The Bastide Group today announced the sale of its Distrimed subsidiary to the Hygie31 Group, a European player specializing in consulting and support for healthcare networks.

The Hygie31 Group federates 1,060 member pharmacies, including the Pharmacie Lafayette network of pharmacies.

A 70% subsidiary of the Bastide Group, Distrimed is a major player in online sales of medical devices for healthcare professionals. In the 2022-2023 financial year, Distrimed generated sales of €13.3 million.

According to Bastide, 'in view of the economic and commercial synergies with the Hygie31 business, this transaction represents a good alternative to enable Distrimed to pursue its development'.

Carried out in cash, this transaction will generate a capital gain for the Bastide Group on the sale of net income for 2023-2024, while contributing to the reduction of net financial debt.

The Bastide Group adds that it will continue to study possible disposals of assets that no longer fit its strategy.



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