Running chemists inside hospitals is a lucrative business given the nature of care.
Cathie Reid and Stuart Giles will partner with Chemist Warehouse in this segment.
A legal rift led the duo to Chemist Warehouse to salvage their nine hospital pharmacy assets.
The wealthy couple who built cancer care giant Icon Group before selling it to private equity are partnering up with Chemist Warehouse for what they describe as a “game changer” idea to operate pharmacies inside Australia’s hospitals.
Cathie Reid and Stuart Giles – with a fortune of $550 million according to the Financial Review Rich List – say the new venture “has the potential to be the biggest thing we have done yet”.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
