Contractor swaps 1 pharmacy for 3 nearby Midcounties Co-op branches

pharmacy buy sale midcounters cooperative 100-hour
Little London Midcounties Co-operative Pharmacy, Caldmore (credit: Christie & Co)

A pharmacist has swapped his 100-hour pharmacy for three standard-hours Midcounties Co-operative branches in the same town.

Idris Karimjee closed his White Pearl Pharmacy as “part of [a] deal” to buy three branches from the Midcounties Co-operative in the town of Caldmore in the West Midlands, according to Christie & Co, which brokered the deal.

Mr Karimjee “opened White Pearl Pharmacy in 2014, and successfully grew the business and its relationships with GPs, before strategically deciding to expand his portfolio with the acquisition of these three pharmacies”, Christie & Co said yesterday (February 15).

Christie & Co director Jonathan Board said: “Idris was very quick to see the opportunity for him in this locality.”

“Through running his 100-hour pharmacy, he had developed good relationships, but with the acquisition of these pharmacies, he will be able to operate three standard-hours pharmacies and migrate his existing items across from White Pearl to these new units, allowing him to reduce the large overheads often associated with running late-night pharmacies.”

The three branches – “Little London, Shelly’s (pictured above) and Brace Street (pictured below) Pharmacies” – provide “opportunities to grow income streams, despite a number of competing pharmacies nearby”, the brokers added.

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C A, Community pharmacist

I'm confused - those pictures seem to be the old Co-op pharmacies which became the Well multiple aren't they?

Owen Davies, Locum pharmacist

The pharmacies pictured are Midcounties Co-Op pharmacies; a multiple of around 30 pharmacies based in the Midlands. Midcounties Co-Op are a seperate organisation to National Co-op which sold their pharmacies to Well.

Z ZZzzzz, Information Technology

This demonstrates why all these 100-hour pharmacies should have their contracts forcibly removed. They insidiously steal scripts from a number of pharmacies nearby forcing this type of situation. I'm surprised this has not happened more frequently, although a 100-hour contract multiple branch would probably not bother. Just wait for one or two 40-hour pharmacies nearby to close and clean up with the volume of scripts presented.

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