echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Medical News > Latest Medical News > After the listed chain made another move, another 81 pharmacies were acquired!

    After the listed chain made another move, another 81 pharmacies were acquired!

    • Last Update: 2022-01-01
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Recently, Jianzhijia issued an announcement stating that Yunnan Jianzhijia Chain Health Pharmacy Co.
    , Ltd.
    , a wholly-owned subsidiary of the company, and its counterparties Chen Chaoyan, Chen Chaowen, Chen Xia, and Chen Chaoxiu have signed an "Equity Acquisition Agreement" and intends to acquire 96.
    33 million yuan with its own funds 100% equity of Pu'er Herborton
    .
    According to data, Pu'er Herborton is located in the Pu'er area of ​​Yunnan Province and has 81 pharmacies.
    The stores are located in 1 district and 5 counties in Pu'er.
    It is a larger chain in the region with good influence, store operation and market reputation
    .
    The transaction will also target the assets of Puer Herbortang’s 81 pharmacies and their operating rights, including but not limited to office supplies, facilities and equipment, medical insurance software, decoration, business premises lease rights, operating rights, membership information, and suppliers Information, pharmacy business data, as well as the inseparable commitment of the counterparty and the target company to assist in fulfilling the business license change
    .
    Regarding the acquisition, Jian Zhijia said that Pu'er area is an area where the company has already deployed but has a low store density.
    Through this acquisition, the dense distribution of county-level areas in Yunnan can be further strengthened, which is in line with the company's continuous development needs
    .
    It is understood that since this year, Jianzhijia has been strengthening the store expansion strategy of "self-built + acquisition mode", focusing on the advantageous areas in the southwest, focusing on expansion in the existing layout areas, and penetrating downwards from the central city as the core.
    Penetration layout in other areas outside of Nanning, the central city of the Guangxi branch of Yunnan Province
    .
    In addition to this acquisition, on April 14 this year, Jianzhijia issued an announcement stating that its wholly-owned subsidiary, Yunnan Jianzhijia Chain Health Pharmacy Co.
    , Ltd.
    , intends to acquire Yuxi Jiangchuan District Xingyun Pharmacy with its own funds of 44.
    25 million yuan.
    chain Limited 100% equity
    .
    In addition, on July 1, Jianzhijia issued an announcement stating that it intends to acquire 100% equity of Pingguo Yujia Pharmaceutical Chain Co.
    , Ltd.
    (hereinafter referred to as "Pingguo Yujia") with its own funds of 41.
    83 million yuan
    .
    From the above point of view, the analysis believes that the frequent expansion of listed drugstores through mergers and acquisitions is still one of the strategic priorities of major listed chains
    .
    In fact, since the beginning of this year, as the industry concentration continues to increase, in order to increase market share, giant companies’ mergers and acquisitions and expansion have been "non-stop".
    The pharmacy also keeps moving
    .
    For example, the three quarterly report released by Yixintang shows that during the reporting period, the company built 1,300 stores, closed 26 stores due to urban renewal and strategic location adjustments, relocated 123 stores, and added 1,151 stores, directly operating chain stores.
    There are 8356 stores
    .
    In terms of regional market focus, the company continued to deepen its efforts in Sichuan and Chongqing, further sinking the chain direct sales network, and optimizing the network layout.
    At the end of the period, the number of stores has exceeded 1,400
    .
    There is also Dashenlin, which initiated 7 acquisitions in the first half of the year, involving a total of about 340 stores, and the total amount of acquisitions was about 244 million yuan
    .
    As of September 30, Dashenlin had 7,610 stores (including 738 franchise stores), with a total operating area of ​​605,300 square meters (excluding franchise store area).
    From January to September 2021, the company added 1,590 stores.

    .
    In addition, Yifeng Pharmacy netly added 1,255 stores from January to September, among which, 1051 newly opened stores (including 242 newly opened franchise stores), 280 stores were acquired, and 76 stores closed.
    By the end of the reporting period, the company’s stores There are a total of 7,246 (including 877 franchise stores), and the operating area of ​​directly-operated stores is 742,800 square meters
    .
    The industry believes that, on the whole, the concentration of the domestic pharmacy industry is in an increasing stage, and companies with strong expansion capabilities can seize more market share in the future
    .
    Therefore, major listed chains and regional leaders are accelerating their expansion through self-construction, mergers and acquisitions, and franchising
    .
    Following this trend, the chain of retail pharmacies in China will continue to accelerate in the future, and the degree of concentration will continue to increase
    .
    It is expected to be as short as two or three years, and as slow as three to five years, and the online and offline "hand-to-hand" competition in the drugstore chain industry may be clear
    .
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.