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  31. <title>Selling Your Pharmacy in 2025: What Your Pharmacy Is Worth and Who’s Buying</title>
  32. <link>https://hutchings-pharmacy-sales.com/market/selling-your-pharmacy-in-2025-what-your-pharmacy-is-worth-and-whos-buying/</link>
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  35. <dc:creator><![CDATA[Anne Hutchings]]></dc:creator>
  36. <pubDate>Wed, 30 Apr 2025 13:28:26 +0000</pubDate>
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  40. <description><![CDATA[<p>What Today’s Buyers Want—and How to Position Your Pharmacy for Sale Whether you’re nearing retirement or simply exploring a new chapter, selling your pharmacy is a big decision—and the market in 2025 presents both challenges and opportunities. With tighter margins and increased financial pressure across the sector, understanding your pharmacy’s value and the evolving buyer [&#8230;]</p>
  41. <p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/market/selling-your-pharmacy-in-2025-what-your-pharmacy-is-worth-and-whos-buying/">Selling Your Pharmacy in 2025: What Your Pharmacy Is Worth and Who’s Buying</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
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  86. <h2 class="elementor-heading-title elementor-size-default">What Today’s Buyers Want—and How to Position Your Pharmacy for Sale</h2> </div>
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  90. <style>/*! elementor - v3.16.0 - 13-09-2023 */
  91. .elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}</style> <p class="" data-start="214" data-end="639">Whether you’re nearing retirement or simply exploring a new chapter, selling your pharmacy is a big decision—and the market in 2025 presents both challenges and opportunities. With tighter margins and increased financial pressure across the sector, understanding your pharmacy’s value and the evolving buyer landscape is key to securing the best outcome.</p><p class="" data-start="641" data-end="674"><strong data-start="641" data-end="674">Here’s what you need to know:</strong></p><ul data-start="676" data-end="1648"><li class="" data-start="676" data-end="881"><p class="" data-start="678" data-end="881"><strong data-start="678" data-end="712">Valuation methods are shifting</strong>: With rising costs and falling EBITDA, valuers are increasingly turning to the <em data-start="792" data-end="812">pence-in-the-pound</em> method (based on turnover), especially for independent pharmacies.</p></li><li class="" data-start="882" data-end="1055"><p class="" data-start="884" data-end="1055"><strong data-start="884" data-end="919">Location matters more than ever</strong>: Pharmacies in high-footfall or strategically placed areas with growth potential continue to attract more offers and stronger prices.</p></li><li class="" data-start="1056" data-end="1192"><p class="" data-start="1058" data-end="1192"><strong data-start="1058" data-end="1098">A diverse income stream is essential</strong>: Buyers favour pharmacies offering additional clinical services—not just NHS prescriptions.</p></li><li class="" data-start="1193" data-end="1507"><p class="" data-start="1195" data-end="1222"><strong data-start="1195" data-end="1220">Who’s buying in 2025?</strong></p><ul data-start="1226" data-end="1507"><li class="" data-start="1226" data-end="1275"><p class="" data-start="1228" data-end="1275">Independent pharmacists and first-time buyers</p></li><li class="" data-start="1279" data-end="1319"><p class="" data-start="1281" data-end="1319">Expanding pharmacy chains and groups</p></li><li class="" data-start="1323" data-end="1375"><p class="" data-start="1325" data-end="1375">Private equity firms looking for scalable models</p></li><li class="" data-start="1379" data-end="1445"><p class="" data-start="1381" data-end="1445">Online/hybrid operators bridging physical and digital services</p></li><li class="" data-start="1449" data-end="1507"><p class="" data-start="1451" data-end="1507">Healthcare professionals building integrated care hubs</p></li></ul></li><li class="" data-start="1508" data-end="1648"><p class="" data-start="1510" data-end="1648"><strong data-start="1510" data-end="1551">Efficiency and future-readiness count</strong>: Pharmacies that are well-run, compliant, and aligned with NHS priorities remain in high demand.</p></li></ul><p class="" data-start="1650" data-end="1821">Recent sales data—such as pharmacies in Middlesex selling for nearly £1 for every £1 of turnover—show that strong demand still exists when the business is well-positioned.</p><p class="" data-start="1650" data-end="1821">To read the full article on C+D, <a style="background-color: #ffffff; font-size: 1rem;" href="https://www.chemistanddruggist.co.uk/analysis/explainers/selling-a-pharmacy-in-2025-what-your-pharmacy-is-worth-and-whos-buying-DLCVRHBAGJDX5F4YZIJBUPA2AM/" target="_blank" rel="noopener">click here</a></p> </div>
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  101. </div>
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  107. <div class="elementor-widget-container">
  108. <h3 class="elementor-heading-title elementor-size-default">Anne Hutchings</h3> </div>
  109. </div>
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  112. <p>Managing Director<br />Hutchings Consultants Ltd.<br />e: anne@hutchingsconsultants.com</p> </div>
  113. </div>
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  116. </div>
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  122. </div>
  123. <p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/market/selling-your-pharmacy-in-2025-what-your-pharmacy-is-worth-and-whos-buying/">Selling Your Pharmacy in 2025: What Your Pharmacy Is Worth and Who’s Buying</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
  124. ]]></content:encoded>
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  127. <slash:comments>0</slash:comments>
  130. </item>
  131. <item>
  132. <title>SOLD:  Cokeham Pharmacy,  West Sussex</title>
  133. <link>https://hutchings-pharmacy-sales.com/case-studies/sold-cokeham-pharmacy-west-sussex/</link>
  134. <comments>https://hutchings-pharmacy-sales.com/case-studies/sold-cokeham-pharmacy-west-sussex/#respond</comments>
  136. <dc:creator><![CDATA[Jackie Puddephatt]]></dc:creator>
  137. <pubDate>Thu, 17 Apr 2025 12:57:12 +0000</pubDate>
  138. <category><![CDATA[Successful Pharmacy Sales]]></category>
  139. <guid isPermaLink="false">https://hutchings-pharmacy-sales.com/?p=29288</guid>
  140.  
  141. <description><![CDATA[<p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/case-studies/sold-cokeham-pharmacy-west-sussex/">SOLD:  Cokeham Pharmacy,  West Sussex</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
  142. ]]></description>
  143. <content:encoded><![CDATA[<p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/case-studies/sold-cokeham-pharmacy-west-sussex/">SOLD:  Cokeham Pharmacy,  West Sussex</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
  144. ]]></content:encoded>
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  147. <slash:comments>0</slash:comments>
  150. </item>
  151. <item>
  152. <title>SOLD &#8211; Brynaman Pharmacy, Ammanford</title>
  153. <link>https://hutchings-pharmacy-sales.com/case-studies/sold-brynaman-pharmacy-ammanford/</link>
  154. <comments>https://hutchings-pharmacy-sales.com/case-studies/sold-brynaman-pharmacy-ammanford/#respond</comments>
  156. <dc:creator><![CDATA[Jackie Puddephatt]]></dc:creator>
  157. <pubDate>Tue, 08 Apr 2025 09:29:43 +0000</pubDate>
  158. <category><![CDATA[Successful Pharmacy Sales]]></category>
  159. <guid isPermaLink="false">https://hutchings-pharmacy-sales.com/?p=29284</guid>
  160.  
