PSC have recently completed the sale of a large independent pharmacy located in Middlesbrough, Teeside. This was a complex transaction that used several elements of our unique range of services to secure a successful conclusion.
As well as securing the sale of the business to a large regional multiple group, PSC also acted for the seller in negotiating terms for a new lease at a medical centre that was planned for the area and in applying to NHS England for the relocation consent.
The original intention was to sell the pharmacy once the relocation to the new location had been approved. However, as the application process has taken many months to be decided, we were able to persuade the purchasers to complete the purchase of the pharmacy whilst awaiting the outcome of the relocation application.
We currently await the conclusion of that application and will be representing the new owners at an appeal authority oral hearing in the very near future.