2004
The investment company Atorka acquires Líf hf., which owned and operated the companies Thorarensen Lyf, Ísmed, Grócó, Heilsuverslun Íslands, A. Karlsson, Ilsanta, Lyfjadreifing and Ísfarm.
Icepharma is founded through the merger of Thorarensen Lyfja, Heilsuverslun Íslands and Ísfarm. Thorarensen Lyfja's medical and nursing product division is transferred to Ísmed. Formal operations begin on January 1, 2005.