  161. <description><![CDATA[<p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/case-studies/sold-brynaman-pharmacy-ammanford/">SOLD &#8211; Brynaman Pharmacy, Ammanford</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
  162. ]]></description>
  163. <content:encoded><![CDATA[<p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/case-studies/sold-brynaman-pharmacy-ammanford/">SOLD &#8211; Brynaman Pharmacy, Ammanford</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
  164. ]]></content:encoded>
  166. <wfw:commentRss>https://hutchings-pharmacy-sales.com/case-studies/sold-brynaman-pharmacy-ammanford/feed/</wfw:commentRss>
  167. <slash:comments>0</slash:comments>
  170. </item>
  171. <item>
  172. <title>SOLD:  Torwood Street Pharmacy, Torquay</title>
  173. <link>https://hutchings-pharmacy-sales.com/case-studies/sold-torwood-street-pharmacy-torquay/</link>
  174. <comments>https://hutchings-pharmacy-sales.com/case-studies/sold-torwood-street-pharmacy-torquay/#respond</comments>
  176. <dc:creator><![CDATA[Jackie Puddephatt]]></dc:creator>
  177. <pubDate>Thu, 03 Apr 2025 10:42:52 +0000</pubDate>
  178. <category><![CDATA[Successful Pharmacy Sales]]></category>
  179. <guid isPermaLink="false">https://hutchings-pharmacy-sales.com/?p=29281</guid>
  180.  
  181. <description><![CDATA[<p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/case-studies/sold-torwood-street-pharmacy-torquay/">SOLD:  Torwood Street Pharmacy, Torquay</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
  182. ]]></description>
  183. <content:encoded><![CDATA[<p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/case-studies/sold-torwood-street-pharmacy-torquay/">SOLD:  Torwood Street Pharmacy, Torquay</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
  184. ]]></content:encoded>
  186. <wfw:commentRss>https://hutchings-pharmacy-sales.com/case-studies/sold-torwood-street-pharmacy-torquay/feed/</wfw:commentRss>
  187. <slash:comments>0</slash:comments>
  190. </item>
  191. <item>
  192. <title>P Robinson Pharmacy, Liverpool &#8211; SOLD</title>
  193. <link>https://hutchings-pharmacy-sales.com/case-studies/p-robinson-pharmacy-liverpool-sold/</link>
  194. <comments>https://hutchings-pharmacy-sales.com/case-studies/p-robinson-pharmacy-liverpool-sold/#respond</comments>
  196. <dc:creator><![CDATA[Jackie Puddephatt]]></dc:creator>
  197. <pubDate>Wed, 02 Apr 2025 11:28:12 +0000</pubDate>
  198. <category><![CDATA[Successful Pharmacy Sales]]></category>
  199. <guid isPermaLink="false">https://hutchings-pharmacy-sales.com/?p=29277</guid>
  200.  
  201. <description><![CDATA[<p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/case-studies/p-robinson-pharmacy-liverpool-sold/">P Robinson Pharmacy, Liverpool &#8211; SOLD</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
  202. ]]></description>
  203. <content:encoded><![CDATA[<p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/case-studies/p-robinson-pharmacy-liverpool-sold/">P Robinson Pharmacy, Liverpool &#8211; SOLD</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
  204. ]]></content:encoded>
  206. <wfw:commentRss>https://hutchings-pharmacy-sales.com/case-studies/p-robinson-pharmacy-liverpool-sold/feed/</wfw:commentRss>
  207. <slash:comments>0</slash:comments>
  210. </item>
  211. <item>
  212. <title>SOLD: Warden Hill Chemist, Luton</title>
  213. <link>https://hutchings-pharmacy-sales.com/case-studies/sold-warden-hill-chemist-luton/</link>
  214. <comments>https://hutchings-pharmacy-sales.com/case-studies/sold-warden-hill-chemist-luton/#respond</comments>
  216. <dc:creator><![CDATA[Sam Barlow]]></dc:creator>
  217. <pubDate>Wed, 02 Apr 2025 10:54:13 +0000</pubDate>
  218. <category><![CDATA[Successful Pharmacy Sales]]></category>
  219. <guid isPermaLink="false">https://hutchings-pharmacy-sales.com/?p=29272</guid>
  220.  
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  222. ]]></description>
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  232. <title>Hutchings Consultants Secures Long-Term Future with Transition to Employee Ownership Trust</title>
  233. <link>https://hutchings-pharmacy-sales.com/news/hutchings-consultants-secures-long-term-future-with-transition-to-employee-ownership-trust/</link>
  234. <comments>https://hutchings-pharmacy-sales.com/news/hutchings-consultants-secures-long-term-future-with-transition-to-employee-ownership-trust/#respond</comments>
  236. <dc:creator><![CDATA[Sam Barlow]]></dc:creator>
  237. <pubDate>Mon, 03 Mar 2025 17:35:33 +0000</pubDate>
  238. <category><![CDATA[Market Updates]]></category>
  239. <category><![CDATA[News]]></category>
  240. <guid isPermaLink="false">https://hutchings-pharmacy-sales.com/?p=29225</guid>
  241.  
