On the 19th of March 2018, Hungaropharma acquired a 100% stake in QB-Pharma. QB-Pharma is the first company that develops and operates cloud-based computer software in the pharmacy computer software market.
The Company was established in 2018 by carving out Quadro-Byte’s pharmacy business. Systems developed by QB-Pharma have provided a comprehensive and effective IT solutions for pharmacies and institutional care providers for 25 years. Following the transaction, QB-Pharma will continue its activities independently with the previous management and employees.
Hungaropharma is the largest pharmaceutical wholesaler in Hungary, with a 40% market share. The Company serves more than 2400 pharmacies and 140 hospitals and sells nearly 135 million boxes of medicines and medicinal products annually. By acquiring QB-Pharma, a major player in the industry, Hungaropharma entered a new sector of the pharmaceutical industry, which will allow them to expand the services they offer to pharmacies. At the same time it will ensure they remain competitive, as a capital-intensive professional investor, in the pharmacy system market.
Concorde MB Partners served as the exclusive financial advisor for Hungaropharma throughout the transaction, including the QB-Pharma – Quadro-Byte carve-out.