Pair of successful Wolverhampton pharmacies sold to three brothers
Specialist business property adviser, Christie & Co, has announced the sale of a group of two Wolverhampton pharmacies, trading as Healthplan Ltd.
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Image: Essington Pharmacy on Long Knowle Lane, Wolverhampton
Healthplan Ltd comprises two standard hours community pharmacies in Wolverhampton; Essington Pharmacy on Long Knowle Lane and HN Pharmacy on Cannock Road. Together, they dispense an average of 22,000 items per month.
The pharmacies have been owned by Janak Patel since 1986 and 1993, respectively, and were brought to market to enable retirement.
Following a confidential sales process with Carl Steer at Christie & Co, Healthplan Ltd has been purchased by Jacksons Pharmacy Ltd which is operated by brothers, Amanjeet Grewal, Indy Grewal, and Harmeet Grewal, who run a group of 15 pharmacies across the West Midlands.
Carl Steer, Director – Pharmacy at Christie & Co, comments, “Sometimes things are just meant to be. Indy and his brothers have long since had plans to buy the two pharmacies, so once Janak got in touch to start thinking about a sale, Indy was in mind. The decision to sell didn’t come easy for Mr Patel but after meeting numerous times over a few years, we were instructed and asked to undertake an off-market approach to around 10 potential buyers discreetly. We agreed a sale to Indy within six weeks after a competitive process.”
Healthplan Ltd was sold for an undisclosed price.
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