From left: Dr. Kenji M. Asano, Jr., MOHS senior vice president and group chief financial officer; Remedios A. Rivera, Remed chairman and president; and Michael B. Hortaleza, MOHS chairman and chief executive officer and Jocelyn M. Aberin, Remed vice president for operations
In pursuit of its strategy of vertical integration of its flagship healthcare and wellness business, MOHS Analytics has acquired majority ownership of Remed Pharmaceuticals, Inc., a research and development driven company founded in 2002 by pharmaceutical industry pillar Remedios A. Rivera.
Remed owns established brands covering products in four different pharmaceutical categoriesโVitacare, Respicare, Pediacare and Gastrocare with over 20 brands in its portfolio. These products are distributed through some 4,500 outlets ย in major national and regional drugstores and pharmacy chains. ย Remed has grown to leadership position in some of the pharmaceutical categories it is present in, and it is poised to introduce 5 more brands in the coming months.
This acquisition follows MOHSโs purchase in early 2024 of a controlling stake in Zenfro Corporation, a distribution company with a strong and expanding network in South Greater Manila Area handling top food, beverage, home and personal care products.
The acquisitions are in line with MOHSโs 5-year road map to grow into one of the major fully integrated health and wellness companies in the Philippines.
MOHS got a jump start in business by being among the first to bring in affordable test kits and equipment at the start of the COVID-19 pandemic. With the decline of the COVID business, MOHS quickly pivoted to affordable point of care and home test kits for the early detection of diseases such as urinary tract infection, dengue and malaria. From this platform of and experience with affordable health care products, MOHS has diversified into other areas of health care, including healthcare software and technologies, and point of care innovative systems.
โVertical integration of our health care business allows MOHS to better control costs to make our products more affordable and our business more sustainable,โ says Michael B. Hortaleza, MOHSโs Chairman and CEO. โOur acquisitions this year follow our strategy of engaging in businesses that add value to Philippine society, by making a wide range of affordable health care products accessible to Filipinos nationwide. This is in line with the Philippine Governmentโs thrust of Universal Health Care and emphasis on primary and preventative health care.โ
โRemedโs strategic partnership with MOHS will enable synergies as the strengths of both companies complement each other,โ says Remedios A. Rivera, Remed Chairman and President. โRemed can tap MOHSโs distribution expertise in channels it is not currently accessing, while MOHS can tap Remedโs field marketing force to push its health and wellness products to medical professionals. Such a strong partnership will unlock significant growth for Remed both locally and globally.โ
โThe entry of MOHS into pharmaceuticals through Remed creates synergies from a strategic and financial viewpoint. With our professional operations and automated systems, we have the capability to fully realize these synergies,โ says MOHS SVP and Group CFO Dr. Kenji M. Asano, Jr.
For more information on Remed Pharmaceuticals, Inc., you can visit their website at https://remedpharmaph.com/.
