HBF has sold the Friendlies Pharmacy master franchise, under which 31 Western Australian pharmacies currently operate, to Pharmacy 777 and agreed to partner with the buyer to provide preventative health services to its members across the stores.
The state's biggest health insurer, HBF, has shrugged off a challenging market to grow revenue and break the 1 million mark for membership, as it continues to push outside its Western Australian home base.
SPECIAL REPORT: A small but growing Perth-based health insurance fund believes the market dominance of HBF is an unnatural position that can't last in an increasingly competitive market.
Health insurer HBF is on track to grow its newly acquired Friendlies Pharmacies network to 60 stores, after becoming the parent company to the pharmacy franchise in April.
