Pharmacybrands changes name as part of transformation into primary health services group

Pharmacybrands 12-month price history (NZX.com)

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Pharmacybrands, which this week took a half-stake in nursing and healthcare provider Total Care Health Services, will rename itself as Green Cross Health as it moves to transform into an integrated primary healthcare services firm.

The Auckland-based company has largely been seen as a retail pharmacy operating the Unichem, Amcal, Life Pharmacy, Radius and Care Chemist brands and running 28 medical centres. This week it bought a 50 percent share of Total Care Health, its first expansion into the primary health care sector.

"Renaming our business Green Cross Health will more accurately reflect our growth as a group and our move to become an integrated primary health services provider," Pharmacy chief executive Grant Bai said in a statement. "We believe we're in a strong position to lead and innovate in the health and wellness conversation."

The shares rose 1.6 percent to $1.25 yesterday, and are unchanged this year.

(BusinessDesk)


This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7592 0.0009 0.12%
AUD 0.9701 0.0018 0.19%
EUR 0.6982 0.0064 0.93%
GBP 0.5115 0.0017 0.33%
HKD 5.8877 0.0066 0.11%
JPY 90.5560 -0.0820 -0.09%

Commods

Commodity Price Change Time
Gold Index 1204.8 7.800 2015-03-26T00:
Oil Brent 59.2 2.710 2015-03-26T00:
Oil Nymex 51.4 2.220 2015-03-26T00:
Silver Index 17.1 0.130 2015-03-26T00:

Indices

Symbol Open High Last %
NZX 50 5833.2 5833.7 5833.2 -0.04%
NASDAQ 4835.7 4889.2 4876.5 -0.27%
DAX 11736.3 11849.4 11865.3 -0.18%
DJI 17716.3 17759.5 17718.5 -0.23%
FTSE 6991.0 6991.0 6991.0 -1.37%
HKSE 24442.5 24592.0 24528.2 -0.13%
NI225 19605.6 19623.1 19746.2 -1.39%