Syfa Thessalonikis

What Syfa Thessalonikis does

Syfa Thessalonikis (legal name: ΣΥ.ΦΑ. Θεσσαλονίκης - Όμιλος Επιχειρήσεων) is a cooperative of pharmacists founded in 1936 and headquartered in Thermi, Thessaloniki, Greece. It operates as a business group comprising the central cooperative warehouse (ΣΥ.ΦΑ. ΘΕΣΣΑΛΟΝΙΚΗΣ Σ.Π.Ε.), a second ultra-modern pharmaceutical warehouse (Σ.ΕΛ.ΦΑΡ. Α.Ε.) in Oraiokastro, and a services subsidiary (PHARMASSISTANCE A.E.). The cooperative distributes pharmaceutical products and private-label SYFALINE goods (Bentholia, VitaSper, VitaAction, EyeCare, Nasal Care, Simply Green, Orthopedics, Yes or No, mosquito repellents) to 1,000+ member pharmacies across Greece, claiming to rank among the 50 largest enterprises in Greece and to operate one of the most modern pharmaceutical warehouses in Europe.

Core operations run on 25,400 sq.m. of warehouse space in Thermi plus the Oraiokastro facility, with temperature-controlled storage (+2°C to +8°C) monitored via an SMS-based Temperature Management & Information System, and capacity for up to 60,000 order lines across six daily delivery itineraries. Member-facing digital tools include the SY.FA e-order automated purchasing system, the SY.FA Hotspot promotion platform, the efimeries-online.gr on-call pharmacy/hospital finder (web, Android, iOS), and the SYFALearning continuing-education seminar program co-organized with pharma vendors. The group holds ISO 9001, ISO 13485, and ISO 27001 certifications via TUV HELLAS.

The revenue model combines pharmaceutical distribution margins on third-party products, sale of cooperative private-label SYFALINE goods (described as one-time-license pricing), and member services including credit lines, invoice discounts, and year-end dividend distributions from cooperative earnings — effectively a transaction-fee model augmented by member-shareholder economics. The go-to-market is exclusively the member pharmacy network, supported by annual Pharmapoint and Syfathess conferences, SYFALearning seminars, a website/newsletter, Facebook/Instagram/YouTube presence, and SYFAClubs cultural-engagement activities. Ownership is entirely member-based; no external private equity, venture capital, or parent company is referenced.

Name

Syfa Thessalonikis

Legal name

ΣΥ.ΦΑ. Θεσσαλονίκης - Όμιλος Επιχειρήσεων

Website

https://syfathess.gr

Company type

Private

Founded year

1936

Operating status

Operating

Headcount range

101–250 employees

Short description

Syfa Thessalonikis is a Greek cooperative of pharmacists, founded in 1936 and headquartered in Thessaloniki, that distributes pharmaceutical products and the SYFALINE private-label range to its 1,000+ member pharmacies through two modern warehouses totaling 25,400 sq.m.

Ownership category

akta.pro rank

Headquarters

HQ city

Thessaloníki

HQ country

Greece

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure

Revenue model

1. Pharmaceutical Distribution: Distribution of pharmaceutical products to 1000+ member pharmacist-owned pharmacies across Greece. Revenue generated through product distribution margins and bulk purchasing power for members.
2. Private Label Products (SYFALINE): Sale of cooperative-branded cosmetic and medical products including Bentholia, VitaSper, VitaAction, Syfaline, Simply Green, Yes or No, EyeCare, Nasal Care, and Orthopedics. Distributed through member pharmacy network.
3. Member Services & Dividends: Provides services including credit lines, discounts on invoices, and distributes dividends to shareholders from cooperative earnings at year end.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Syfa Thessalonikis is a cooperative of pharmacists founded in 1936 that operates as a pharmaceutical wholesale distributor, supplying medicines and healthcare products to more than 1,000 member pharmacies across Greece. It additionally sells its own SYFALINE private-label brand and provides digital member services such as e-order, temperature monitoring, and SYFA Learning.

Product overview

Syfa Thessalonikis is a cooperative pharmacy warehouse operating as a business group comprising three entities: the central cooperative pharmacy warehouse SY.FA. THESSALONIKIS S.P.E., the modern pharmaceutical warehouse S.E.L.F.A.R. S.A. in Oraiokastro, and PHARMASSISTANCE S.A. providing support services. The group offers a portfolio of private label healthcare products under the SYFALINE brand umbrella, including Bentholia cosmetics (body, face, sun care), VitaSper joint supplements, Vita Action pain relief gels, Yes or No pregnancy tests, Nasal Care saline solutions, EyeCare ophthalmic products, Simply Green laboratory products, mosquito repellents, and orthopedic products. Additionally, the group provides B2B services for member pharmacies including e-order automation, temperature monitoring, on-call pharmacy listings, training seminars, and distribution logistics.

