(CercleFinance.com) – The Bastide Group announces today the sale of its subsidiary Distrimed to the Hygie31 group, a European player specializing in consulting and support for health networks.
The Hygie31 Group brings together 1,060 member pharmacies, including the network of pharmacies under the Pharmacie Lafayette brand.
A 70% subsidiary of the Bastide Group, Distrimed is a major player 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.
According to Bastide, ‘in view of the economic and commercial synergies with the activity of the company Hygie31, this operation constitutes a good alternative to allow Distrimed to continue its development’.
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.
The Bastide Group adds that it will continue to study possible disposals of assets which no longer meet its strategy.
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