Allied Pharmacies acquires Jhoots pharmacies in strategic expansion deal
Specialist business property adviser, Christie & Co, has announced the sale of a portfolio of 68 Jhoots sites to Allied Pharmacies via a pre-packaged administration sale, marking a significant milestone in its growth strategy and commitment to delivering exceptional healthcare services across the UK.
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The acquisition strengthens Allied Pharmacies’ position as a trusted provider of community pharmacy services, expanding their footprint and enhancing their ability to serve patients with high-quality care and innovative solutions right across the UK. The vast majority of the Jhoots Pharmacy and Jhoots Chemist sites have been temporarily closed, but Allied is committed to reinstating essential pharmacy services and will integrate them seamlessly into the existing Allied Pharmacies’ network, ensuring reestablishment of service and improved access to healthcare.
Suhail Abdullah, Group CEO of Allied Pharmacies, comments, “We are delighted to welcome Jhoots sites into the Allied family, adding to the recent portfolio acquisition of the associated SNJ group. This acquisition reflects our group’s core values of patient care and community service, and we look forward to driving innovation in pharmacy services."
Jonathan Board, Director and Head of Pharmacy at Christie & Co, who handled the sale, comments, "We are very happy to have facilitated this important transaction, ensuring that a large number of much-needed front-line healthcare settings are reopened to patients who rely on them.
“Working closely once again with Ian Corfield and Charlie Dagworthy from leading specialist business advisory firm, FRP Advisory, our accelerated sale process has found a highly experienced buyer in Allied Pharmacies who has the capability and desire to get these 68 pharmacies back up and running in the shortest time possible. This deal highlights the strength and resilience of the UK pharmacy sector and the opportunities for growth through strategic partnerships.”
The acquisition underscores Allied Pharmacies’ long-term vision to invest in community healthcare and deliver accessible, patient-centric services nationwide.
Ian Corfield, Partner at FRP Advisory and Joint Administrator of the Jhoots Pharmacy and Jhoots Chemist companies, added, “Pharmacies play a crucial role in both the UK healthcare system and on the community high street, so we are pleased to have once again partnered with the market-leading specialists Christie & Co to secure a new home for these sites. We would also like to thank the NHS and General Pharmaceutical Council for their patience and support during this process.”
The portfolio was sold for an undisclosed price.
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