  242. <description><![CDATA[<p>Hutchings Consultants, the UK’s leading independent pharmacy sales specialists, has announced its transition to an Employee Ownership Trust (EOT), ensuring the company’s long-term independence and ongoing commitment to serving the sector. Established over 20 years ago by Anne Hutchings, Hutchings Consultants has built a reputation as a trusted partner in pharmacy sales, helping pharmacists navigate [&#8230;]</p>
  243. <p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/news/hutchings-consultants-secures-long-term-future-with-transition-to-employee-ownership-trust/">Hutchings Consultants Secures Long-Term Future with Transition to Employee Ownership Trust</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
  244. ]]></description>
  245. <content:encoded><![CDATA[ <div data-elementor-type="wp-post" data-elementor-id="29225" class="elementor elementor-29225" data-elementor-post-type="post">
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  260. <h1 class="elementor-heading-title elementor-size-default">Hutchings Consultants Secures Long-Term Future with Transition to Employee Ownership Trust</h1> </div>
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  286. <h2 class="elementor-heading-title elementor-size-default">Hutchings Consultants, the UK’s leading independent pharmacy sales specialists, has announced its transition to an Employee Ownership Trust (EOT), ensuring the company’s long-term independence and ongoing commitment to serving the sector.</h2> </div>
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  290. <p>Established over 20 years ago by Anne Hutchings, Hutchings Consultants has built a reputation as a trusted partner in pharmacy sales, helping pharmacists navigate the complexities of buying and selling businesses. By moving to an Employee Owned structure, the company guarantees stability for its employees and clients while reinforcing its position as a major independent force in the market.</p> </div>
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  294. <p>“Our transition to employee ownership marks an exciting new chapter for Hutchings,” said Anne Hutchings, who has moved from Managing Director to CEO. “The decision was driven by our commitment to preserving the culture, values, and expertise that have made Hutchings a trusted name in pharmacy sales. The Employee Owned model secures our future, empowers our employees, and allows us to continue delivering exceptional service to pharmacy owners across the UK.”</p> </div>
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  298. <p>As part of this transition, Scott Hayton has been appointed as Managing Director of the firm, moving from his previous role as Director. Additionally, in recognition of their outstanding contributions to the business, Alan Akerman and Luke Williams have been promoted to Directors. Their leadership and expertise will play a crucial role in driving the company forward under its new structure, ensuring continuity and the highest level of service for clients.</p><p>For pharmacy owners considering selling now or in the future, Hutchings Consultants&#8217; transition to an Employee Owned company sends a powerful message. Unlike external acquisitions that can lead to shifts in strategy or service level, Employee Ownership ensures continuity, expertise, and a long-term commitment to the industry. Pharmacy sellers can be confident that they are working with a stable, experienced team dedicated to achieving the best outcomes for all parties involved.</p> </div>
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  302. <p>“The EOT model aligns perfectly with our mission of supporting independent pharmacies,” added Scott Hayton, MD. “It reassures sellers we are working with, that they’re placing their business in the hands of a company that has a vested interest in both their success and that of the sector’s ongoing. With this exciting new structure, we are stronger than ever and ready to help pharmacy owners make the right moves for their future.”</p> </div>
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  306. <p>Hutchings remains focused on its core mission of guiding pharmacy sales with professionalism and integrity. With the backing of its employee-owners and the strengthened leadership team, the company is set to continue its legacy of excellence and innovation in the market.</p><p>For more information, please contact:</p> </div>
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  310. <h3 class="elementor-heading-title elementor-size-default">Sam Barlow</h3> </div>
  311. </div>
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  313. <div class="elementor-widget-container">
  314. <p>phone: 01494 722 224<br />sam@hutchingsconsultants.com<br />www.hutchingsconsultants.com</p> </div>
  315. </div>
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  317. </div>
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  319. </section>
  320. </div>
  321. <p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/news/hutchings-consultants-secures-long-term-future-with-transition-to-employee-ownership-trust/">Hutchings Consultants Secures Long-Term Future with Transition to Employee Ownership Trust</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
  322. ]]></content:encoded>
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  330. <title>Hutchings 2025 UK Pharmacy Market Update</title>
  331. <link>https://hutchings-pharmacy-sales.com/market/hutchings-2025-uk-pharmacy-market-update/</link>
  332. <comments>https://hutchings-pharmacy-sales.com/market/hutchings-2025-uk-pharmacy-market-update/#respond</comments>
  334. <dc:creator><![CDATA[Paul Steet]]></dc:creator>
  335. <pubDate>Tue, 14 Jan 2025 12:14:56 +0000</pubDate>
  336. <category><![CDATA[Market Updates]]></category>
  337. <guid isPermaLink="false">https://hutchings-pharmacy-sales.com/?p=29198</guid>
  338.  
  339. <description><![CDATA[<p>Welcome to Hutchings Consultants 2025 UK Pharmacy Market Update Welcome to the Hutchings Consultants 2025 UK Market Update Report, where we take a look back at the pharmacy sales market over the last twelve months, including key areas such as buyer activity, goodwill values, gross profit margins, and bank funding, and also look ahead at [&#8230;]</p>
  340. <p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/market/hutchings-2025-uk-pharmacy-market-update/">Hutchings 2025 UK Pharmacy Market Update</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
  341. ]]></description>
  342. <content:encoded><![CDATA[ <div data-elementor-type="wp-post" data-elementor-id="29198" class="elementor elementor-29198" data-elementor-post-type="post">
  343. <section data-dce-background-overlay-color="#000000" data-dce-background-image-url="http://hutchings-pharmacy-sales.com/wp-content/uploads/2021/05/HUT_Image-Library-12_w1000.png" class="elementor-section elementor-top-section elementor-element elementor-element-47950ae9 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="47950ae9" data-element_type="section" data-settings="{&quot;background_background&quot;:&quot;classic&quot;}">
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  357. <h1 class="elementor-heading-title elementor-size-default">Hutchings 2025 UK Pharmacy Market Update</h1> </div>
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  383. <h2 class="elementor-heading-title elementor-size-default">Welcome to Hutchings Consultants 2025 UK Pharmacy Market Update</h2> </div>
  384. </div>
  385. <section class="elementor-section elementor-inner-section elementor-element elementor-element-417c6f5c elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="417c6f5c" data-element_type="section">
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  398. <p>Welcome to the Hutchings Consultants 2025 UK Market Update Report, where we take a look back at the pharmacy sales market over the last twelve months, including key areas such as buyer activity, goodwill values, gross profit margins, and bank funding, and also look ahead at how the market may perform over the forthcoming year.</p><p>The earlier than expected general election last July delivered a Labour government widely expected to be more ‘pharmacy friendly’ than the previous incumbent. Shortly after the election, the newly appointed Health and Social Secretary, Wes Streeting, appointed Lord Darzi to undertake a report on the condition of the NHS, which would feed into a new 10-year plan, the outcome of which is expected to be announced this spring. Amongst the many conclusions of the extensive report, community pharmacy was highlighted as having a key role to play in delivering healthcare solutions to patients throughout the UK and requiring further substantial support.</p> </div>
  399. </div>
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  401. <div class="elementor-widget-container">
  402. <p style="text-align: right;"><em>Author; Paul Steet</em><br /><em>Associate Director, Hutchings Consultants</em></p> </div>
  403. </div>
  404. </div>
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  410. <img decoding="async" width="250" height="288" src="https://hutchings-pharmacy-sales.com/wp-content/uploads/2022/09/SB_Crop_w250_P1210563-Edit.jpg" class="attachment-medium size-medium wp-image-27563" alt="Sam Barlow" /> </div>
