A well-known pharmacy has changed hands for the first time in over two decades
Middleton Pharmacy, in Darlington, is a community pharmacy dispensing an average of 10,874 items per month. Christie and Co, a specialist business property adviser, facilitated the sale of the pharmacy, which is located in the village of Middleton St George, near a GP surgery.
The previous owners, Middleton Healthcare Limited—a consortium of three GPs—decided to sell the business as part of their retirement plans. The sale was conducted confidentially by Karl Clezy at Christie and Co and resulted in the acquisition by Chemix Group, an independent contractor with another pharmacy in Halifax.
Patrick Holmes, one of the former owners, said: “We are very happy with the outcome of handing over the business to new owners and keeping the business local. We are confident they will provide excellent care and service to the local community going forward.”
New directors of Chemix Group, Prashanth Takkallapally and Harendra Patel, were equally enthusiastic about the purchase, saying: “We are delighted to acquire Middleton Pharmacy and thank Karl for his time and expertise.”
They added: “I am local to the area and when I saw the opportunity, I knew this was the right pharmacy to add to our expanding group. We look forward to growing the business and implementing our plans to improve healthcare in the village”, reports Chronicle Live.
Karl Clezy, director at Christie and Co, commented: “We received significant interest in this pharmacy and managed to attract three offers within the first two weeks on the market. The buyers could see that the pharmacy had a lot of potential to improve its trading performance. I wish the sellers well with their retirement, and all the best to the new owners at Chemix Group.”
The sale price of Middleton Pharmacy was not disclosed.
Join Teesside Live’s WhatsApp community for top stories and breaking news sent directly to your phone
Teesside Live is now on WhatsApp and we want you to join our community.
Through the app, we’ll send you the latest breaking news, top stories, exclusives and much more straight to your phone.
To join our community group, you need to already have WhatsApp. All you need to do is click this link and select ‘Join Community’.
No one will be able to see who is signed up and no one can send messages except the Teesside Live team.
We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don’t like our community, you can check out any time you like.
To leave our community click on the name at the top of your screen and choose ‘Exit group’.
If you’re curious, you can read our Privacy Notice.
For the latest Darlington news direct to your inbox, go here to sign up to our free newsletter
This post was originally published on here
