Apotek Hjärtat to divest care and nursing business

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Ica Group’s pharmacy chain Apotek Hjärtat has signed an agreement with ApoEx to sell its care and nursing business to ApoEx for 62 milllion SEK.

Apotek Hjärtat’s ”Vård och omsorg” business area had sales of approximately SEK 830 million in 2014.
and provides pharmaceuticals and related services to the healthcare sector in several regions and county councils as well as to a number of private healthcare providers.

The business area currently has agreements with eight of the 21 county councils/regions in Sweden. The business area also includes Apovet, with a strong position in the Swedish market for veterinary medicines.

The buyer, ApoEx, is Sweden’s largest privately owned supplier of pharmaceuticals to the healthcare sector and is active in the same areas.

“As part of ICA Gruppen, it is logical for Apotek Hjärtat to refine its pharmacy business towards the outpatient care market. By the same token, I am convinced that ApoEx will be a focused owner that continues to develop the business in the right direction,” comments Anders Nyberg, CEO of Apotek Hjärtat.

The deal is contingent upon approvals from the Competition Authority and the Medical Products Agency.