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SECONDARY SEGMENT
NON-CYCLICAL CONSUMER GOODS/ PHARMACEUTICALS
AMALGAMATED PHARMACEUTICALS LTD
www.ahcare.com
VALUE PROPOSITION
Amalgamated Pharmaceuticals Limited was formed in 1997 through the merger of five competing pharmaceutical wholesalers into the largest, black-owned, independent pharmaceutical wholesaler in the country. Amalgamated Pharmaceuticals is a public unlisted 100 percent black-owned and controlled company, and meets all Employment Equity targets among its 1 084 employees. It has approximately 900 shareholders, most of whom are black professionals (doctors and pharmacists). The company has a Level 4 ‘A’ BEE rating from Empowerdex. Amalgamated is a logistics and supply chain group that is focused on the procurement, re-packing, administration, warehousing and distribution of mainly generic medication, predominantly for use in the primary healthcare market. Institutional Pharmacy Management (Pty) Ltd (IPM), a subsidiary of Amalgamated Pharmaceuticals Ltd, was awarded a tender by the Western Cape Health Department for the procurement, warehousing and dispensing of medication for chronic conditions in 2005. The service started with fewer than 1 000 prescriptions per month, but has since grown to the dispensing and distributing of more than 150 000 prescriptions per month to 68 healthcare facilities in the Cape Town Metro District and West Coast. The most visible benefits to state patients are considerably shorter waiting hours (from six hours to 20 minutes) and the availability of drugs. The benefits to the Western Cape Health Department entail comprehensive management reports on, amongst others, drug usage, trends, costs, as well as patient satisfaction and improved utilisation of scarce resources. In addition, pharmacy staff experience a less pressurised working environment, with more time available for necessary patient counselling. The outsourcing of the dispensing and distribution of medicine for chronic conditions has been proven to be an affordable solution for the supply of medication timeously and safely to state patients in the Western Cape, thereby improving their quality of life.
BUSINESS & FINANCE Financial year-end: September Subsidiaries: Institutional Pharmacy Management Holding company: Amalgamated Health Care Limited Bank: First National Bank Accountants: Karolia Jeena Inc. Current customer base: Pharmacies, private hospitals, clinics, occupational health clinics, mine hospitals, dispensing doctors Key clients: the State
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VOLUME 11
“Amalgamated Pharmaceuticals is a public unlisted 100 percent blackowned and controlled company.”
SUHAIL GANI CEO
COMPANY INFORMATION STATISTICS/ DEMOGRAPHICS/ HISTORY Year founded: 1997 Founding members: Suhail Gani, Ahmed Vaid, Yusuf Khatree, Suliman Abed Employees: 1 084 Branches: Two – Johannesburg, Cape Town Trade affiliations: PSSA Memberships: Pharmaceutical Council
PROFILE
EMPOWERMENT STATUS SCORECARD Rating date
5 June 2009
Level 4 Contributor - 69.00 points Ownership
19.00
Management Control
15.00
Employment Equity
11.00
Skills Development
12.00
Preferential Procurement
12.00
Verified by:
Empowerdex
FAST FACTS 1. Provides logistics and distribution services for pharmaceuticals. 2. Offers patents, surgicals, disposables, equipment and instruments 3. Part of the medicine control council and good wholesale practice 4. Awarded the DOHWC innovation award on distribution of chronic medicine 5. Most recent contract is the Institutional Pharmaceutical Management (IPM)
CONTACT INFORMATION CEO: Suhail Gani COO: George Prinsloo Financial Director: Younus Karolia Marketing Director: Tirhani Mabunda Marketing & Communications Manager: Nosipho Pambuka Corporate Affairs Manager: S Abed Sales Manager: Mohamed Aslam Karodia Human Resources Manager: Dalroy Moon Non-Executive Chairman: Michael Nkuna Physical address: 30 Periet Street, Amalgam, Johannesburg Postal address: PO Box 1252, Crown Mines 2025 Telephone: +27 (0)11 309 2700 Fax: 086 608 5740 Email: pa2CEO@ahcare.com Website: www.ahcare.com www.impumelelo.net