We're delighted to learn that another application for a pharmacy to be included with the Pharmacy Access Scheme list has been approved by NHSE. ✅ Acting on behalf of an independent pharmacist in Surrey we managed to successfully argue that the closure of the nearest pharmacy coupled with an unsuitable route across open common [...]
It's been a very busy and successful month or so for us with sales transactions completing and various NHS contract applications being approved. A brief summary of these recent success stories are as follows: Pharmacy Sales South Manchester We recently completed the retirement sale of a long-established high dispensing community pharmacy in the Stockport area [...]
As many contractors are aware, one of the outcomes of the Covid-19 pandemic was that an ‘emergency declaration’ was made by the Secretary of State. This permitted the flexible provision of pharmacy opening hours and closures under the NHS Regulations and led to a significant number of pharmacies closing on a regular basis or reducing [...]
Our recent experience of banks’ appetite to lend in the pharmacy sector is the same as Christies discuss in their report published in Pharmacy Magazine. They remain positive about the sector and are keen to lend but are nervous about risk so it’s more important than ever for buyers to have access to a good [...]
#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, [...]
