Potentially important for many here.
I'd point out, though, that they have only recently (in 2015) taken over the Sainsbury pharmacies. We have to ask how many closures, redundancies, etc., are part of the rationalisation that almost inevitably follows takeovers?
(Despite the blaming of government by Lloyds, this post is absolutely not intended to go down that avenue. Rather to inform everyone that it is happening.)
Lloyds Pharmacy closes 190 stores, blaming government
Reduced funding, higher business rates and the apprenticeship levy created ‘challenging market conditions’
Lloyds Pharmacy has announced it will close nearly 200 stores across England because of changes in government policy, with its parent company also blaming funding cuts and the apprenticeship levy.
In an internal letter to staff Cormac Tobin, managing director at Lloyds Pharmacy’s owner, Celesio UK, [ and itself part of McKesson Europe AG ] said around 190 pharmacies will cease to trade through a combination of closures and disinvestments.
The leaked internal memo to staff, which was verified by a spokesman for Celesio UK, said the business has been hit by pharmacy funding cuts, as well as higher business rates and the apprenticeship levy, which had made “market conditions challenging”.
“Community pharmacy needs to adapt to the changing requirements of patients and the NHS, indeed it should be part of the solution to an overstretched health service,” Tobin said in the memo.
“To achieve this, we need a new operational framework that creates a thriving pharmacy network that continues to offer essential integrated healthcare and is rooted in local communities,” he continued.
More at this link:
27/10/2017 - added this:
Looks like the Sainsbury buy-out was bigger than the proposed closures - 281 against 190.
Celesio, the German drugs wholesaler that owns LloydsPharmacy in the UK, said that it would buy 281 pharmacies in total from the supermarket group.
What's the betting this will result in closures where a Lloyds is fairly close to a Sainsbury?