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  415. <a class="elementor-button elementor-button-link elementor-size-md" href="https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/Hutchings-2025-UK-Pharmacy-Market-Update.pdf" target="_blank">
  416. <span class="elementor-button-content-wrapper">
  417. <span class="elementor-button-text">Download Report Here</span>
  418. </span>
  419. </a>
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  425. </div>
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  429. <p>Newly appointed Minister of State for Care with responsibility for pharmacy, Right Honourable Stephen Kinnock, said during a pharmacy visit in October, “We inherited a broken NHS, where pharmacies have been neglected for years. As we shift care out of the hospital and into the community, we will support community pharmacies and pharmacists who will be crucial to making a healthcare system fit for the future.” With current severe financial pressures affecting the sector, these positive statements are encouraging, but many contractors will nonetheless earnestly await the outcome of the ongoing CPCF negotiations in England between sector representatives and the government to understand better the financial outlook in the short to medium term.</p><p>In our January 2024 Market Update we predicted pharmacy sale transaction volumes would remain relatively high, which proved true as some larger groups and multiples such as Rowlands, Boots, and Well continued to sell poorer-performing or outlier branches as part of strategic portfolio reviews. Some smaller independent owned groups also followed suit. Financial woes within the sector continued to take their toll with a marked increase in administrator led sales, adding to the number of opportunities on the market, which attracted interest from potential buyers looking to reverse poor trading performance and ensure patient services remained unaffected.</p><p>Pharmacy buyers’ understandable concerns around rapidly increasing Bank of England interest rates impacting business loan costs were alleviated to some degree as improved economic data allowed rates to peak at 5.25% before reducing slightly towards the end of the year.</p><p>Overall pharmacy buyers’ confidence remained high throughout the year, buoyed by the numerous opportunities available on the market and the additional income available from the introduction of patient services such as the Pharmacy First Scheme in England, emulating similar schemes already operating successfully in Scotland and Wales.</p> </div>
  430. </div>
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  440. <h3 class="elementor-heading-title elementor-size-default">Buyer Activity (UK sales completed England/Scotland/Wales combined)</h3> </div>
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  444. <img decoding="async" width="768" height="382" src="https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/Screenshot-2025-01-14-115105-768x382.png" class="attachment-medium_large size-medium_large wp-image-29203" alt="" srcset="https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/Screenshot-2025-01-14-115105-768x382.png 768w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/Screenshot-2025-01-14-115105-300x149.png 300w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/Screenshot-2025-01-14-115105-1024x509.png 1024w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/Screenshot-2025-01-14-115105.png 1429w" sizes="(max-width: 768px) 100vw, 768px" /> </div>
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  455. <p>The unprecedented level of pharmacy disposal and acquisition activity experienced in 2023 triggered a huge uplift in new buyer registrations at the time, but as expected, last year saw a return to some normality with registrations falling 46% below that experienced in the previous year. Once again, first-time buyers dominated, capturing a 79% share of total new registrations, followed by existing pharmacy owners with 11.5%, group owners at 1.51%, and the rest split between multiples, investors, and buyers who have previously owned and sold seeking to re-establish pharmacy ownership.</p><p>A review of sales across England, Scotland, and Wales shows first time buyers led acquisition activity, purchasing 53% of the pharmacies sold through Hutchings in 2024, followed by group owners and existing pharmacy owners seeking to expand with a 22.5% share each. Interestingly, investor buyers accounted for a 2% share of sales, successfully improving on the previous year, where they did not register any purchase activity. First-time buyers may have accounted for an even higher percentage of purchases over the course of the year were it not for high loan repayment costs paired together with targeted acquisitions showing low profitability, creating issues for increasing numbers of potential buyers trying to source bank funding. An emerging trend of joint venture activity between this specific group of buyers and more experienced, financially secure group owners has aided some in overcoming these funding hurdles in the current lending environment.</p> </div>
  456. </div>
  457. <div class="elementor-element elementor-element-3d0f6b0 elementor-widget-divider--view-line elementor-widget elementor-widget-divider" data-id="3d0f6b0" data-element_type="widget" data-widget_type="divider.default">
  458. <div class="elementor-widget-container">
  459. <style>/*! elementor - v3.16.0 - 13-09-2023 */
  460. .elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#0c0d0e;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 var(--divider-element-spacing);flex-shrink:0}.elementor-widget-divider .elementor-icon{font-size:var(--divider-icon-size)}.elementor-widget-divider .elementor-divider-separator{display:flex;margin:0;direction:ltr}.elementor-widget-divider--view-line_icon .elementor-divider-separator,.elementor-widget-divider--view-line_text .elementor-divider-separator{align-items:center}.elementor-widget-divider--view-line_icon .elementor-divider-separator:after,.elementor-widget-divider--view-line_icon .elementor-divider-separator:before,.elementor-widget-divider--view-line_text .elementor-divider-separator:after,.elementor-widget-divider--view-line_text .elementor-divider-separator:before{display:block;content:"";border-bottom:0;flex-grow:1;border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--element-align-left .elementor-divider .elementor-divider-separator>.elementor-divider__svg:first-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-left .elementor-divider-separator:before{content:none}.elementor-widget-divider--element-align-left .elementor-divider__element{margin-left:0}.elementor-widget-divider--element-align-right .elementor-divider .elementor-divider-separator>.elementor-divider__svg:last-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-right .elementor-divider-separator:after{content:none}.elementor-widget-divider--element-align-right .elementor-divider__element{margin-right:0}.elementor-widget-divider:not(.elementor-widget-divider--view-line_text):not(.elementor-widget-divider--view-line_icon) .elementor-divider-separator{border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--separator-type-pattern{--divider-border-style:none}.elementor-widget-divider--separator-type-pattern.elementor-widget-divider--view-line .elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-con-inner>.elementor-widget-divider,.e-con>.elementor-widget-divider{width:var(--container-widget-width,100%);--flex-grow:var(--container-widget-flex-grow)}</style> <div class="elementor-divider">
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  467. <div class="elementor-widget-container">
  468. <h3 class="elementor-heading-title elementor-size-default">Average Pence in Pound</h3> </div>
  469. </div>
  470. <div class="elementor-element elementor-element-2074fed4 dce_masking-none elementor-widget elementor-widget-image" data-id="2074fed4" data-element_type="widget" data-widget_type="image.default">
  471. <div class="elementor-widget-container">
  472. <figure class="wp-caption">
  473. <img loading="lazy" decoding="async" width="1414" height="654" src="https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/Screenshot-2025-01-14-115126.png" class="attachment-full size-full wp-image-29204" alt="" srcset="https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/Screenshot-2025-01-14-115126.png 1414w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/Screenshot-2025-01-14-115126-300x139.png 300w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/Screenshot-2025-01-14-115126-1024x474.png 1024w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/Screenshot-2025-01-14-115126-768x355.png 768w" sizes="auto, (max-width: 1414px) 100vw, 1414px" /> <figcaption class="widget-image-caption wp-caption-text"></figcaption>
  474. </figure>
  475. </div>
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  477. <div class="elementor-element elementor-element-52471c4 elementor-widget elementor-widget-text-editor" data-id="52471c4" data-element_type="widget" data-widget_type="text-editor.default">
  478. <div class="elementor-widget-container">
