#PSC10YearsTrading Finally, we reach our tenth and latest year of trading and the end of our walk down memory lane. We’ve enjoyed looking back over our first 10 years and, after the doom and gloom of last year, it’s great to finish this review on a more upbeat note. Whilst the Covid pandemic hasn’t dominated [...]
#PSC10YearsTrading Unsurprisingly, our ninth year of trading was dominated by one thing – the Covid 19 pandemic. In common with every other aspect of our lives, the profession went though some seismic changes as a result of the pandemic, some of which were temporary and others which still affect contractors to this day. As the [...]
#PSC10YearsTrading Our eighth year of trading, 2019, saw the announcement of the 5 year community contractual framework (CPCF) settlement that remains in place to this day. This was particularly notable in that it was the first time a funding deal had been agreed that gave the profession some certainty over several years. The intention was [...]
#PSC10YearsTrading Our seventh year of trading was dominated by the ongoing fallout from the previous year’s funding cuts. In October 2017, Lloyds Pharmacy announced that they were planning to close or sell almost 200 branches in response to the funding pressures. Whilst it was becoming increasingly common for the multiple pharmacy groups to sell branches [...]
#PSC10YearsTrading Our sixth year of trading was a pivotal year for the sector. October 2016 saw the announcement of the detail behind the planned funding cuts. These amounted to £113m for the financial year ending March 2017 (a 4% reduction) with a further £95m cut announced for the following financial year. The situation was made [...]
#PSC10YearsTrading As we entered our fifth year, towards the end of 2015, a ‘chill wind’ was starting to blow through the sector. The message from the Department of Health was the need for substantial funding cuts as part of the government’s austerity measures and, in an open letter to the PSNC in December, Keith Ridge, [...]
#PSC10YearsTrading One of the biggest news stories in the sector during our fourth year of trading was the acquisition of 782 Co-Operative Pharmacy branches by the Bestway Group for a reported £620m. The group was re-branded as Well during the following year. This was the first sale of a non-wholesaler owned pharmacy chain for many [...]
#PSC10YearsTrading By our third year of trading, it seemed like some sort of stability was returning to the sector. The 2012/13 NHS Market Entry Regulations were starting to ‘bed in’ and we were embracing the various changes resulting in many successful applications on behalf of clients. The last few remaining new 100-hour pharmacies were opening [...]
