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Headline

Pharmacy market still showing resilience despite cuts

Comment

I hope your readers realize that the last people to report the price of goodwill in pharmacies has gone down and hence it may not be a good time to buy or sell a community pharmacy are the transfer agents such as Tony Evans and Christies (thoughts of turkeys and Christmas come to mind) With such a massive cut in fees , large increases in business rates, and increases in other overheads profits over this and subsequent years must surely depress values otherwise we will see lots of new owners going bankrupt by the end of the decade because their profits may not be enough to service their debts. I remember those problems when we,pharmacy contractors, went through similar cut back in the second half of the last century when several small groups were hellbent on growing their branch numbers but which over the next decade saw them sell up under pressure from their lenders!!!!!! GERRY GREEN

Posted date

11 JUN 2017

Posted time

14:48

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