Ain, a major dispensing pharmacy chain, acquires Sakura Pharmacy for 59 billion yen to pursue scale expansion

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Ain Holdings said it will acquire Craft, the operator of Sakura Pharmacy, for about 59 billion yen. The combined pharmacy business would reach roughly 500 billion yen in sales and strengthen Ain’s scale in a more competitive market. Craft had previously gone through business revitalization procedures and was later bought by a private equity group. The deal comes as pharmacy and drugstore consolidation accelerates in Japan, including the planned integration of Welcia and Tsuruha.

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