UAE: Modern Pharmaceutical, Thumbay Pharmacies sign "Groundbreaking" agreement
Modern Pharmaceutical LLC (MPC) and Thumbay Pharmacies of the Thumbay Group, in a joint press release announced an agreement that will authorise MPC to take over the management of all operations of Thumbay Pharmacies.
The two companies described the deal as "Groundbreaking and Market Changing Agreements" in UAE.
MPC is a leading healthcare distributor with a successful track record of more than 50 year of market presence representing top global players in pharma, health and consumer care.
Thumbay Group on the other hand is a diversified business conglomerate with operations across 20 sectors, including hospitals, clinics, and pharmacies in UAE and India.
"Two major players in the healthcare sector have agreed to join forces in the pharmacy business authorising MPC to take full operational control of all Thumbay Pharmacies with immediate effect," the press statement stated.
"Thumbay's vision 2021 was to put a stronger focus on the running of its hospital operations, while MPC had a concept offering to run operations for pharmacies as a one-stop-service. Under the innovative agreements, Thumbay will transfer the management and financial governance of its pharmacy estate to MPC’s Patient & Customer Division. Thumbay and MPC will then work together to provide an integrated approach to healthcare provision for Thumbay’s pharmacy customers in hospitals and community settings," it added.
"MPC's concept empowers healthcare organizations to focus on their core business while utilizing MPC’s service excellence, network, systems capabilities, and leadership support to manage and enhance their pharmacy operations benefiting also from MPC’s market presence. “Make medicine and healthcare services more accessible” the same vision and similar corporate values shared by MPC & Thumbay have been a great foundation to frame and seal the partnership. Thumbay pharmacies will be benefiting from MPC’s operational excellence, system applications, partner portfolio, logistics, product security, compliance & marketing to provide the best possible services to patients and pharmacy customers in the UAE. MPC under a fixed term management contract, will take over the entire operational control of all pharmacies while the ownership of the Pharmacy estate will remain with Thumbay Group," it further added.
About MPC:
A part of Albatha Holding, MPC Modern Pharmaceutical Company (LLC) was founded with one primary aim - becoming the leading healthcare distributor in the UAE. Hence, the organization invested in the best physical and digital infrastructure, automation, logistics, and people to guarantee all partners and customers the most advanced facilities and services possible. Over the last decades, the initial vision has become a successful UAE story. MPC is leading the market as the strongest healthcare distributor, providing pharmaceutical, medical, and healthcare products to more than 2,500 pharmacies, hospitals, institutions, retailers, and wholesalers representing global market leaders in the UAE. www.mpchealthcare.com / www.albatha.com
About Thumbay Pharmacies:
Thumbay Pharmacy is a well-known and trusted brand in retail pharmacy services within the UAE and part of Thumbay Group, a UAE-based diversified business conglomerate with operations across 20 sectors. The organization grew to be a well-established healthcare business with thousands of satisfied customers served by its team of committed healthcare professionals. Thumbay Pharmacies always aim to serve as a one-stop solution for all queries on medicines & associated products both in terms of availability and advice. www.thumbaypharmacy.com / www.thumbay.com
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Mercury plunges in Kashmir after brief respite, Shopian freezes at minus 6.4 deg C
Srinagar (PTI): Night temperatures in Kashmir dropped several degrees below the freezing point, even as a thick layer of fog engulfed parts of the valley, with Srinagar recording a low of minus 4.1 degrees Celsius, officials said on Saturday.
Shopian was the coldest recorded place in Jammu and Kashmir as the mercury there settled at a low of minus 6.4 degrees Celsius, they said.
The mercury had on Thursday night settled above the freezing point at most places in the valley, providing huge relief to the residents from the biting cold conditions.
However, temperatures dropped across Kashmir on Friday night, bringing back the freezing cold, the officials said.
On the Friday night, the minimum temperature in Srinagar -- the summer capital of Jammu and Kashmir -- settled at minus 4.1 degrees Celsius, a sharp drop from 0.4 degrees Celsius the previous night, the officials said.
The gateway town to the valley, Qazigund, recorded a low of minus 4.2 degrees Celsius, while the mercury settled at minus 3.5 degrees Celsius in north Kashmir's Kupwara, and minus 0.2 degrees Celsius in south Kashmir's Kokernag, the officials said.
Pahalgam recorded a low of minus 4.4 degrees Celsius, while Gulmarg lodged minus 2.6 degrees Celsius and Konibal town in Pulwama district recorded minus 5.2 degrees Celsius, they said.
The meteorological department said the weather would remain generally cloudy but dry on December 6-7, and a brief spell of light snowfall at isolated places in the higher reaches of north and central Kashmir is likely on December 8.
