Alliance Unichem

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Alliance UniChem Plc (LSE: [AUN]) wholesales, distributes, and retails pharmaceutical, surgical, medical, and healthcare products throughout Europe. The Group serves pharmacies and other healthcare customers. Alliance UniChem's retail pharmacy division operates pharmacies in the United Kingdom, The Netherlands, Italy, Norway, and Switzerland.

The company is listed on the London Stock Exchange and is a member of the FTSE 100. In the year to 31 December 2005 it had turnover of £9,171.2 million. Profit before tax was £261.0 million and net profit was £197.3 million. The market capitalisation of the company was approximately £3.6bn in June 2006. It has a strong & consistent financial performance and is listed on the London Stock Exchange (FTSE 100).

It owns Alliance Pharmacy, which is a community chemist chain in the UK with just under 1,000 stores.

Contents

1 Overview
2 History
3 Stefano Pessina
4 Boots Merger
5 See also
6 External link

Overview

Alliance UniChem is a Europe-wide healthcare distribution group focused on one major commitment, to contribute to the improvement of the quality of health in all the communities it serves, served by approximately 33,000 employees involved in the development of its wide range of services and solutions.

Its core businesses are pharmaceutical wholesale and retail pharmacy. Over 100,000 pharmacies, hospitals and health centres benefit from the know-how of its dedicated teams and the quality and proximity of its distribution network, which includes 300 warehouses, each carrying up to 25,000 product lines for prompt, efficient delivery to the pharmacist.

With more than 1,200 pharmacies in the UK, Norway, The Netherlands and Italy, Alliance UniChem operates the third largest pharmacy network in Europe. It provides products, services and advice to millions of customers and patients.

Alliance UniChem delivers healthcare in more than 15 countries. Its profitable growth strategy is based on geographical expansion, innovation and performance enhancement.

It is committed to customer satisfaction, the development of its employees, achieving high returns for investors and establishing close partnerships with other key players in the healthcare sector-manufacturers, pharmacists, decision-makers and healthcare professionals.

The Group was formed in 1997, through the merger of UniChem PLC and Alliance Santè SA.

History

In November 1997, the Alliance UniChem Group was formed through the merger of Alliance Santè SA and UniChem PLC. This truly pan-European organisation became one of the largest pharmaceutical distributors in Europe, with the aim of improving the delivery of healthcare products and services to pharmacists and patients across Europe. The company is quoted on the London stock exchange.

Key dates since the Group's formation:

1998: Majority stake in Grupo Safa (Pharmaceutical Wholesale - Spain)

1999: Partnership with Galenica AG (Pharmaceutical Wholesale - Switzerland) Creation of Alliance Farmacie (Retail Pharmacy - Italy) Merger of Alliance Santè and UniChem's Portuguese subsidiaries to form Alliance UniChem Farmacêutica S.A (Pharmaceutical Wholesale - Portugal) Purchase of Plus s.r.o. (Ltd.) and Pragopharm s.r.o. (Pharmaceutical Wholesale - Czech Republic) Creation of the European Pharmacists Forum, sponsored by Alliance UniChem

2000: Acquisition of Interpharm (Pharmaceutical Wholesale - The Netherlands) Purchase of De Vier Vijzels (Retail Pharmacy - The Netherlands)

2001: Strategic partnership with Hedef Holding (Pharmaceutical Wholesale - Turkey) Development of Alliance Apotekene (Retail Pharmacy - Norway)

2002: Acquisition of Holtung (Pharmaceutical Wholesale - Norway) Alliance UniChem Plc enters the FTSE100 index (London Stock Exchange)

2003: Alliance UniChem obtains a 40% indirect stake in the Egyptian wholesaler UCP via Hedef The Alliance UniChem Group puts in place a matrix structure The Group launches the Almus brand for the marketing of manufacturers' generic products (UK) The Group launches the virtual pharmacy chain Alphega in France Our Retail Pharmacy network comprises over 800 pharmacies in the UK, 100 in Norway, 45 in The Netherlands and 28 in Italy

2004: Alliance UniChem increases its shareholding in Andreae-Noris Zahn AG ("ANZAG"), the third largest pharmaceutical wholesaler in Germany, from 10.99 to 29.99 per cent of the equity Development of the virtual pharmacy chain Alphega in Italy

2005: Alliance UniChem acquires 100% of Alloga (specialist healthcare logistics and pre-wholesaling) outside Switzerland The Group acquires Spanish pharmaceutical wholesaler Farmacen The UK retail pharmacy business is re-branded as "Alliance Pharmacy" (formerly "Moss Pharmacy") The Group enters the Northern Ireland pharmacy market through the acquisition of the market leader, Bairds Chemists. Alliance UniChem forms partnership with Portugal's national association of pharmacies, Associação Nacional das Farmácias.

Stefano Pessina

Stefano Pessina, the current executive deputy chairman of Alliance UniChem, founded Alleanza Salute Italia in 1977, which expanded to form Alliance Sante SA. When UniChem PLC and Alliance Sante merged in 1997/8, he was issued with 36% of the combined Alliance UniChem shares, through his investment company, Alliance Sante Prescription SA. After share issues due to acquisitions, he current holds 30.00% of Alliance UniChem, and will hold 14.94% (15%) of Alliance Boots, if the proposed merger between Boots and Alliance UniChem completes.

Boots Merger

On the 3rd of October 2005, it was formerly announced that the company would enter into a friendly merger with Boots plc, the UK's largest retail pharmacy chain. There are also rumours that private equity houses such as Permira would make an offer to buy out one or both companies.

The merger is expected to be completed on Monday, 31 July 2006.

External link

[Official site]