Farmacity grows in Uruguay: it bought 10 pharmacies and expands its business beyond the sale of medicines

With the aim of extending its offer of services and products related to health and well-being, four years ago, five stores that operated with the FarmaGlobal brand belonging to IBF Negocios, They joined the Farmacity network and adopted its name and format.

Now the chain acquired another 10 FarmaGlobal pharmacies as wellwhich are added to the five incorporated in 2022. In this way, will have a total of 15. When asked about this, she did not give details about the amount she paid.

“While they will continue to operate normally, Farmacity will implement a gradual remodeling plan that will transform these stores so that they adopt the format, aesthetics and experience of the brand. The new stores will be progressively integrated, with a comprehensive proposal of personal care products, beauty, medicines and the provision of health services,” the chain reported in a statement.

“This operation reinforces the company’s commitment with a sustainable expansion model, aimed at improving access to health and well-being in the communities where it is present,” he added. And he detailed that The team in Uruguay will go from 32 to 74 collaborators. In Argentina, it has more than 8,200 and is the largest employer of pharmacists in the country.

At the same time, he highlighted that the expansion in Uruguay opens a opportunity to enhance the development of Farmacity’s 13 own brandsintegrating them into the regional value chain.

Sebastian MirandaCEO of Farmacity, stated: “In the face of challenging environments, We strengthen our creative and operational capacity to identify new opportunities that allow us to expand our purpose: to facilitate access to health and well-being to new communities.”

In that way, Farmacity diversifies its offer and presenceselling multi-use personal care, beauty, fashion and home items in Argentina and Uruguay, as well as medicines, while growing with the healthy food firm with which it partnered in 2022 and integrated into its ecosystem, The Food Market.