Dr Max Starts Cityfarma Takeover


News: Private pharmacy chain Dr Max, which is owned by Czech private-equity firm Penta Investment , has started the takeover process of Cityfarma's pharmacy outlets in Slovakia, Central Europe Pharma News has reported. More than 40 pharmacies are being integrated with Dr Max, although the acquisition has not yet been completed Martin Danko, Penta's spokeperson, said. Penta did not start the acquisition after Cityfarma was declared bankrupt but approached Cityfarma's outlets which had been renting the locations for Citifarma establishments, said Danko.

This article is tagged to:
Sector: Pharmaceuticals & Healthcare
Geography: Czech Republic, Slovakia, Czech Republic, Poland, Slovakia, Slovakia