Group’s biggest-ever pharmacy acquisition

THE Co-operative Group has announced its biggest ever pharmacy deal, buying 51 outlets in the North of England and confirming its position as the UK&#039s third largest chain....

THE Co-operative Group has announced its biggest ever pharmacy deal, buying 51 outlets in the North of England and confirming its position as the UK&#039s third largest chain.

Bringing the Group&#039s total to 779 pharmacies, it is the first major acquisition following the summer merger of the Group and United Co-operatives and emphasises the expanded society&#039s ambitious expansion plans.

The Group has bought 51 pharmacies, and one non-dispensing outlet, from the PCT Healthcare Group. The branches – in Greater Manchester, Cheshire, Lancashire, Staffordshire, Derbyshire and South Yorkshire – currently trade as either Peak Pharmacy or Tims and Parker and have an annual turnover of around &#163 51million.

Co-operative Trading Group Chief Executive Peter Marks commented: "This is a very significant deal and represents a major expansion in our heartlands in the North of England.

"We are looking forward to bringing our co-operative difference to the communities served by our new pharmacies."

*Further coverage in the next issue of Co-operative News available from December 11th.

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