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Avicenna has acquired 11 pharmacies from LPC Pharmaceuticals, bringing the total number of Avicenna-owned pharmacies to 19. The new pharmacies are sited mostly in Bedfordshire and Oxfordshire. Salim Jetha, Avicenna chief executive (pictured), said: €This acquisition is great news for independent pharmacists, a thousand of whom own the company.

The economies of scale will enable us to enhance our service offerings and provide a test-bed for the development of new services and initiatives for the entire membership.€ Following the retirement of David Gration earlier this year, the group has also announced the appointment of Ian Gray as chairman.

Mr Gray has experience in many sectors, including biotech, FMCG, healthcare, leisure, media, property and retail.