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Today’s issue of PD
Pharmacy Daily today
Qld’s new ownership bill SILK sale done
Wesfarmers’ wholly-
features two pages of news. The Queensland Government owned subsidiary, Australian
has introduced a Bill for a Pharmaceutical Industries,
contemporary Pharmacy Business on Wed announced the
Ownership Act in Parliament (PD
Satisfaction high Breaking News yesterday).
completed acquisition of SILK
Lasers, which will be folded
The Pharmacy Guild of Australia into the Wesfarmers Health
branch President Chris Owen division (PD 20 Apr).
(pictured) said the legislation has Shareholders of SILK
been the culmination of many years were paid $3.35 per share
of legislative consultation with its ($3.25 under the scheme
members and stakeholders. consideration, plus a 10c per
“This legislation has been a long share special dividend), a rise
time coming, and we are pleased from the $3.15 per share offer
The NAB Health Insights
that the Palaszczuk Government Wesfarmers made in Apr, The
Special Report (part one)
has committed to legislating a following this important legislation Australian has reported.
released this week showed
pharmacy regulatory council and for pharmacy business ownership. The revised offer values the
satisfaction with pharmacies
bringing Queensland in line with “Through our ongoing company at about $180m with
remains high at 8.2 points (out
other states and territories. relationship with the Queensland SILK last trading at $3.34.
of 10), albeit dipping from 8.5
“We will now take the time to Government, we will continue Hong Kong-listed EC
points a year ago.
review the Bill in further detail to dedicate our profession to Healthcare was reported to
Pharmacists are still among
and look forward to working with providing safe, affordable and have made a bid similar to
the most commonly visited
the Queensland Government on accessible healthcare for all Wesfarmers’ accepted bid in
health practitioners, however,
further progressing it in the new Queenslanders. May of this year.
this has dropped down to 61%,
year,” Owen added. “This legislation is important for SILK has more than 140
from 70% in the previous year.
Since 2018, when the Inquiry the Queensland community as clinics across Australia and
Noticeably, women visit
Report into the establishment of it strengthens the integrity and New Zealand and offers
pharmacies more than men
a pharmacy council and transfer transparency of the profession, cosmetic services such as laser
(67% women vs 54% men).
of pharmacy ownership in ensuring patients can continue hair removal, fat reduction and
During a time when cost of
Queensland was tabled, the Guild to rely on their local community cosmetic injections.
living pressures are impacting
stated it has worked closely with pharmacists to access a wide Wesfarmers Health Managing
households, pharmacists
the Queensland Government to range of healthcare services and Director Emily Amos said,
came in as the second most
ensure they remain committed to medicines,” Owen concluded. JG “through this acquisition, we
affordable practitioner, at 7.6
points (out of 10), with public are looking to build a leading
hospitals coming in at most medical aesthetics operator in
Potential contamination of saline products Australia and New Zealand”.
affordable at 8.3 points.
Younger Australians (those THe TGA is alerting pharmacists investigate the possible role of “We see strong operational
aged 18-34) were more likely that there are a number of therapeutic goods. and cultural alignment
to switch their pharmacies (at Ralstonia pickettii cases in On 24 Nov, the TGA stated it between our businesses
10%) than older Australians patients across multiple states has taken the precautionary and look forward to working
(4% for those aged 35-44 and and territories. measure of initiating a with the SILK team and SILK’s
55-64 and 3% for those 45-54), The national regulatory nationwide quarantine for some joint venture and franchisee
said Dean Pearson (pictured), authority stated it is working Interpharma saline products partners to support their
NAB’s Head of Behaviour and closely with state and territory to minimise possible risk to customers and deliver
Industry Economics. health departments to Australian patients. continued growth.”
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