BR Pharma wants to be more attractive

The Brazil Pharma, pharmaceutical retail business created by BTG, is undergoing restructuring is nothing new. The company brought two new executives: Álvaro Silveira Junior, who presided over the Drugstore Rosary, acquired by the company in 2010, for the Vice Presidency, and José Ricardo Mendes da Silva, former President of the Aché, to be the Chief Financial Officer of the company.
Both now have the mission to "clean up" for the future sale of the business, according to sources aware of the operation. American networks CVS and Walgreens and Ultra have arrived at the operations, but they didn't take the business forward.
Created in 2009, the company has made numerous acquisitions in recent years-began with the Northeast Network of Pharmacies (RNF), in May 2010, after it acquired other drugstore Pharmacy under the banner of the poor, strengthening in the Northeast. The consolidation was extended to Central-West, Southeast and North of the country. The network has 1,186 stores, with the flags Big Ben, Guararapes, Rosario, Sant'Ana and more economical, and franchises, with the brand name Farmais.
The thirst to grow, however, created a bottleneck. "The company needs to accommodate these acquisitions and fix the House to make it more attractive," said a source. The company's shares accumulate fall of 50.7% in the year.
Sources say that the invitation of Alvaro Jr. sparked jealousy among shareholders. Mendes Silva, who was responsible for the expansion of the Aché that pays fat dividends to shareholders (Depieri families, Syaulis and Baptista), should promote a shock in the financial area. It is worth remembering that the Depieri and Baptista also are minority shareholders of BR Pharma.