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Business confidence growing, small survey suggests

By News team

Confidence in the pharmacy market is improving, according to a small survey by law firm Charles Russell LLP. In the survey of 67 visitors to the Pharmacy Show last month (September 2013), a third of pharmacy owners (32 per cent) said they were less likely to sell their businesses than they were 18 months ago and 39 per cent of respondents said they were more likely to purchase a pharmacy than 18 months previously. Respondents included pharmacy owners, pharmacists, academics, professional advisers and bankers.

When asked about problems facing the sector, category M was top, with supply chain shortages and the failure by NHS England and local authorities to commission services also listed as concerns.

David Reissner, head of healthcare at Charles Russell LLP, said: “The multiple challenges facing pharmacies have no doubt contributed to the uncertainty that affects the community pharmacy market. However, the survey suggests that visitors to the Pharmacy Show are optimistic that their entrepreneurial skills will enable them to meet the many challenges they face.”

Citation: The Pharmaceutical Journal DOI: 10.1211/PJ.2013.11128498

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