Fair and Reasonable to Shareholders
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Concluded that the merger is fair and reasonable to TWG shareholde The ONLY Australian Made 5-Star Fish Oil
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Advantages - operational control, scale, more competitive, synergies larger entity, gearing, cash & positioned better for IPO Monday 24 Oct 2016 less PHARMACYDAILY.COM.AU Use only as directed. Always read the label. * This statement was correct at time of production.
MyChemist tops EBOS $18m for TWC stake satisfaction • Disadvantages – integration risk, dilution, tax risk if the ATO ratings took a Board seeks member
The Pharmacy Board of Australia has issued a call for applications for appointment to the Board as a community member. All appointments are made by the Australian Health Workforce Ministerial Council, under the Health Practitioner Regulation National Law, which is in force in each state and territory. Applications close on Mon 28 Nov, with appointments made for up to three years as decided by the Ministerial Council. See of pharmacyboard.gov.au. * Value shares as determined
Shareholders in Terry White At the same time Terry White My Chemist and Chemist Group Limited have approved the Group will return $13 million of Warehouse have once again come company’s merger with Chemmart capital to existing shareholders out on top of the monthly customer (PD 04 Aug) at an extraordinary “from its own cash reserves and satisfaction ratings collated by Roy general meeting held last Fri. borrowings,” with this part of the Morgan research. The vote was almost unanimous, transaction structured as an “equal The Aug figures, which are based with shareholders representing access capital reduction of $0.984 on a rolling annual survey of about 99.98% of TWC shares voting in per share”. 8,500 consumers, gave My Chemist favour of the deal. An independent expert report a 91% satisfaction rating, the same A presentation during the commissioned as part of the deal as the prior month (PD 08 Sep). meeting also for the first time made has concluded that the merger Chemist Warehouse was in second public details of the deal, which is fair and reasonable to TWG place, followed by Soul Pattinson, will merge Chemmart into TWG shareholders - and notes that the with Priceline Pharmacy coming “one of Australia’s largeston a merged entity is better positioned bycreating the Independent Expert capitalisation of maintainable earnings basis. Shareholders fourth and Terry White in fifth spot. retail pharmacy networks with for a possible public share offering. should note that the Company’s shares are not listed on a stock exchange and there is no established secondary market. The approximately 500 pharmacies and The report estimates TWG shares Ley cites pharmacists value of the share may not be reflective thethe share may sold. $2 billionofinthe retailamount turnover”.for whichafter merger willbe be worth Monash manufactures Health Minister Sussan Ley has Monash University is to lead outlined her vision for the future of the development of a worldAustralian general practice, and the class Medicines Manufacturing role pharmacists might play in it. Innovation Centre (MMIC), as part In a parliamentary speech of the Victorian Government’s last Tue Ley told the House of Future Industries initiative, Representatives she was constantly 225 of those stores come $3.94 each after the 98c capital according to an announcement this being approached by younger from the Terry White Chemists reduction, on a “capitalisation of morning. doctors who want to trial some and Chemplus brands, with a maintainable earnings basis”. The State Government will invest innovative methods of practice. turnover of about $1.1 billion and TWG chairman Terry White said $4m in the centre, Premier Daniel She said these “modern” GPs approximately 7% market share. “the size of this transaction is Andrews said. have told her “I’d like to have the Chemmart will contribute 268 unprecedented in our industry pharmacist more involved in my stores turning over about $900m, and will create a new force within general practice...where I live is a Phcy-led reviews tick with the combined group to have a Australian pharmacy. low socioeconomic area; I would “comprehensive national footprint” “Our vision is to become the pharmacist-led medication like to try having a pharmacist here and a 13% market share overall. leader in community pharmacy reviews have a positive impact every day, helping people manage The merger will see EBOS in Australia and customers’ first on drug-related readmissions and their medicines”. Group Limited sell the Chemmart choice for health and value,” he all-cause ED visits, according to Ley said this is the type of thing franchise business to TWG, as well told shareholders. a systematic review and metathat is “perfectly possible within the as investing $18 million in cash, With the approval of the deal, analysis involving 19 randomised Health Care Homes model” which in return for new shares in Terry the merger is now expected to controlled trials with 4,805 she contrasted with the current White Group, which will see EBOS be finalised on 31 Oct 2016, with patients. “very regimented, transaction end up with a 50.000002% stake in existing TWG shareholders to CLICK HERE to access the based Medicare system”. the company. receive their $13 million capital the British Journal of Clinical reduction payout on 21 Nov. Pharmacology paper.
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contrary view on the capital reduction
Midpoint Value of TWG shares post-merger $3.94* (including the $0.984 capital reduction)
Professional Officer, Pharmacy Registration Team
Oncology Pharmacists
Hospital based Pharmacies - Brisbane HPS have a number of Oncology Pharmacist positions available in Brisbane involved in clinical roles. Why not have a confidential conversation with us around our opportunities? We’d appreciate the opportunity to hear from you and discuss what you’re looking for in your oncology career. To initiate this, please email us at careers@hps.com.au HPS offers a range of employment benefits and competitive salaries, as well as career development opportunities.
Pharmacy Daily Monday 24th October 2016
AHPRA’s Brisbane office has an opportunity for an experienced, practitioner with strong problem solving, analytical and conceptual skills to join their Pharmacy Registration Team as a Professional Officer. This part time, temporary position will enable you to make a difference for the community as you work to ensure the practice and conduct of health professionals is of a high standard. This opportunity includes an attractive salary, genuine work life balance and flexible work arrangements, a collaborative and supportive team approach and positive work environment.
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