Click here to read the original CFNews article.
Hygie 31, leader in the pharmaceutical market, is continuing its development strategy and strengthening its presence in the local pharmacy market. The company is taking control of Magdaléon, a young Strasbourg-based player in the sector, which now has more than 100 pharmacies in eastern France, with combined sales of some €250 million. Joffe & Associés (Christophe Joffe, Camille Malbezin & Alexia Guyot) advised Hygie31 on this transaction.
Hygie31 is continuing its expansion by extending its territorial presence through the gradual acquisition of existing networks. Already established in the south-west following the purchase of 520 traditional pharmacies from Pharmacorp, and in the Hauts de France after taking control of 135 pharmacies from Pharmacyal (Elsker Group), the group is now extending its influence by acquiring a majority stake in Magdaléon. The deal was carried out in partnership with Magdaléon’s co-founders, Jean-Marc Gauche and Christian Zimmermann, as well as its managing director, Constant Kuder, and their six pharmacist partners.
Hervé Jouves, Chairman of Hygie31, comments in a press release: “Following the successful mergers with Pharmacorp (more than 520 traditional local pharmacies) and Pharmacyal (135 pharmacies in the Hauts de France region), this transaction with Magdaléon marks a new stage in the Hygie31 Group’s development policy, while preserving the identity and specificity of each network. Our approach aims to consolidate the market by supporting regional initiatives to guarantee optimum access to healthcare, whatever the area (urban, peri-urban, rural, neighbourhood)”.
At the same time, each pharmacy owner will benefit from new technological and digital services, personalised support thanks to new day-to-day management tools, and a wide range of training courses. In addition, this collaboration aims to strengthen the presence of pharmacists in the Magdaléon network in the field of medical equipment and home care, by offering privileged access to products distributed by Distrimed, recently acquired by the Hygie31 Group at the beginning of December.
