Rowlands announced last week (February 21) that it has put 70 of its pharmacies on the market – 69 in England and one in Wales – to focus on a “slightly smaller pharmacy network”.
C+D can reveal that the 70 pharmacies span from Bournemouth to Stockton-on-Tees, with the only Welsh branch for sale located in Carmarthen.
View C+D’s interactive map below to see the location of each of the 70 Rowlands pharmacies up for sale.
Eight of the branches are in the Bradford and Halifax areas, with another seven concentrated in Liverpool.
Twenty of the Rowlands pharmacies are located in GP surgeries or health centres.
Rowlands’ managing director Kenny Black told C+D the 70 pharmacies were selected for sale “on a matrix of parameters”, including “geographical location”, “evolution index of the area the pharmacy is located” in and the “nature of the lease tenures we have for the premises”.
The multiple is confident that the pharmacies up for sale “have the potential for future growth to meet emerging healthcare needs”.
“There is no question of redundancies” for the 522 affected staff, Mr Black exclusively told C+D last week.