Alliance of Pharmacy Chains

In Costa Rica, Farmacias Sucre agreed to purchase a percentage of the shares of Farmacias Santa Lucía, and plans to invest more than $2 million in strengthening both brands.

Friday, March 22, 2019

The business alliance, whose details of the percentage negotiated between the two companies were not disclosed, is pending approval by the Commission to Promote Competition (Coprocom).

You may be interested in "Pharmaceuticals: Imports up to September 2018"

Carlos Salas, commercial director of Farmacias Sucre, told Nacion.com that "... the alliance comes at a time when both chains share the vision of creating market value, protecting the patient from bad practices of changing prescriptions without consulting the doctor, as well as with the conviction of respecting and ensuring the existence of independent pharmacies."

Salas added that "... In making this alliance we intend to promote a common front in the face of the severe loss of value that has experienced the drug market, which at the same time threatens pharmaceutical care and patient service, now affected by formats that are purely dedicated to the sale of drugs and tactics of market concentration."

Also see "Participants in the Costa Rican pharmaceutical market"

The investments of $2 million expected to be executed will be focused on optimizing inventories, logistics, training and pharmaceutical care for both brands. Also, new sales points will be opened in San Francisco and Santa Barbara, in Heredia, and in San Ramon de Alajuela, all from Farmacias Santa Lucia.

In the case of Farmacias Sucre the plans are to launch three stores, which will be located in Multiplaza Curridabat, Multiplaza Escazú and Hospital Cima.

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More on this topic

Pharmacies: Chain Purchase with Good Results

December 2019

Since Farmacias Sucre acquired most of the shares of Farmacias Santa Lucía in Costa Rica, sales of the latter have increased by 70%, mainly because of investments made in inventory.

At the end of March, it was reported that Farmacias Sucre had agreed to buy a percentage of the shares of Farmacias Santa Lucía, and it was announced that it planned to invest more than $2 million in strengthening both brands.

Pharmacies: Business in a Few Hands

April 2019

In Costa Rica, 58% of the almost 500 points of sale operating under the chain scheme belong to three companies.

Figures from the College of Pharmacists of Costa Rica (Colfar) detail that 1,169 establishments dedicated to the sale of pharmaceutical products are reported throughout the country, of which 671 are independent businesses and 498 are points of sale of some chain of pharmacies.

Purchase of Pharmacy Chain in Costa Rica

August 2017

It has been reported that Inversiones Farmacéuticas Santa Lucía has acquired the 18 points of sale belonging to the Chavarría pharmacy group.

The Commission to Promote Competition (Coprocom) confirmed to Elfinancierocr.com that the buyer is "... Inversiones Farmaceúticas Santa Lucía S.A.

Fischel and Sucre Pharmacies Sign Business Alliance

March 2009

The accord allows them to have 140 outlets in total, exchange financial and marketing information and share inventories.

The Fischel brand and its network of pharmacies are owned by CEFA Corporation.

Arnaldo José Garnier, president of CEFA Corporation and Fischel and pharmacies informed Nacion.com: "The main objective of this union is to generate more sales, reduce costs, improve profitability and accelerate the opening of new outlets."

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