LBX Pharmacy Proposed to Acquire Huairen Pharmacy

In the evening of March 6, LBX pharmacy released an announcement that it intends to acquire about 71.96% equity of Hunan Huiren pharmacy for RMB 1.64 billion yuan (USD $260 million). According to a relevant research report, Huairen pharmacy has more than 660 self-operated stores in Hunan and Guizhou, and is one of the most influential retail chain pharmacies in the western region of Hunan. After the completion of this transaction, the number of LBX pharmacy stores in Hunan Province is expected to exceed 3,000, making it the largest pharmacy chain in Hunan Province. At the same time, LBX pharmacy will further increase its procurement scale and reduce procurement costs. (Source: