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|Sopharma Trading closed the acquisition of sole control over SCS Franchise and Sanita Franchisi
On October 1, 2020 Sopharma Trading Jsc announces closing the acquisition of sole control over the companies SCS Franchise Jsc. and Sanita Franchising Jsc. The news come after the Commission for Protection of Competition approved the deal at the end of July, ordering the immediate execution of the decision. A condition for its completion was the authorization by the General Meeting of Shareholders of Sopharma Trading Jsc., which took place on September 25, 2020. The conditions under which the shares of SCS Franchise Jsc. were acquired, are fully compliant with the decision of the General Meeting of Shareholders of Sopharma Trading Jsc.
As a result of the deals, Sopharma Trading Jsc. acquires over 150 pharmacy outlets throughout the country. The company intends to include the new pharmacies under the SOpharmacy brand.
The union of SОpharmacy, SCS Franchise Jsc. and Sanita Franchising Jsc. will develop the market position and ensure larger scale for the operations of Sopharma Trading Jsc. in the retail segment of the pharmacy market in Bulgaria.
The strategy for establishing a diversified business model preserves the leading position of Sopharma Trading Jsc in the pharma market for 13 years now. This way, in 2015, the company structured its own business unit for retail health services. The pharmacy concept under the brand of SOpharmacy offers a contemporary approach in serving the health needs of Bulgarian patients. To date, SOpharmacy has 63 outlets located in 11 cities across the country.
The pharmacy group united in SCS Franchise Jsc. and Sanita Franchising Jsc., on the other hand, has been operating on the Bulgarian pharmacy market for 13 years and unites in its concept over 150 outlets throughout the country. It is recognized as a reliable provider of healthcare service with high professional standards.