Two strong partners working together
Galenica and Redcare Pharmacy (formerly Shop Apotheke Europe) combine their strengths in a joint venture. The new joint venture company will become Switzerland’s leading online pharmacy. Customers will benefit from a comprehensive range of services from a single source.
Galenica and Redcare Pharmacy entered into a strategic partnership in May 2023. The two companies are combining the business activities of the specialty pharmacy Mediservice Ltd. and the online pharmacy shop-apotheke.ch in a joint venture. This combination creates Switzerland's leading online pharmacy. Redcare Pharmacy holds a 51% stake in the joint venture and Galenica 49%.
A leader in the European online pharmacy market
Redcare Pharmacy was founded in 2001 and has been serving customer needs in Switzerland since 2018 through its online shop shop-apotheke.ch. With around 2,200 employees and sales of CHF 1.2 billion, the company's other markets are Germany, Austria, France, Belgium, Italy and the Netherlands. This makes Redcare Pharmacy Europe's leading pure online pharmacy.
A joint venture with strong digital expertise
While Redcare Pharmacy brings its attractive online platform to the partnership, Galenica gives the joint venture access to the unique network within the Swiss healthcare market and Galenica’s specialised range of products and services. The joint venture boasts strong digital expertise and will be able to take advantage of growth opportunities in the Swiss market, particularly in the area of prescription medications. With this strategic step, Galenica is ensuring that its network is a leader in the online pharmacy sector and is able to offer customers the most comprehensive online product range in Switzerland.
Customers will benefit from a comprehensive range of health and beauty products as well as prescription medications and healthcare services.
Focus on omni-channel for Galenica's strong pharmacy brands
The joint venture will operate in the market independently of the Amavita, Sun Store and Coop Vitality online shops. As part of their omni-channel strategy, our strong pharmacy brands will focus even more on infrastructure and offerings in the future, while the joint venture will act as a pure online retailer. Galenica will explore and, where possible, exploit synergies in the areas of technology and logistics.