  479. <p>The large-scale disposal of corporate pharmacies dissipated in the early months of last year, drastically reducing the number of opportunities on the market, but was replaced to a significantly lesser degree with an uplift in branch sales instigated by smaller, multi-site operators, augmented by an increase in distressed seller activity and small independent owners keen to implement their exit plans.</p><p><span style="color: var( --e-global-color-text ); font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;">Generally achieving higher average Goodwill values, as opposed to the potentially riskier corporates, independent sales helped improve UK average Goodwill values achieved over the course of the year, albeit with the support of sales in Scotland, which from recent activity indicate values are currently around an average of £1.52 pence paid per pound of turnover. Analysis of Hutchings own sales data shows offers received in England ranged between £0.31 pence in pound at the lower end, up to £1.08 and £0.39p up to £0.80p in Wales.</span></p> </div>
  480. </div>
  481. <section class="elementor-section elementor-inner-section elementor-element elementor-element-b256730 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="b256730" data-element_type="section">
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  483. <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-dc98576" data-id="dc98576" data-element_type="column">
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  485. <div class="elementor-element elementor-element-891f80b elementor-widget elementor-widget-heading" data-id="891f80b" data-element_type="widget" data-widget_type="heading.default">
  486. <div class="elementor-widget-container">
  487. <h3 class="elementor-heading-title elementor-size-default">Average Gross Profit Margins</h3> </div>
  488. </div>
  489. <div class="elementor-element elementor-element-397fdb25 elementor-widget elementor-widget-text-editor" data-id="397fdb25" data-element_type="widget" data-widget_type="text-editor.default">
  490. <div class="elementor-widget-container">
  491. <p>The impact of financial pressures within the pharmacy sector has become progressively clear in recent years, with gross profit margins continuing to come under downward pressure. Underlying issues around the supply and cost of drugs, declining levels of NHS reimbursement for dispensing activity, and a pivot towards greater patient services provision within the pharmacy contracts have led to a growing recognition within the sector that to continue trading profitably, contractors need to embrace the delivery of patient services, such as the Pharmacy First schemes (in England &amp; Scotland) and Common Ailments Scheme in Wales.</p> </div>
  492. </div>
  493. </div>
  494. </div>
  495. <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fdc7d89" data-id="fdc7d89" data-element_type="column">
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  497. <div class="elementor-element elementor-element-7ea78f74 dce_masking-none elementor-widget elementor-widget-image" data-id="7ea78f74" data-element_type="widget" data-widget_type="image.default">
  498. <div class="elementor-widget-container">
  499. <figure class="wp-caption">
  500. <img loading="lazy" decoding="async" width="768" height="440" src="https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/Screenshot-2025-01-14-115149-768x440.png" class="attachment-medium_large size-medium_large wp-image-29205" alt="" srcset="https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/Screenshot-2025-01-14-115149-768x440.png 768w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/Screenshot-2025-01-14-115149-300x172.png 300w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/Screenshot-2025-01-14-115149.png 829w" sizes="auto, (max-width: 768px) 100vw, 768px" /> <figcaption class="widget-image-caption wp-caption-text"></figcaption>
  501. </figure>
  502. </div>
  503. </div>
  504. </div>
  505. </div>
  506. </div>
  507. </section>
  508. <section class="elementor-section elementor-inner-section elementor-element elementor-element-221f3f2 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="221f3f2" data-element_type="section">
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  513. <div class="elementor-widget-container">
  514. <p>Reflecting the greater level of perceived governmental support for community pharmacy, a review of our sales over the course of last year and recent activity shows Scottish pharmacies continue to outperform those operating in England and Wales by some distance, benefitting from a higher average gross profit margin. Pharmacy contractors in England and Wales have reported placing greater emphasis on their supply and purchase operations while improving the delivery of patient services to increase their income and supplement shortfalls from other activity.</p><p>Due to the heavy influence of gross profit margins on both the business valuation and goodwill value, pharmacy contractors are recommended to keep a strong focus on improving their margin where possible.</p> </div>
  515. </div>
  516. </div>
  517. </div>
  518. </div>
  519. </section>
  520. <section class="elementor-section elementor-inner-section elementor-element elementor-element-81f83df elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="81f83df" data-element_type="section">
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  524. <div class="elementor-element elementor-element-a9415ab elementor-widget elementor-widget-heading" data-id="a9415ab" data-element_type="widget" data-widget_type="heading.default">
  525. <div class="elementor-widget-container">
  526. <h3 class="elementor-heading-title elementor-size-default">Bank Funding</h3> </div>
  527. </div>
  528. <div class="elementor-element elementor-element-2eaf1017 elementor-widget elementor-widget-text-editor" data-id="2eaf1017" data-element_type="widget" data-widget_type="text-editor.default">
  529. <div class="elementor-widget-container">
  530. <p>Pharmacy buyers continue to rely heavily on banks to support pharmacy acquisitions, with less than 5% of sales transacted on a cash deal basis. Some unease over the continuing impact of various financial pressures within the sector around parts of the UK, paired with an increase in administrator led sales in 2024, led to some heightened cautiousness from lenders. This resulted in bank credit teams undertaking enhanced due diligence and analysis of target acquisitions, potentially elongating deal timescales.</p><p><i><b>In marked contrast to the many rate level increases of the preceding year, the Bank of England base rate remained steady at 5.25% for most of 2024.</b><span style="color: var( --e-global-color-text ); font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;"> </span></i></p><p>Improved Consumer Price Index figures in August allowed the Monetary Policy Committee some scope to begin implementing a welcome reduction in the base rate down to the current level of 4.75%, which has helped alleviate some pharmacy buyers’ anxiety over potential rising loan costs for their target acquisition.</p> </div>
  531. </div>
  532. </div>
  533. </div>
  534. <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-bd044a9" data-id="bd044a9" data-element_type="column">
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  536. <div class="elementor-element elementor-element-5110a10b dce_masking-none elementor-widget elementor-widget-image" data-id="5110a10b" data-element_type="widget" data-widget_type="image.default">
  537. <div class="elementor-widget-container">
  538. <figure class="wp-caption">
  539. <img loading="lazy" decoding="async" width="768" height="960" src="https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/joshua-lawrence-JVGTqlWtZEQ-unsplash-768x960.jpg" class="attachment-medium_large size-medium_large wp-image-29202" alt="" srcset="https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/joshua-lawrence-JVGTqlWtZEQ-unsplash-768x960.jpg 768w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/joshua-lawrence-JVGTqlWtZEQ-unsplash-240x300.jpg 240w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/joshua-lawrence-JVGTqlWtZEQ-unsplash-819x1024.jpg 819w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/joshua-lawrence-JVGTqlWtZEQ-unsplash-1229x1536.jpg 1229w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/joshua-lawrence-JVGTqlWtZEQ-unsplash-1638x2048.jpg 1638w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/joshua-lawrence-JVGTqlWtZEQ-unsplash-scaled.jpg 2048w" sizes="auto, (max-width: 768px) 100vw, 768px" /> <figcaption class="widget-image-caption wp-caption-text"></figcaption>
  540. </figure>
  541. </div>
  542. </div>
  543. </div>
  544. </div>
  545. </div>
  546. </section>
  547. <div class="elementor-element elementor-element-c3ac469 elementor-widget elementor-widget-heading" data-id="c3ac469" data-element_type="widget" data-widget_type="heading.default">
  548. <div class="elementor-widget-container">
  549. <h3 class="elementor-heading-title elementor-size-default">Market Outlook &amp; Prediction</h3> </div>
  550. </div>
  551. <div class="elementor-element elementor-element-7e98ee2d elementor-widget elementor-widget-text-editor" data-id="7e98ee2d" data-element_type="widget" data-widget_type="text-editor.default">
