Pharmaco (NZ) Ltd expands with acquisition of MedXus and Crown Dental & Medical (MCD)

Pharmaco (NZ) Limited has started 2020 with the acquisition of MedXus and Crown Dental & Medical (MCD), a Christchurch based specialist in emergency and critical care, dental, veterinary and medical products across New Zealand.

The acquisition adds a significant number of key products to Pharmaco’s current portfolio and provides an opportunity to expand its healthcare sales, marketing and distribution business.

It also means Pharmaco entering the $1bn dental services sector that is predicted to grow over the next five years¹. The acquisition takes effect on 1st March 2020.

Chandra Selvadurai, Managing Director Pharmaco, says the announcement reveals Pharmaco’s appetite for expansion in the medical equipment and technology sector:

“Both companies have complementary and similar approaches, and operate in the same sectors but have different product ranges, making it a very good fit - this is an opportunity to develop and grow the access Kiwi healthcare professionals and their patients have to the best medical products in the world.

“We are proud and delighted about this announcement and its importance for our business and healthcare as a whole. We are especially excited about entering the dental market.”

Pharmaco has built a reputation as a highly professional New Zealand owned operator in the pharmaceutical, diagnostic, scientific and medical product sectors. In recent years it has grown the number of global partners it represents to over 20 and boosted its product portfolio to over 2,500.

In 2013, it acquired Frontier Medical, a specialist in emergency medical care and equipment supporting fire, ambulance, police, coast guard and defence, as well as hospital-based emergency care.

MedXus is a leader in anaesthesia, critical care and emergency medicine, as well as the dental, medical, veterinary, podiatry, pharmacy and physiotherapy sectors, after it acquired Crown Dental & Medical in 2008. It represents products and services from a number of key partner brands including: Ambu A/S and Stryker Emergency Care.

Founders of MedXus Gordon Dale and Ross Gunn started the business in 1999 and are delighted the company has a bright future in very good hands:

“We have always focused on bringing the best products and services to New Zealand to ensure healthcare professionals can provide the highest quality patient care. Pharmaco is cut from the same cloth and with new ownership we are looking forward to an exciting future continuing our good work.”

Chandra Selvadurai continues by saying together the two businesses will provide greater choice and services:

“Pharmaco excels at delivering the best healthcare products in the world to Kiwis and for the last 21 years MCD has been doing the same,” he says.

“This is a significant step for Pharmaco - both businesses have a shared belief that by using the very best technologies, educated minds and caring hearts we can make a difference to patient outcomes.”

Pharmaco will employ all MCD staff as of 1st March 2020 and integrate the business over the following few months, including maintaining operations out of Christchurch, under the Pharmaco (NZ) Ltd name.

Ends

1 - Dental Services in New Zealand - Market Research Report - https://www.ibisworld.com.au/industry-trends/nz-market-research-reports/health-care-social-assistance/dental-services.html

About Pharmaco

Pharmaco (NZ) Ltd is a New Zealand owned and operated company that was established in 1967. It provides a full range of sales and marketing services to over 20 international pharmaceutical, medical, diagnostic and scientific companies requiring representation in New Zealand and Australia, and a portfolio of over 2,500 products. Its service combines local knowledge with global expertise, to bring life-enhancing and life-saving products to this market, supported by warehousing, distribution, regulatory and administration services. Pharmaco is a leader in its field and an example of a company that has taken an entrepreneurial and innovative approach to serving the New Zealand public with vital healthcare products and services. The company’s Australian subsidiary, Pharmaco (Australia) Ltd, was established in 2005 and is based out of Sydney.

About MedXus

MedXus is a privately owned medical equipment company headquartered in Christchurch, New Zealand. Since its incorporation in 1999, it has provided the hospital and emergency service markets country wide with high quality medical devices and supplies, backed up by a team of frontline dedicated professionals in sales, customer service and technical support. It’s behind the scenes team is the engine room of MedXus, from finance to warehousing, marketing to purchasing, each team member brings a wealth of experience and commitment to their roles. Its portfolio of products and services span the areas of anaesthesia, critical care and emergency medicine and it represents some of the leading multinational brand names in these fields. It selects the products it represents carefully to meet internal standards on quality, serviceability and durability.

About Crown Dental & Medical Ltd

Crown Dental & Medical Ltd has been supplying New Zealand’s Dental, Medical and Veterinary professionals with a comprehensive range of quality hand instruments, small equipment, consumables, supplies and service since 1978. This makes Crown the longest serving continuous dental supplier in the country. Crown pride themselves on providing their customers with an efficient and professional service in a friendly and informative manner.