SIG 3.93% $1.46 sigma healthcare limited

Ann: AXX: Sigma, Chemist Warehouse merger raises comp.concerns, page-16

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    Chemist Warehouse controls all of their pharmacists, and can replace them at will. They are defacto employees, through a deliberately convoluted set of contracts. HQ make the decisions.
    That data from competing pharmacies is worth a lot of dollars and creates a huge competitive edge.
    Still the regulators can be soft in the head and legalistic at times, rather than practical.
 
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