  552. <div class="elementor-widget-container">
  553. <p>The UK government’s initial messages to the pharmacy sector have been predominantly more positive than in recent years, but looking ahead, how community pharmacy fits into the longer-term vision for delivering healthcare to the nation is expected to become a little clearer when the new 10-year plan for the NHS is announced this spring. Already identified in the recent Darzi Report as ‘one of the great strengths of the health service with the potential for it to deliver more value-added services’, pharmacy stakeholders will be keen to understand how the sector’s undoubted capabilities can be utilised as part of an expected shift in emphasis in the delivery of patient healthcare away from overrun hospitals and back into primary care settings. Playing a key role within an integrated healthcare system, a more positive change in outlook and vision for pharmacy from the government offers potential scope for the sector to push for greater expansion and financial resource.</p><p>In the more immediate future, pharmacy contractors eagerly await a positive outcome to current negotiations over a new 5-year CPCF deal, having endured delays and stalled talks due to last year’s general election. It is hoped that discussions can be swiftly concluded and agreement reached on an improved contract providing some relief for hard-pressed contractors and their teams, from the cost of living and inflationary pressures that have impacted heavily over recent years. Ahead of any new contract agreement, we expect pharmacy profitability to remain under pressure with inflationary and cost of living issues set to continue for the foreseeable future.</p> </div>
  554. </div>
  555. <div class="elementor-element elementor-element-2e8b22c9 elementor-widget elementor-widget-heading" data-id="2e8b22c9" data-element_type="widget" data-widget_type="heading.default">
  556. <div class="elementor-widget-container">
  557. <h3 class="elementor-heading-title elementor-size-default">Supply & Demand</h3> </div>
  558. </div>
  559. <div class="elementor-element elementor-element-9e06e6f elementor-widget elementor-widget-text-editor" data-id="9e06e6f" data-element_type="widget" data-widget_type="text-editor.default">
  560. <div class="elementor-widget-container">
  561. <p>Over the next 12 months we expect the supply of pharmacies entering the market to remain steady as multiple and group operators continue to implement small-scale divestments of superfluous, less profitable pharmacies as part of streamlining plans. While some independent contractors may decide to await the outcome of CPCF negotiations before choosing to sell, others will continue with their exit strategies, allowing many new owners to implement the changes necessary to enable the business to orientate towards increased delivery of patient services.</p><p>Pharmacy buyers’ confidence is expected to remain positive across the country, most notably in England, where the introduction of the Pharmacy First Scheme last year introduced an additional £645 million funding injection over two years. The stabilisation of the Bank of England interest rate has settled concerns over rising costs, and it is hoped that rates will remain steady or fall further as we progress through the year. Bank lenders are expected to continue their strong focus on target business profitability when considering lending, inevitably leading to buyers remaining cautious when submitting offers.</p> </div>
  562. </div>
  563. <div class="elementor-element elementor-element-6c510f4 dce_masking-none elementor-widget elementor-widget-image" data-id="6c510f4" data-element_type="widget" data-widget_type="image.default">
  564. <div class="elementor-widget-container">
  565. <img loading="lazy" decoding="async" width="768" height="432" src="https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/HUT_Image-Library-38-768x432.jpg" class="attachment-medium_large size-medium_large wp-image-29201" alt="" srcset="https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/HUT_Image-Library-38-768x432.jpg 768w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/HUT_Image-Library-38-300x169.jpg 300w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/HUT_Image-Library-38-1024x576.jpg 1024w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/HUT_Image-Library-38-1536x864.jpg 1536w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/HUT_Image-Library-38-2048x1152.jpg 2048w" sizes="auto, (max-width: 768px) 100vw, 768px" /> </div>
  566. </div>
  567. <div class="elementor-element elementor-element-7c9ab9ce elementor-widget-divider--view-line elementor-widget elementor-widget-divider" data-id="7c9ab9ce" data-element_type="widget" data-widget_type="divider.default">
  568. <div class="elementor-widget-container">
  569. <div class="elementor-divider">
  570. <span class="elementor-divider-separator">
  571. </span>
  572. </div>
  573. </div>
  574. </div>
  575. <section class="elementor-section elementor-inner-section elementor-element elementor-element-136def58 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="136def58" data-element_type="section">
  576. <div class="elementor-container elementor-column-gap-default">
  577. <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7f3bbe10" data-id="7f3bbe10" data-element_type="column">
  578. <div class="elementor-widget-wrap elementor-element-populated">
  579. <div class="elementor-element elementor-element-16eac09b elementor-widget elementor-widget-spacer" data-id="16eac09b" data-element_type="widget" data-widget_type="spacer.default">
  580. <div class="elementor-widget-container">
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  586. <div class="elementor-element elementor-element-697684f4 elementor-widget elementor-widget-heading" data-id="697684f4" data-element_type="widget" data-widget_type="heading.default">
  587. <div class="elementor-widget-container">
  588. <h3 class="elementor-heading-title elementor-size-default">Goodwill Values</h3> </div>
  589. </div>
  590. <div class="elementor-element elementor-element-4f786263 elementor-widget elementor-widget-text-editor" data-id="4f786263" data-element_type="widget" data-widget_type="text-editor.default">
  591. <div class="elementor-widget-container">
  592. <p>We expect average goodwill prices to remain relatively steady in 2025 at the levels currently seen around the UK as Multiple and group operator branch disposals continue and cost pressures in the NHS and the wider economy both weigh on pricing. Agreement on an improved CPCF 5-year contract should positively affect market sentiment and goodwill values however and may prompt more independent sellers to consider approaching the market, more confident of achieving their price aspirations.</p> </div>
  593. </div>
  594. <div data-dce-background-color="#00795D" class="elementor-element elementor-element-14037ab elementor-align-center elementor-widget elementor-widget-button" data-id="14037ab" data-element_type="widget" data-widget_type="button.default">
  595. <div class="elementor-widget-container">
  596. <div class="elementor-button-wrapper">
  597. <a class="elementor-button elementor-button-link elementor-size-md" href="https://hutchings-pharmacy-sales.com/wp-content/uploads/2025/01/Hutchings-2025-UK-Pharmacy-Market-Update.pdf" target="_blank">
  598. <span class="elementor-button-content-wrapper">
  599. <span class="elementor-button-text">Download Report Here</span>
  600. </span>
  601. </a>
  602. </div>
  603. </div>
  604. </div>
  605. </div>
  606. </div>
  607. <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-aa37d1d" data-id="aa37d1d" data-element_type="column">
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  610. <div class="elementor-widget-container">
  611. <img decoding="async" width="250" height="288" src="https://hutchings-pharmacy-sales.com/wp-content/uploads/2022/09/SB_Crop_w250_P1210563-Edit.jpg" class="attachment-medium size-medium wp-image-27563" alt="Sam Barlow" /> </div>
  612. </div>
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  614. <div class="elementor-widget-container">
  615. <p style="text-align: left;"><em>Author; Paul Steet</em><br /><em>Associate Director, Hutchings Consultants</em></p> </div>
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  631. <p>Want to know more or discuss the sale of your pharmacy?</p> </div>
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  642. <p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/market/hutchings-2025-uk-pharmacy-market-update/">Hutchings 2025 UK Pharmacy Market Update</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
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  651. <title>Hutchings 2024 England Pharmacy Market Update</title>
  652. <link>https://hutchings-pharmacy-sales.com/market/hutchings-2024-england-pharmacy-market-update/</link>
  653. <comments>https://hutchings-pharmacy-sales.com/market/hutchings-2024-england-pharmacy-market-update/#respond</comments>
  655. <dc:creator><![CDATA[Paul Steet]]></dc:creator>
  656. <pubDate>Fri, 11 Oct 2024 13:59:30 +0000</pubDate>
  657. <category><![CDATA[Market Updates]]></category>
  658. <guid isPermaLink="false">https://hutchings-pharmacy-sales.com/?p=29107</guid>
  659.  
