Rubicon Pharmacies Canada has announced that it completed a merger with retail pharmacy platform Amenity Holdings.
The newly formed entity will be named Rubicon Pharmacies, and the company will own and operate more than 100 pharmacy stores located in Alberta, British Columbia, Manitoba and Saskatchewan provinces of Canada.
The daily operations of both companies will not be affected by the integration of the two companies while Rubicon CEO Michael Wright will lead the merged entity as CEO.
Wright said: “We are thrilled for the opportunity to bring together two companies with the same mission: A commitment to providing the highest quality experience for the people we serve with a focus on improving health.
“This transaction, backed by TorQuest Partners, creates an opportunity for pharmacy owners interested in selling to an independent group to join Rubicon’s vision of building a leading Canadian pharmacy organisation”.
Rubicon also appointed Dwayne Hoffman as chief development officer and Robert Gare will remain in his role as chief operating officer.
Amenity’s CFO Keith McMahon will serve as the CFO of Rubicon Pharmacies.
Amenity’s CEO Dalbir Bains said: “Rubicon’s scale, cutting-edge central fill and Long-term Care offering make the combined entity better positioned to execute on the key goal of improving patient outcomes.
“Amenity’s customers are in great hands with Rubicon’s patient relationship-based business model.”
Based in Canada, Rubicon currently operates 67 pharmacies in three provinces and Amenity operates 34 pharmacies in four provinces.
Both firms operate pharmacy stores under a number of independent retail banners.