Hygie31/Pharmacorp press release – 12 March 2022
Hygie31 announces an alliance with the Pharmacorp consortium, French leader in traditional local pharmacies
After its really positive 2021 results, Pharmacorp, French leader in traditional local pharmacies (400
member pharmacies, turnover of 600 million euro), announces a partnership with Hygie31,
specialized in advising and supporting healthcare and wellness chains (250 member pharmacies,
50 eyewear and optical product stores, 17 medical equipment stores, 2 e-over-the-counter
pharmacy, healthcare & beauty product sites, turnover of 1 billion euro in 2021). This strategic
alliance between the two Toulouse-based players sees Hygie31 take a stake in Gener+, the listing
centre for the Pharmacorp consortium. Its clear ambition is to become a leader in the French
healthcare sector, capable of exerting significant influence on the French pharmacy market.
For Laurent Filoche, Pharmacorp CEO
"I'm delighted with this new milestone that Pharmacorp has reached and the growth that the
alliance with Hygie31 is going to bring. Thanks to its expertise, we are going to be able to develop
new offers and services tailored to our current and future pharmacies, in particular by ramping up
our medical equipment part, a vital service for our patientss in suburban and rural areas, and a
growth driver for our members. We also intend to leverage its know-how to help young pharmacists
start up, by providing them with incentives. Last but not least, we're also counting on this
partnership to strengthen our volume procurement and to exert more influence in the healthcare
sector. This alliance, however, will in no way affect our independence or the values we uphold:
Pharmacorp secures its status as a consortium of independent pharmacists, dedicated to its
members and owned by them. I will remain Pharmacorp CEO and will continue to promote the
profession via my position as Chair of the French UDGPO (French union of consortia of dispensing
pharmacists).
For Hervé Jouves, Hygie31 CEO
"We have always intended to develop a real healthcare ecosystem and to become a key player in
the Healthcare and wellness sectors, in particular on the dispensing pharmacy market. To this end,
we have developed a range of over-the-counter pharmacy, healthcare & beauty product, eyewear &
optical product and medical equipment chains and e-commerce sites that perfectly complement
pharmacy business, and we are always on the lookout for acquisition-led opportunities to boost our
position. 2021 was an extremely beneficial year for the pharmacies and partners affiliated with
Hygie31, which ended the year with turnover of over a billion euro, which proves the relevance of
our concepts and the quality of our support. Thanks to this affiliation with Pharmacorp, we can pool
our resources and ensure that licensed pharmacists find the pharmacy model that is right for them
so they can benefit from ad hoc support, irrespective of their geographical location: rural, suburban,
urban, neighbourhood). Like this, we will strengthen our relationships with laboratories and continue
to improve business terms for our members and, at the same time, generate real efficiencies for our
partner laboratories."
About Pharmacorp
Pharmacorp, founded in 2012 from a consortium of pharmacies in Ariège that had already existed
for over 40 years, now brings together some 400 independent pharmacists across the country.
Mainly established in suburban and rural areas, it offers support to its members, thanks to its many
partnerships with the pharmaceutical industry, so they can improve their healthcare services,
economically and in terms of quality. In 2021, and with 100 new members, Pharmacorp reported
results of 600 million euro, up by 32% in relation to 2020.
