News 190 Lloyds pharmacies earmarked for closure
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.”