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

Pharmacybrands 12-month price history (NZX.com)

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)


Got a question about this story? Leave it in Comments & Questions below.

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

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7226 0.0035 0.49%
AUD 0.9390 0.0013 0.14%
EUR 0.6797 -0.0016 -0.23%
GBP 0.5790 -0.0009 -0.16%
HKD 5.6084 0.0275 0.49%
JPY 80.8960 0.2590 0.32%

Commods

Commodity Price Change Time
Gold Index 1258.3 7.630 2017-02-24T00:
Oil Brent 56.3 -0.650 2017-02-24T00:
Oil Nymex 54.0 -0.500 2017-02-24T00:
Silver Index 18.3 0.220 2017-02-24T00:

Indices

Symbol Open High Last %
NZX 50 7065.6 7091.2 7058.6 0.29%
NASDAQ 5835.0 5859.6 5845.3 0.21%
DAX 11858.1 11860.8 11804.0 0.16%
DJI 20808.7 20848.6 20821.8 0.08%
FTSE 7243.7 7285.2 7243.7 0.13%
HKSE 23941.8 24067.7 23965.7 -0.17%
NI225 19130.5 19179.0 19283.5 -0.91%
ASX 5739.0 5743.5 5739.0 -0.26%