Sopharma Trading – the largest Bulgarian company by revenue in the Pharma sector has announced today the closing of the acquisition of PharmaStore pharmacies. The news come only a few weeks after the Commission for Protection of Competition has unconditionally approved the concentration in early November.
By closing the deal Sopharma Trading Jsc. acquired the 19 PharmaStore outlets in Sofia and Bourgas. In the months to come the current management team of the acquired pharmacies will continue to participate in their management while in the meantime a plan for their integration to SOpharmacy concept is elaborated.
The union of SOpharmacy and PharmaStore will ensure a stronger position to both chains for satisfying the growing needs of Bulgarian patients for quality and contemporaneous, health services. In addition, it provides a larger scale for the operations of Sopharma Trading in the retail segment of Pharmacy Market.
“We were always partners with PharmaStore as we share the same vision for modernization and renewal of the Pharmacy market in Bulgaria. We expect that the integration will bring even more good practices and will take SOpharmacy to the next level of improvement both for our customers and for our partners. Our main priority continues to be to attract the best professionals and thus to improve our service to patients. So, these are good news for the customers of both SOpharmacy and PharmaStore, because the best is yet to come! “, says the CEO of Sopharma Trading Dimitar Dimitrov.