Pharmacy sold for first time in 22 years as owners retire - and the business is staying local

A well-known pharmacy has changed hands for the first time in over two decades

Middleton Pharmacy, in Darlington, is a community pharmacy dispensing an average of 10,874 items per month. Christie and Co, a specialist business property adviser, facilitated the sale of the pharmacy, which is located in the village of Middleton St George, near a GP surgery.

The previous owners, Middleton Healthcare Limited—a consortium of three GPs—decided to sell the business as part of their retirement plans. The sale was conducted confidentially by Karl Clezy at Christie and Co and resulted in the acquisition by Chemix Group, an independent contractor with another pharmacy in Halifax.

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Patrick Holmes, one of the former owners, said: "We are very happy with the outcome of handing over the business to new owners and keeping the business local. We are confident they will provide excellent care and service to the local community going forward."

New directors of Chemix Group, Prashanth Takkallapally and Harendra Patel, were equally enthusiastic about the purchase, saying: "We are delighted to acquire Middleton Pharmacy and thank Karl for his time and expertise."

They added: "I am local to the area and when I saw the opportunity, I knew this was the right pharmacy to add to our expanding group. We look forward to growing the business and implementing our plans to improve healthcare in the village", reports Chronicle Live.

Karl Clezy, director at Christie and Co, commented: "We received significant interest in this pharmacy and managed to attract three offers within the first two weeks on the market. The buyers could see that the pharmacy had a lot of potential to improve its trading performance. I wish the sellers well with their retirement, and all the best to the new owners at Chemix Group."

The sale price of Middleton Pharmacy was not disclosed.

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