Northpharm
Pharmacy and medicines supply across remote northern Australia
At a glance
The business
Northpharm is an institutional pharmacy group supplying medicines and pharmacy services in Australia to the hospital market and remote communities across northern Australia. Founded in the Northern Territory in 2000, it runs community and hospital pharmacies in the Territory, Western Australia and Queensland, and supplies Aboriginal and Torres Strait Islander health services.
The group’s mission is to deliver high-quality, affordable, and accessible health care and pharmacy services to regional and remote communities across Australia, closing the gap by reaching further, to places, people, and standards that others do not. Because distance should never be the difference.
Why Fortitude partnered.
The same frame guides every investment: good people, building a good business, in a good market. For Northpharm, that means:
01 Good people
An executive team led by the founder and experienced pharmacy and corporate executives alongside an experienced board.
02 Good business
Regulated supply arrangements, scarce pharmacy approvals in remote locations, and a services layer that clinics cannot easily replicate.
03 Good markets
Structural demand from chronic disease in remote communities and Closing the Gap commitments, in a market where remote pharmacy workforce is the binding constraint.
How we work together.
Fortitude and management have invested in geographic expansion, brand consolidation and board capability.
Capital
Funding to help support acquire pharmacies in Western Australia and Queensland, and to build a medication packing facility in Darwin.
Strategy focus
Addressable market expansion into hospital services as well as deal experience to acquire remote pharmacies to broaden the reach.
People and governance
Recruited a Chief Executive and an independent chair, and added directors with health service and Aboriginal and Torres Strait Islander health experience.
Could this be your next chapter?
If you are a founder weighing up a partner, see what the journey looks like, or start a conversation, in confidence and with no obligation.