Differentiator

Problem solved

Functional benefit

Brands

• SYFALINE: Cooperative label brand for cosmetics and medical-technological products including Bentholia, Vita Action, VitaAction Gel, Syfaline mosquito repellents, VitaSper, Nasal Care, Yes or No, EyeCare, Simply Green, and Orthopedics. Products carry SYFA quality guarantee at affordable prices.
• Bentholia
• VitaSper
• SYFALearning
• SY.FA. Hotspot
• SY.FA e-order

Products and services

• SYFALINE private-label brand SYFALINE is the cooperative's own private-label range of personal care, hygiene, and consumer health products, distributed to member pharmacies under the Syfa Thessalonikis brand.
• Pharmaceutical wholesale distribution Core wholesale supply of pharmaceutical and healthcare products from the cooperative's warehouse to 1,000+ member pharmacies across Greece.
• SY.FA e-order Digital ordering platform that enables member pharmacies to place and manage wholesale orders with Syfa Thessalonikis.
• Temperature Management System Remote temperature monitoring service for member pharmacies, supporting cold-chain compliance and storage control of refrigerated pharmaceutical products.
• SYFA Learning Educational and training service offered by Syfa Thessalonikis to support member pharmacists' professional development.
• SY.FA Hotspot Digital/connectivity service offered to member pharmacies as part of Syfa's member service portfolio.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Danone-NutriciacoreStrategic or Co-development Partner · 17 June 2026Danone-Nutricia co-organized the 6th SYFALearning educational seminar on oncology nutrition and specialized dietary products in June 2026. The event was held at Porto Palace Hotel in Thessaloniki under the auspices of the Pharmaceutical Association of Thessaloniki. Nutricia is recognized for its international presence in clinical nutrition with products including Milupa, Neocate, Almiron, Nutricia, and Fortimel.
• Haleon HellascoreStrategic or Co-development Partner · 27 May 2026Haleon Hellas co-organized a SYFALearning seminar on pain management, nutrition, and the future of pharmacy-industry collaboration in the digital age. The event took place at Mediterranean Palace Hotel in Thessaloniki on May 27, 2026, under the auspices of the Pharmaceutical Association of Thessaloniki. Topics included Panadol Maximum, Centrum multivitamins, and the new Haleon Agora B2B platform.
• Pharmassistance A.E.minorStrategic or Co-development PartnerPharmassistance A.E. is a subsidiary service company of the SY.FA. Thessaloniki Group providing cleaning services for pharmacies, IT support for pharmacy software and hardware, accounting services, and trip organization.
• Pharmaceutical Association of ThessalonikicoreStrategic or Co-development PartnerThe Pharmaceutical Association of Thessaloniki provides institutional support and auspices for SYFALearning educational seminars and other cooperative events.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Alliance Healthcare: Alliance Healthcare is the European pharmaceutical wholesale and distribution business of Walgreens Boots Alliance, serving pharmacies and manufacturers across multiple European markets. Comparable to SY.FA. in pharmaceutical wholesale function, though it operates at much larger scale and is part of a global pharmacy group.
• Cardinal Health: Cardinal Health is a major US-headquartered pharmaceutical and medical product distributor with global operations. Comparable to SY.FA. in the core activity of pharmaceutical wholesale distribution to retail pharmacies, though it operates across a much broader product portfolio and geography.
• Walgreens Boots Alliance: Walgreens Boots Alliance is a global pharmacy-led, health and wellbeing enterprise combining retail pharmacy chains with pharmaceutical wholesale (via Alliance Healthcare). Comparable to SY.FA. in serving independent pharmacy customers through wholesale, but it owns retail pharmacy assets and operates globally.
• McKesson Corporation: McKesson is the largest pharmaceutical distributor in North America with global operations including Europe via Celesio. Comparable to SY.FA. in core pharmaceutical distribution and supply chain function, though it operates globally at vastly larger scale.
• AmerisourceBergen: AmerisourceBergen is a global pharmaceutical distribution and related services provider with significant scale across the US and Europe. Comparable to SY.FA. as a peer in pharmaceutical wholesale, though it serves chain pharmacies, hospitals, and global manufacturers at much larger scale.
• PHOENIX Group: PHOENIX Group is one of the largest pharmaceutical wholesalers in Europe, operating across more than 27 countries including Greece. It is comparable to SY.FA. Thessalonikis as a pan-European pharma wholesale peer operating at much larger scale and serving both pharmacies and pre-wholesale customers.
• Celesio (McKesson Europe): Celesio operates European pharmaceutical wholesale and pharmacy retail under McKesson, with broad European coverage. It is comparable to SY.FA. as a pharma distribution peer but operates at continental scale with both wholesale and retail pharmacy assets, versus SY.FA.'s pure wholesale cooperative model.
• OCP (Office Commercial Pharmaceutique): OCP Répartition is one of the largest pharmaceutical wholesalers in France, distributing to community pharmacies nationwide. Comparable to SY.FA. Thessalonikis as a pharmaceutical wholesale peer serving community pharmacies, though it operates in France rather than Greece and at larger national scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/SyfaThess
• Instagraminstagram.com/syfathess

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Syfa Thessalonikis