Pharmacybrands is looking to buy Radius Pharmacy, which holds interests in 34 pharmacies and has annual revenues of $86 million.

While the underlying profits of its two businesses are steady the combined Life Pharmacy and Pharmacybrands entity has had to write off more than $3 million due to the merger.

In September Life Pharmacy completed a full takeover of Pharmacybrands shares after more than 90% of Pharmacybrands shareholders accepted its offer and sold their shares in exchange for Life Pharmacy shares.

In its first set of financial results since the merger the company reported under the name Life Pharmacy, but it will be changing its name to Pharmacybrands in the second half of the year.