Pharmacy corporates’ $9 billion merger strikes fear into the guild’s heart

The combined group would have almost 1000 retail stores across Australia.
Sarah Simpkins

The Pharmacy Guild of Australia has sounded the alarm over a planned merger between Chemist Warehouse and Sigma Healthcare, which would see the pharmacy giants create an $8.8 billion company.

Sigma has launched a $400 million equity raise to fund its acquisition of Chemist Warehouse, which it plans to buy in exchange for shares and $700 million in cash.