The Competition Bureau announced today that it has reached an agreement with Neighbourly Pharmacy Inc. to resolve competition concerns related to its proposed acquisition of Rubicon Pharmacies in Western Canada.
The Bureau concluded that the proposed transaction would likely substantially lessen competition in the supply of pharmacy products and services in two towns in Saskatchewan - Kamsack and Shaunavon, as Neighbourly and Rubicon operate the only two pharmacies in these towns.
To resolve the Bureau's concerns, Neighbourly Pharmacy Inc. has agreed to sell one of the two pharmacies in each town.
The Competition Bureau's mandate is focused on maintaining and encouraging competition in Canada. Competition results in a number of benefits for Canadians, including lower prices, higher quality products and greater innovation.
