JMW Vicary Limited, an independent, family owned group of pharmacies has just acquired Maple Leaf Pharmacy in Twickenham in a deal negotiated by Hutchings Consultants. The deal takes the number of pharmacy units under the JMW Vicary group to 5 with one more in the pipeline.
Scott Hayton, Director at Hutchings Consultants said;
“There is a lot of history that goes with this pharmacy sale, not just for the outgoing seller who grew up in the residence above the pharmacy, but also because there has been a pharmacy on the same site here since 1880. We’re delighted to have been able to assist the Rosenberg family in their sale which has been a complicated but rewarding deal to have seen come to fruition. We wish the Rosenberg’s the very best for their retirement and the future. It has been a pleasure to work with the family on this.”
The outgoing seller Mr Rosenberg said;
“The pharmacy was built and opened in 1880 under the name Peakes and was then taken over by a Mr Howells in 1930 and then my parents Paul and Doris Rosenberg in August 1965. I’ve been involved with the Pharmacy for just over 53 years since 1965! I used to work there after coming home from school.
My father unfortunately had Alzheimer’s start in the late 1980s so I took over running it, working blinking hard almost 7 days a week. In 1992, I extended the pharmacy making it 3 times larger. It took about 10 months and we didn’t close the shop, not even for one minute of normal opening times. Since 1992, we stayed open every day including Christmas from 9-9 during the week!
We’re very sad to see the pharmacy go but the time was right for us and we had to move on. Scott from Hutchings was there with us offering support at each step of the sale process, not just in finding a buyer for us but in all of the nitty gritty that came afterwards at the legal stage, including the change of ownership process. I really don’t think that this sale would have completed without Scott’s continued efforts, helping to co-ordinate with me, my bookkeeper, my buyer and both sets of lawyers and accountants, keeping everyone focused on what needed to be done. I’m looking forward now to life without all of the stresses of running a pharmacy!”
Yogesh Patel, owner of JMW Vicary added;
“We felt Hutchings were supportive in what transpired to be a very long and complicated transaction. Scott was instrumental towards the end in closing the deal. We persevered with the Maple Leaf transaction because of its location. The shop appealed to us at the first viewing but more importantly it was always going to be a valuable addition to the group, not least because of its proximity to Herbert & Shrive (another Pharmacy owned by JMW Vicary). Purchasing Maple Leaf now gives us a good presence in the area. We are still looking to grow and would be interested in anything that will be right for the group.”
The Rosenberg’s will continue to operate a space for healthcare professionals, ‘The Maple Leaf Clinic’ from above the pharmacy. This side of the business was started by Mr Rosenberg in 1989 with homeopathy and has grown since that time to include a wealth of holistic and beauty services alongside a private GP and cardiologist.
This complimentary business along with JMW Vicary’s strong experience in pharmaceutical services provision will continue to ensure that the Twickenham local community have at their disposal an excellent range of health and medical advice and pharmacy services all available under one roof.
We wish Yogesh and Neepa of JMW Vicary Ltd the very best of luck and success as they embark on this exciting new venture.