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.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- While you were sleeping: Records before Trump speech
- Bill English: Drug abuse preventing young Kiwis from working
- Record number of Kiwi small companies expecting to grow, survey shows
- Spark partners with Netflix to boost flagging broadband share
- Editor's Insight: NZ improves economic freedom score, remains third in world
Most listened to
- CPA Australian head of policy Paul Drum says business likes political certainty
- Economically, the need is for more immigration. Politically, the pressure is for less
- Forsyth Barr analyst Mike Wyeth on Cavalier's make-or-break 2018
- Nevil Gibson reveals why New Zealand has improved its score as one of the world's freest economies
- Shortland Chambers barrister Jenny Cooper on the perils of insider trading