Northern pharmacy chain to sell 16 branches
A small chain of pharmacies in the North of England is selling off most of its estate after six years in business.
The Hub Pharmacy, which describes itself as a chain of 17 pharmacies on its website, has put 16 branches up for sale, property company Christie & Co announced today.
The company began in 2015 through a management buyout of MedicX Pharmacy Ltd, which consisted of nine pharmacies at that time, and has reached its current portfolio size “through a combination of single and group acquisitions” with clusters in Warrington, Halifax, Rochdale and Greater Manchester, said Christie & Co.
Most are either located within health centres or are close to GP surgeries.
The Hub Pharmacy is seeking interest on the entire chain, a subgroup or individual pharmacies “with most being sold by way of asset sales”.
Andrew Butterworth, financial director at The Hub Pharmacy, commented: “We established the business in 2015, starting from just nine sites. Six years later, we have created a portfolio of pharmacies with potential for further growth and are proud to be serving our local communities across the North of England.
“In bringing the pharmacies to market, we are looking for buyers to continue the development of the pharmacies, all of which provide excellent opportunity for growth.”
Tony Evans, head of pharmacy at Christie & Co, added: Occupying either health centre, health centre adjacent or prominent community positions, the pharmacies are part of one of the highest quality and well invested pharmacy estates in England and offer prospective purchasers the opportunity to acquire corporate-style pharmacies rarely available in the marketplace.
“With interest invited on a group, subgroup, or individual basis, we expect to generate early interest from independent contractors and multiple operators alike.”
Safely recommend the most effective laxative for every customer with constipation
Record my learning outcomes
Inspiring stories related to health, fitness and the pursuit of wellbeing
More like this
Contractors given 48 hours to act on Champix recall
Pfizer is recalling all in-date batches of Champix as a precautionary measure.
1 Min Article
We need transparency and profession-wide talk about hub and spoke
Pharmacist Ade Williams said hub and spoke could be “a death knell for independents.”
2 Min Article
GPhC to consult on rule changes to allow FtP hearings by videolink
The GPhC wants to make rule changes permanent after pandemic.
1 Min Article
Advising customers of a unique formulation for a blocked and runny nose from colds
Understand the differences between topical medication for nasal symptoms of the common cold, and topical medication for ongoing nasal problems
25 Min Module
Let's talk tech: Using technology to drive your business
This training offers insights into making the most of technology and the commercial opportunities this can offer your business.
8 Min Module
Relief from the nasal symptoms of allergy
With NHS England advising that OTC products should no longer be prescribed to treat mild-to-moderate hayfever, pharmacy’s role in supporting sufferers is more important than ever. This module includes self-care advice and product recommendations to aid customer conversations.
5 Min Module