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New life for pair of Essex pharmacies bought out of Administration

Specialist business property adviser, Christie & Co, has announced the sale of two established pharmacies in Grays, Essex - Dips Chemist and Riverview Pharmacy.

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Mark Page from Christie & Co with the new owner outside Dips Chemist in Essex

Image: Mark Page (Christie & Co) with Husain Master (Primary Health Solutions Ltd) outside Dips Chemist

Dips Chemist and Riverview Pharmacy are standard-hour community pharmacies that, together, dispense an average of circa 14,000 items per month.

Brought into Administration in 2023, they were part of a wider portfolio sale.

Following a confidential sales process with Mark Page at Christie & Co, the pharmacies have been sold to independent pharmacy operator, Primary Health Solutions Ltd, which plans to improve on the number of items dispensed and the services offered at the branches.

Husain Master, owner of Primary Health Solutions Ltd, comments, “These two pharmacies are the perfect addition to my existing portfolio. I plan to increase the services offering as well as invest in the pharmacies to create a more clinical and welcoming environment for our customers.”

Mark Page, Director - Pharmacy at Christie & Co, comments, “Many congratulations to the serial entrepreneur, Husain Master, who has acquired this brace of fantastic pharmacies. Husain will integrate Dips and Riverview into his existing portfolio of high-performing pharmacies in the local area. This sale further demonstrates the appetite for a full range of pharmacies in Essex and the Northern Home Counties. We have many buyers looking to take on well-performing pharmacies or purchase a quieter pharmacy that can be improved.”

Dips Chemist and Riverview Pharmacy were sold for an undisclosed price.

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For further information on this press release, contact:
Phoebe Hill, Associate Director – Corporate Communications
P: 07540 063 598 or E: phoebe.hill@christie.com

Visit Christie & Co’s Business Search page to find out more about current medical listings.

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