Medipharmacy Limited puts its 16 branches up for sale

The independent group’s 16 pharmacies, four of which are in health centres, are spread across south London and south England, property adviser Christie & Co – which is brokering the sale – told C+D.

Another four pharmacies, which operate under the Medipharmacy name but are privately-owned businesses, are not being sold, Christie & Co confirmed.

The average monthly dispensing volume in the 16 pharmacies ranges from 3,300 to 17,500 items, it continued.

The property adviser is inviting offers for one or more pharmacies, with the sale expected to generate “significant interest”, it said.

Christie & Co head of pharmacy Tony Evans said that interest in the region is “strong”, as “it’s a densely populated area” with “a lot of pharmacies”.

Mr Evans expects demand to come from owners of pharmacies near the 16 branches, as well as first-time buyers, who make up approximately 80% of Christie & Co’s applicant registry.

“We are in an environment of funding cuts, but there is still appetite in the market,” he added.

Christie & Co’s full information suite and data room for the sale can be found here.

C+D has contacted Medipharmacy for comment.

Read how Medipharmacy’s decision to install a dispensing robot was crowned C+D’s Business Initiative of the Year 2018.

Author: Lorraine Oliver