  660. <description><![CDATA[<p>Hutchings 2024 England Pharmacy Market Update The Current Market The General Election earlier this year introduced a government that appears at this early stage to have an appetite to understand and address the reforms urgently required within the NHS if it is to continue to provide effective patient healthcare. The recent Darzi report, instigated by [&#8230;]</p>
  661. <p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/market/hutchings-2024-england-pharmacy-market-update/">Hutchings 2024 England Pharmacy Market Update</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
  662. ]]></description>
  663. <content:encoded><![CDATA[ <div data-elementor-type="wp-post" data-elementor-id="29107" class="elementor elementor-29107" data-elementor-post-type="post">
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  678. <h1 class="elementor-heading-title elementor-size-default">Hutchings 2024 England Pharmacy Market Update</h1> </div>
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  704. <h2 class="elementor-heading-title elementor-size-default">Hutchings 2024 England Pharmacy Market Update</h2> </div>
  705. </div>
  706. <section class="elementor-section elementor-inner-section elementor-element elementor-element-35e429aa elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="35e429aa" data-element_type="section">
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  719. <h3 class="elementor-heading-title elementor-size-default">The Current Market</h3> </div>
  720. </div>
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  723. <p>The General Election earlier this year introduced a government that appears at this early stage to have an appetite to understand and address the reforms urgently required within the NHS if it is to continue to provide effective patient healthcare. The recent Darzi report, instigated by Secretary of State for Health and Social Care Wes Streeting, concluded there is a need to shift a range of current healthcare provision away from hospitals and back into the community, with pharmacy recognised as having huge potential to assist in meeting patient requirements.</p> </div>
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  726. <div class="elementor-widget-container">
  727. <p style="text-align: right;"><em>Author; Paul Steet</em><br /><em>Associate Director, Hutchings Consultants</em></p> </div>
  728. </div>
  729. </div>
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  735. <img loading="lazy" decoding="async" width="250" height="288" src="https://hutchings-pharmacy-sales.com/wp-content/uploads/2022/09/SB_Crop_w250_P1210563-Edit.jpg" class="attachment-medium size-medium wp-image-27563" alt="Sam Barlow" /> </div>
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  740. <a class="elementor-button elementor-button-link elementor-size-md" href="https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Hutchings-2024-England-Pharmacy-Market-Update.pdf" target="_blank">
  741. <span class="elementor-button-content-wrapper">
  742. <span class="elementor-button-text">Download Report Here</span>
  743. </span>
  744. </a>
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  751. </section>
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  758. <p>The delivery and timing of changes identified will be key, but the report arrives at a poignant time as Community Pharmacy England and other pharmacy sector leaders meet with the DHSS to agree a new funding contract following stalled negotiations at the start of the year. The introduction of Pharmacy First in January this year presented an opportunity for increased services provision through community pharmacies, with the prospect of an additional £645m of funding in support of the program. But as ever, the devil has been in the details of the new scheme, with difficulties now being reported by contractors accessing the funds due to the qualifying criteria.</p><p>Hutchings Consultants recently spoke to Mr. Olivier Picard, owner of Newdays Pharmacy Group, board member of the NPA and representative for Community Pharmacy England, to discuss his views on various market issues in the sector.  Olivier believes that despite some current challenges, the Pharmacy First Scheme should be embraced by contractors and considered as “the floor, not the ceiling” in terms of the potential that community pharmacy has to offer in support of overwhelmed colleagues elsewhere in the NHS.</p> </div>
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  761. <div class="elementor-widget-container">
  762. <h3 class="elementor-heading-title elementor-size-default">Pressure on Profits</h3> </div>
  763. </div>
  764. </div>
  765. </div>
  766. </div>
  767. </section>
  768. <section class="elementor-section elementor-inner-section elementor-element elementor-element-2101160 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="2101160" data-element_type="section">
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  774. <p>Pharmacy contractors continue to operate effectively to meet patients’ medical needs, with many reporting significant increases in sales revenues whilst simultaneously facing downward pressure on profits. Cohens Chemists recently reported a £5.7m loss for the last financial year while increasing sales revenue to £253m. Similarly, the UK’s second largest independent pharmacy chain, Day Lewis, end-of-year (March 2024) business review noted that despite “strong year-on-year growth in dispensing prescriptions, retail (over the counter) sales and pharmacy services,” leading to a 5.9% increase in sales, they realised a 32% drop in pre-tax profits, noting an increase in administration costs, a key driver of which was “a rise in headline inflation rates, which has driven increases in staff costs, energy, utilities and rent and rates.”</p><p>A number of larger operators have implemented consolidation or streamlining projects, disposing of lesser-performing branches. Boots has closed 581 stores so far out of 650 possibilities as part of their cost reduction plan. Hallo Healthcare Group announced their intention to exit sixty-four sites operating in NHS hospitals, prisons, community health trusts and in the private sector, with Rowlands scheduled to take over five of the hospital-based pharmacies.</p> </div>
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  782. <img loading="lazy" decoding="async" width="243" height="300" src="https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/HUT_Image-Library-74-243x300.jpg" class="attachment-medium size-medium wp-image-29110" alt="" srcset="https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/HUT_Image-Library-74-243x300.jpg 243w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/HUT_Image-Library-74-828x1024.jpg 828w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/HUT_Image-Library-74-768x950.jpg 768w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/HUT_Image-Library-74-1242x1536.jpg 1242w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/HUT_Image-Library-74-1656x2048.jpg 1656w" sizes="auto, (max-width: 243px) 100vw, 243px" /> </div>
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  793. <div class="elementor-widget-container">
  794. <h3 class="elementor-heading-title elementor-size-default">Market Stability</h3> </div>
  795. </div>
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  797. <div class="elementor-widget-container">
  798. <p>Following the Lloyds mass pharmacy disposals last year, a degree of stability has returned to the pharmacy market, prompting independent sellers to implement their own exit strategies. Hutchings Consultants has seen an 18.3% increase in the number of independent sellers choosing to place their business on the market for sale this year, compared to the same period in 2023.</p> </div>
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  809. <div class="elementor-widget-container">
  810. <h3 class="elementor-heading-title elementor-size-default">Buyer Activity</h3> </div>
  811. </div>
