The last couple of months have been a very busy time for PSC with successful transactions across the range of services that we offer. Read a brief summary of these success stories here:
Acting on behalf of a major multiple we recently negotiated the sale of two ’40 hour’ NHS contracts. These contracts were then successfully relocated to existing 100 hour pharmacies allowing the purchasers to reduce their hours and improve the profitability of their business.
Acting on behalf of a medium size multiple group we successfully achieved a relocation of their pharmacy to a building adjacent to a busy health centre following an oral hearing. The relocation is expected to take place within the next 3 months.
PSC have successfully achieved approval for the relocation of an existing independent pharmacy to a much better trading location where our client already owned a suitable freehold property.
Acting on behalf of a local multiple we have successfully achieved consent for relocation of one of their pharmacies from a town centre location to a large recently constructed health centre on the edge of the town.
Change of Ownership Applications
Over the last few months we have successfully assisted several clients with the change of ownership applications that are required when purchasing a pharmacies as assets rather than limited companies.
PSC have successfully achieved approval for the relocation of an independent pharmacist whose existing premises are due to be demolished in the near future. This relocation was achieved, somewhat unusually, without any appeals from local contractors.
Acting on behalf of a major multiple we have successfully achieved a consolidation application allowing them to combine two of their local branches into a single pharmacy. Utilising changes to the NHS Regulations made in December 2016 they are protected from the risk of a new contract being approved to replace the one that closed.
In addition to all of the above cases we have also successfully assisted several clients in having contract applications by competing pharmacists refused. These applications would have adversely affected our clients business if they had been approved.