Independent, locally Irish owned pharmacies Totalhealth Pharmacy and Haven Pharmacy have agreed to merge following the approval of members.
The deal will see 49 Haven and 78 Totalhealth pharmacies across the country come together.
Both groups are entirely member owned by individual, community-based pharmacists with a complementary geographical spread throughout Ireland.
The groups also provide supply chain management, marketing, and organisational and business administration supports to their pharmacy members.
The branding schemes for both groups will remain in place for up to two years to ensure ongoing continuity of awareness and service for patients, consumers and communities.
Haven and Totalhealth manage a supply chain value of €200m a year.
The current chair of Haven Pharmacy Group, Daragh Connolly, will be chair of the combined new group, while the Managing Director of Totalhealth, John Arnold, has been appointed as the new group's CEO.
Daragh Connolly said the benefits of co-operation have supported strong progress and resilience to date.
"We believe that the time is right to expand and widen that co-operation by joining together to create a stronger collective market presence, focused on the ongoing growth, development and sustainability of all our individual pharmacy members and based on our shared mission to meet the needs of our deeply valued patients, consumers and the local communities who we are proud to serve," Mr Connolly said.
Group CEO John Arnold said that Totalhealth and Haven are an excellent fit with a similar ethos, mission, values and culture, creating the largest Irish branded pharmacy group with a complementary geographical reach.
"Each group has great professional expertise and experience which will now be combined, supporting continuing innovation in service delivery for customers and enhanced care, choice and value for local communities," he added.
