Neuca to open its own medical facilities

Poland's largest pharmaceutical distributor Neuca plans to open its own chain of medical clinics, company's CEO Piotr Sucharski told Reuters. The company wants to spend $9 million to buy 20 outpatient clinics and is ready to spend even more. “Drug distribution is still our core activity, but we know ... that we have to expand in other areas to maintain our revenue and profit growth dynamics,” Sucharski said. Sucharski said the purchase of 20-30 clinics will in two years likely contribute PLN 20-30 million to Neuca's consolidated revenue, which reached PLN 5.8 billion last year. He expects the medical services business to bring double-digit margins, much higher than in drug distribution. The company is also interested in offering medical services online.