EBO
22/06/2012 11:39
GENERAL
REL: 1139 HRS Ebos Group Limited
GENERAL: EBO: Minister of Health, Tony Ryall opens New EBOS Facility
MEDIA STATEMENT
Friday 22 June 2012
FOR IMMEDIATE RELEASE
MINISTER OF HEALTH, TONY RYALL OPENS NEW EBOS AUCKLAND FACILITY
New Zealand's largest medical and pharmaceutical supplies and healthcare
logistics provider, EBOS Group, yesterday had its new EBOS Healthcare
facility in Albany opened by Health Minister Tony Ryall.
The purpose-built, 3,700m2 office and distribution centre is the newest of
five large Auckland-based facilities.
With turnover of $1.5 billion and a total staff of over 1,000, EBOS and its
subsidiaries handle over half of the Healthcare supplies for the country.
Customers include public and private hospitals, primary care practitioners,
aged care facilities and retail pharmacy.
EBOS Group CEO Mark Waller said that rising healthcare costs in developed
economies provide exciting opportunities for companies that can provide
better-quality, lower-cost, healthcare products, and systems that allow those
products to be used more efficiently.
"All around the world, cash-strapped governments with ageing populations are
facing the same healthcare problem: how to get more for less," he said.
"We've been providing innovative solutions to this problem for years now."
"We're currently talking with the Government about how the logistics systems
we've established for DHBs in the upper North Island and Otago/Southland can
be rolled out nationally," Mr Waller said. "From that base, we see
opportunities to create an exportable business model."
EBOS has aspirations to become a $1 billion market capitalisation business,
up from $390 million today, providing a direct investment opportunity in
healthcare for all New Zealanders.
Having been listed since 1960, the company is confident it has the right
track record, technology, people and access to capital to achieve this goal.
Growth will come from Australia and beyond in both healthcare and
complimentary markets.
As part of its expansion plans, EBOS recently acquired the leading animal
healthcare business, Masterpet, for $105m plus debt.
Mr Waller stressed that a greater international focus will not affect EBOS'
presence in the New Zealand market.
"Since 1922, we've built up a special, interdependent relationship with the
New Zealand healthcare sector. In New Zealand, healthcare multinationals
tend to come and go based on market trends - EBOS is here to stay."
ENDS
For enquiries please contact:
Mark Waller
EBOS Group CEO/MD
[email protected]
(03) 339-5061
or
Dennis Doherty
EBOS CFO
[email protected]
(03) 339-5062
End CA:00224169 For:EBO Type:GENERAL Time:2012-06-22 11:39:01
