Norsk Medisinaldepot

Norsk Medisinaldepot AS

Company type	Subsidiary
Industry	Pharmacies
Founded	1957
Founder	Norwegian Ministry of Health and Care Services
Headquarters	Oslo, Norway
Area served	Norway
Products	Vitusapotek Ditt Apotek
Number of employees	3,000 (2021)
Parent	Mckesson
Subsidiaries	VitusApotek, Ditt Apotek

Norsk Medisinaldepot AS is a pharmaceutics and healthcare products wholesaler in Norway. It also operates the pharmacy chains Vitusapotek and the franchise chain Ditt Apotek. NMD is part of the McKesson group and has approximately 300 pharmacies in Norway. The company is based in Oslo.

History

NMD was created on November 1, 1957 as a government agency that functioned as pharmaceutical wholesaler throughout Norway. It took over this responsibility from five private companies. In 1992 the company bought Apotekernes Fællesindkjøp, previously owned by the pharmacies and that had imported and wholesaled medical equipment. In 1995 two competitors entered the market: Apokjeden (owned by Tamro) and Alliance Boots. Two years later the Storting decided to privatize NMD, and sold 17% to the Dutch Apothekers Coöperatie, and the state ownership was transferred from the Norwegian Ministry of Health and Care Services to the Norwegian Ministry of Trade and Industry. Also, the medical equipment subsidiary was sold to the Dutch company. In 1999 2% of the company was sold to 223 pharmacies throughout the country.

On March 1, 2001 the new Pharmacy Act was established, allowing free establishment of pharmacies in Norway. At the same time the state decided to not have any ownership in NMD, and sold its part, along with the rest of the owners, to Celesio. After the deregulation of market almost all pharmacies have been bought by the three wholesaler groups, and NMD created two subsidiaries, NMD Grossisthandel for wholesale and Vitusapotek to operate the pharmacies. In 2007 these were both merged with the mother company.