HBF sells Friendlies pharmacy network to Pharmacy 777
HBF has sold its Friendlies pharmacy network to Pharmacy 777 as part of a deal which will see the private health insurer push its members to the combined WA chain.
The agreement for the sale of the Friendlies master franchise delivers 31 Friendlies pharmacies to 57-year-old Pharmacy 777, doubling its size.
HFB says the deal represents an “alliance” that combines the Pharmacy 777 and Friendlies Pharmacy networks under the Pharmacy 777 brand to expand the reach of preventative health services provided to HBF members in pharmacies”.
“Uniting the two pharmacy networks under the Pharmacy 777 brand will approximately double the number of pharmacies providing services such as free flu vaccinations and health checks to HBF members,” HBF said.
HBF chief executive John Van Der Wielen had been looking at the Friendlies investment for some time with the aim of gaining scale in pharmacies.
The groups said that after a transition period, Pharmacy 777 will be HBF’s exclusive provider of the preventative health services including flu vaccinations, health checks and weight management programs.