Everest Pharmacy Ltd buys five established branches
Five pharmacies located across Bolton and Accrington have been sold to Manchester-based Everest Pharmacy Ltd, which now owns 22 premises across the region.
The group comprises four pharmacies in Bolton – Gatleys Pharmacy in Tonge Old Road, Haslams Pharmacy in Halliwell Road, Rigbys Chemist in Swan Lane, and Howards Pharmacy in Chorley Old Road – and Paradise Street Pharmacy within Pals Health Centre in Accrington.
These well-established community pharmacies dispense a combined total of circa 33,000 items per month.
The pharmacies are part of a wider group of 14 branches owned by Sykes Chemist Group.
The group decided to sell the branches as part of a strategic review of its portfolio.
Following a sales process with Tom Young at Christie & Co, all five pharmacies have been sold to Manchester-based, Everest Pharmacy Ltd.
Young said: “When we launched these pharmacies to the market in July 2024, as expected, we had a lot of interest. Any sites in and around Bolton always generate large volumes of enquiries and I was pleased that we had multiple offers on all sites.”
The five pharmacies were sold for an undisclosed price.