News 190 Lloyds phar­ma­cies ear­marked for clo­sure

Nuneaton Telegraph - - FRONT PAGE -

THE branches of Lloyds Phar­macy that have so far been ear­marked to be sold or closed have been re­vealed.

The chain’s Coven­try-based par­ent com­pany Ce­le­sio UK wants to sell or close al­most 200 Lloyds Phar­macy branches across the coun­try.

The com­pany, which is based in Saphire Court, at Wals­grave Tri­an­gle, re­vealed the news on Thurs­day, Oc­to­ber 26.

Ce­le­sio said it plans to close or sell 190 “com­mer­cially un­vi­able” branches across Eng­land.

The firm, which is be­lieved to em­ploy be­tween 800 and 900 peo­ple at its Coven­try HQ, op­er­ates more than 30 sites across Coven­try and War­wick­shire. So far none of the Coven­try and War­wick­shire branches of Lloyds Phar­macy have been ear­marked for clo­sure.

UK phar­macy trade web­site Chemist and Drug­gist (C+D) said Ce­le­sio has re­vealed eight phar­ma­cies it wants to sell or close.

C+D said two of those ear­marked for clo­sure are in south east Lon­don (Church Road and Port­land Road), along with an­other west Lon­don branch in Uxbridge Road.

A brace of Lon­don branches are up for sale, ac­cord­ing to C+D - at Gar­ratt Lane SW18 and on the Kings Road in Chelsea.

Three branches in Le­ices­ter are up for sale, ac­cord­ing to C+D - in Mal­abar Road, Ayle­stone Road and Swin­ford Av­enue, Glen Parva.

C+D said it did not yet know where the other 182 branches that could be sold or closed are.

Ce­le­sio has said it is sell­ing or clos­ing Lloyds Phar­macy branches due to changes in gov­ern­ment pol­icy.

It has con­firmed it is al­ready hav­ing dis­cus­sions with po­ten­tial buy­ers who have “ex­pressed an in­ter­est” in the branches it wants to off­load.

Ce­le­sio said the ac­tion was a re­sult of re­cent Depart­ment of Health and NHS Eng­land cuts to re­im­burse­ment pol­icy and in­creases in ret­ro­spec­tive claw­backs.

Cormac Tobin, for­mer manag­ing di­rec­tor of Ce­le­sio UK, who has left the com­pany since the Oc­to­ber an­nounce­ment, said: “Changes to gov­ern­ment pol­icy on re­im­burse­ment and ret­ro­spec­tive claw­backs over the past two years have grad­u­ally made op­er­a­tions at many Lloyds Phar­macy stores com­mer­cially un­vi­able.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.