlin, People, Yixintang, Jianzhijia, and Shuyu Civilian have also been accelerating the increase of stores
.
Recently, Shuyu Civilian issued an announcement stating that the company intends to acquire 100% equity of Qihe Taiyao held by Jilin Jingyao and Zhushan Leichi for no more than 288 million yuan, thereby indirectly holding 80% equity of Spring Pharmaceutical.
Will hold the assets and business of 198 directly operated stores injected by Spring Pharmacy
.
In August, the common people also issued an announcement stating that they planned to acquire 51% equity of Hebei Huatuo Pharmacy Pharmaceutical Chain Co.
, Ltd.
with their own funds of 1.
428 billion yuan (including loans)
.
It is reported that Huatuo Pharmacy now has 715 stores located in Hebei Province, Shanxi Province, and Inner Mongolia Autonomous Region
.
On the whole, the continuous expansion of large-scale chains has become the epitome of the current accelerated development of the retail pharmacy industry
.
Benefiting from the spring breeze of the national medical reform policy, with the successive introduction of various national medical reform and health industry policies, the reform trend of "separation of medicines" has become increasingly obvious.
Coupled with the advancement of prescription outflow policies, a large number of chain giants are expected to accelerate through the "horse racing".
Enclosure" to continuously increase the chain rate and occupy the market
.
Under this background, industry insiders believe that the increasing concentration of the pharmaceutical retail industry will be an inevitable trend in the future.
It will be clear
.
However, it should be noted that in the future, when the pharmaceutical market is becoming saturated, how to seize the dividend of the medical insurance "two fixed" policy, stabilize the incremental market, and coordinate the development of Internet medical services while occupying the prescription outflow market will also be Large chain pharmacies such as Yifeng need to further investigate issues
.