Exclusive: Corporate pharmacy disposals surge as firms offload underperforming assets

The pharmacy market in England has seen a significant transformation in recent years, driven by a trend of large-scale disposals by corporate operators.

Jonathan Board, Director – Pharmacy, Christie & Co, has told Pharmacy Business that several corporate operators are looking to sell off their marginal or
non-performing assets while independent operators are eager to acquire and enhance businesses further.

Due to their scale, corporate operators are compelled to adopt a ‘one size fits all’ approach.

However, Jonathan believes this puts them at a disadvantage compared to many independent operators who are better positioned to meet local patient and
community needs, delivering a more personalised approach to patient engagement, and a variety of other services

“As such, where corporate disposals have taken place, there has been a steady stream of independent operators eager to take over and develop the businesses
further,” he said.