Pharmaceutical Company Changes Hands in Costa Rica

The Cuestamoras group has announced the purchase of a majority in the Cefa-Fischel corporation, which operates a chain of pharmacies present in Costa Rica and Nicaragua, in addition to laboratories and other drug distributors.

Tuesday, June 2, 2015

The purchase request was filed with the Commission to Promote Competition by Cuestamoras on May 8, and is subject to approval. The Cefa-Fishel corporation operates 73 pharmacies in Costa Rica and hopes to close the year with 8 more branches.

Elfinancierocr.com reports that "... Cuestamoras' acquisition involves the companies Cefa Central Pharmaceutical, Farmacias Eos, Nueva Farmacia Fischel, Laboratorios Internacionales Labin, Cefa Corporation Nicaragua, all of these wholesale distributors and retail of medicines and other products. "

"... Negotiations are closed between the multibusiness company founded with Costa Rican capital and the Uribe family (former owners of the supermarket chain Supermercados Unidos) and the distributor Cefa and its pharmacy chain Fischel. Manuel Zuniga, Cuestamoras' CEO, noted that "... 'With this agreement, the strategic discipline and business culture of Cuestamoras will be combined with the industry knowledge of the founding family in order to offer customers the best shopping experience.'"



More on this topic

Costa Rica: Pharmacy Chain Changes Hands

February 2017

The owner of Farmacias Fischel has announced the acquisition of 100% of the pharmacy chain La Bomba, in a transaction whose amount was not disclosed.

Grupo Cuestamoras, owner of the Fischel drugstore chain bought the pharmacy chain La Bomba, in a transaction that is still subject to approval by the Commission for the Promotion of Competition.

Growing Pharmaceutical Market in Costa Rica

July 2015

In the last five years 63 new pharmacies and retail outlets began operating, reaching a turnover of $402 million in 2014, 70% more than in 2009.

In a market where large chain pharmacies are operating, sales have been growing steadily in recent years, reaching a turnover in 2014, of $402 million, according to data from Euromonitor.

The Pharmaceutical Market Shake Up in Costa Rica

May 2013

New distributors, more chain pharmacies and new alliances are examples of the dynamism in the sector.  

One example is the newly founded company KPO Alpha, dedicated to distribution, which has found an interesting market opportunity: independent pharmacies, a business where the partners Leonardo and Maria Acuna, together with their team cater to around 260 shops.

Winners and Losers in Drug Store Wars

July 2012

Corporation Cefa-Fischel is gaining more and more of the market share in Costa Rica, with tactics that are being denounced as anti-competitive business practices.

An article by César Quirós Brenes in Elfinancierocr.com reports on up to what point Cefa-Fischel Corporation has reached in the drug retail sector in Costa Rica: "Of the 950 active pharmacies as of 15 June, 67 (7% of total) are Fischel stores.

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Girasol Pharma S.A.

Organization that operates in Panama, Panama, Costa Rica, Honduras, El Salvador, Nicaragua and Guatemala.
Phone: (507) 65456121

Girasol Pharma is a school of clinical pharmacist contracted for Santos de Rey Medical Group, where it participates in the activities of direct attention to the patient in the management of pharmacological therapy, geriatrics and anticoagulation clinics.

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