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Who bought the 104 'commercially unviable' Lloydspharmacies? And why?

Who bought the 104 'commercially unviable' Lloydspharmacies? And why?

In October 2017, Lloydspharmacy’s parent company Celesio UK made the seismic announcement that it would cease trading in “around 190” pharmacies in England – which it deemed “commercially unviable” – through “a combination of store closures and divestments”.

At the time, chief executive Cormac Tobin – who has since left the company – cited “dramatic reimbursement cuts over the past 24 months”, as well as “changes to government policy and retrospective clawbacks” – as the main reason to let go of so many stores.

A C+D investigation over the following 12 months has revealed a total of 182 locations where Lloydspharmacy has ceased trading since its October 2017 announcement. Of these, 104 have found new owners, while 78 have closed permanently.

Who bought

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