Bastide sells its e-commerce subsidiary Distrimed to the Hygie31 pharmacy network

(AOF) – The Bastide Group announces today the sale of its subsidiary Distrimed to the Hygie31 group, specialized in consulting and support for health networks, majority owned by the investment fund Latour Capital and Bpifrance. Hygie31 brings together 1,060 member pharmacies, including the network of pharmacies under the Pharmacie Lafayette brand. A 70%-owned subsidiary of the Bastide Group, the company Distrimed specializes in the online sale of medical devices intended for healthcare professionals. For the 2022-2023 financial year, Distrimed achieved a turnover of 13.3 million euros.

Bastide underlines that this operation fits perfectly into the group’s strategy which aims to focus its human and financial resources on “the development in France and internationally of its recurring activities with higher added value, such as respiratory assistance or infusion nutrition”.
Carried out in cash, this operation will generate for the Bastide Group a capital gain on the 2023-2024 net income while contributing to the reduction of net financial debt. Bastide “will continue to study possible disposals of assets which no longer meet its strategy”.

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