Hutchings Consultants Formally Instructed to Handle East of England Co-op Pharmacy Sale

Hutchings Consultants Ltd are delighted to announce that we have been formally instructed by the East of England Co-operative Society to bring to market their six Suffolk based pharmacies, three located in Ipswich and three further shops in Felixstowe, Stowmarket and Saxmundham. The pharmacies are being marketed ideally as a single group sale, however splitting the group may also be considered.

Nick Denny, Joint Chief Executive of the East of England Co-op said:

“We’ve appointed Hutchings Consultants Ltd to handle the sales process for us because they deal solely with pharmacies and have many years’ experience in the market. We are confident that they will find a buyer who will run these businesses for the benefit of our staff and communities.”

Luke Williams from Hutchings Consultants comments – “This is a fantastic opportunity for an experienced operator to gain a stronghold across Suffolk. All six pharmacies are well placed within the local communities offering potential for business development and operational streamlining. Despite the well documented remuneration cuts in England the pharmacy market is extremely buoyant and still regarded as a sellers’ market. This is due to insufficient pharmacies available to meet the high demand from purchasers.”

All enquiries about the East of England Co-operative Society pharmacies are to be directed to Luke Williams at Hutchings Consultants Ltd.

Contact details – [email protected] or 01494 722 224.

Posted in Blog on 17th May 2018

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