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  814. <p>Over the course of the last 12 months, it has been evident that pharmacy buyers’ appetite to acquire has remained strong but has also contained an air of cautiousness. Despite the many headwinds in the economy, the general election and persistent concerns around pharmacy funding, buyers in the marketplace have remained positive. With the larger-scale corporate disposals completed, the focus of acquisition activity has re-centred around independent pharmacy opportunities.</p><p>New buyer registrations have continued at pace in 2024, albeit to a lesser degree than last year when we saw a deluge of registrations due to interest in the Lloyds disposals. To date in 2024, around 79% of new registrants have been first-time buyers keen to purchase their first pharmacy, followed next by existing pharmacy owners at 11%, seeking to expand strategically. Interestingly, compared to the previous year, the number of investors considering entering the market has increased significantly, accounting for nearly 6% of new registrants but just 2% of acquisition completions so far.</p><p>Analysis of Hutchings Consultants sales indicate first-time buyers continue to lead acquisition activity, purchasing 52% of the pharmacies sold in 2024 to date, followed by pharmacy owners with a 25% share and group owners accounting for 21%. Feedback from some group owners suggests that joint venture acquisitions, often with a motivated first-time buyer, are increasingly viewed as a more reliable strategy for growth. The arrangement is beneficial to both parties, allowing the junior partner to lean on the greater experience and financial backing of a current contractor whilst operating their own business.</p> </div>
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  818. <figure class="wp-caption">
  819. <img loading="lazy" decoding="async" width="1954" height="1217" src="https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Screenshot-2024-10-11-142719.png" class="attachment-full size-full wp-image-29111" alt="" srcset="https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Screenshot-2024-10-11-142719.png 1954w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Screenshot-2024-10-11-142719-300x187.png 300w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Screenshot-2024-10-11-142719-1024x638.png 1024w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Screenshot-2024-10-11-142719-768x478.png 768w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Screenshot-2024-10-11-142719-1536x957.png 1536w" sizes="auto, (max-width: 1954px) 100vw, 1954px" /> <figcaption class="widget-image-caption wp-caption-text"></figcaption>
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  824. <div class="elementor-widget-container">
  825. <h3 class="elementor-heading-title elementor-size-default">England Goodwill Prices</h3> </div>
  826. </div>
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  829. <p>Last year’s record oversupply of pharmacies for sale diverted buyer interest away from more profitable and well-established independents towards corporate disposals. The market has now settled to some degree as we have moved through this year, but with independent pharmacies achieving higher average goodwill prices than corporates some buyers have had to recalibrate their goodwill offers or risk losing an opportunity to an alternative buyer willing to outbid them to secure a purchase. Buyers have been concerned by increasing overheads, such as staff wages, energy, utilities, rent and rates, in addition to increased loan costs, which have created a drag effect on some goodwill offers.</p><p><span style="color: var( --e-global-color-text ); font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;">As anticipated, average goodwill values achieved so far this year have varied across England, with those pharmacies located in London and the South East proving the most popular, with buyers achieving the highest combined average figure of £0.89 paid for each pound of turnover, followed by Midlands-based pharmacies at £0.79. Other regions around the country have achieved similar average figures, albeit to a lesser degree.</span></p> </div>
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  831. <div class="elementor-element elementor-element-7d38be6f dce_masking-none elementor-widget elementor-widget-image" data-id="7d38be6f" data-element_type="widget" data-widget_type="image.default">
  832. <div class="elementor-widget-container">
  833. <img loading="lazy" decoding="async" width="1924" height="670" src="https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-P-in-2024.png" class="attachment-full size-full wp-image-29112" alt="" srcset="https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-P-in-2024.png 1924w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-P-in-2024-300x104.png 300w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-P-in-2024-1024x357.png 1024w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-P-in-2024-768x267.png 768w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-P-in-2024-1536x535.png 1536w" sizes="auto, (max-width: 1924px) 100vw, 1924px" /> </div>
  834. </div>
  835. <div class="elementor-element elementor-element-f42fb66 elementor-widget elementor-widget-heading" data-id="f42fb66" data-element_type="widget" data-widget_type="heading.default">
  836. <div class="elementor-widget-container">
  837. <h3 class="elementor-heading-title elementor-size-default">Average Number of Offers Per Sale</h3> </div>
  838. </div>
  839. <div class="elementor-element elementor-element-3ac4187e elementor-widget elementor-widget-text-editor" data-id="3ac4187e" data-element_type="widget" data-widget_type="text-editor.default">
  840. <div class="elementor-widget-container">
  841. <p>The disposal of Lloyd’s pharmacies last year generated unprecedented buyer demand from the market, which adversely impacted independent sellers at the time and resulted in diluting the level of interest and average number of offers received per pharmacy. As the market has gradually recovered during 2024, to date we have experienced a further reduction in the average figure, as many buyers report having depleted funds available to purchase due to corporate acquisitions made last year or difficulties in securing bank funding in some cases due to concerns over profitability of the target business.</p> </div>
  842. </div>
  843. <div class="elementor-element elementor-element-125eabc dce_masking-none elementor-widget elementor-widget-image" data-id="125eabc" data-element_type="widget" data-widget_type="image.default">
  844. <div class="elementor-widget-container">
  845. <img loading="lazy" decoding="async" width="800" height="309" src="https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-offers-per-sale-2024-1024x395.png" class="attachment-large size-large wp-image-29113" alt="" srcset="https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-offers-per-sale-2024-1024x395.png 1024w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-offers-per-sale-2024-300x116.png 300w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-offers-per-sale-2024-768x296.png 768w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-offers-per-sale-2024-1536x592.png 1536w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-offers-per-sale-2024.png 1888w" sizes="auto, (max-width: 800px) 100vw, 800px" /> </div>
  846. </div>
  847. <div class="elementor-element elementor-element-40460ce3 elementor-widget elementor-widget-heading" data-id="40460ce3" data-element_type="widget" data-widget_type="heading.default">
  848. <div class="elementor-widget-container">
  849. <h3 class="elementor-heading-title elementor-size-default">Average EBITDA Multipliers</h3> </div>
  850. </div>
  851. <div class="elementor-element elementor-element-5a090f78 elementor-widget elementor-widget-text-editor" data-id="5a090f78" data-element_type="widget" data-widget_type="text-editor.default">
  852. <div class="elementor-widget-container">
  853. <p>A high proportion of smaller turnover pharmacies with lower profitability completing so far this year has resulted in a slight uplift in the average multiple of EBITDA achieved, from 9.16 in 2023 to 9.84 currently. This increasing trend is expected to continue for the foreseeable future.</p> </div>
  854. </div>
  855. <div class="elementor-element elementor-element-69e301f2 elementor-widget elementor-widget-heading" data-id="69e301f2" data-element_type="widget" data-widget_type="heading.default">
  856. <div class="elementor-widget-container">
  857. <h3 class="elementor-heading-title elementor-size-default">Profit Margins</h3> </div>
  858. </div>
  859. <div class="elementor-element elementor-element-2fd7458b elementor-widget elementor-widget-text-editor" data-id="2fd7458b" data-element_type="widget" data-widget_type="text-editor.default">
  860. <div class="elementor-widget-container">
  861. <p>Gross profit margins continue to remain under significant pressure. Issues such as increased wholesale drug costs, dispensing of some drug lines at losses, reduced drug tariff reimbursements and medicine shortages persist, contributing to an increase in the number of pharmacies reporting substantial declines in their profit margin this year.</p> </div>
  862. </div>
  863. <div class="elementor-element elementor-element-ca213a9 dce_masking-none elementor-widget elementor-widget-image" data-id="ca213a9" data-element_type="widget" data-widget_type="image.default">
  864. <div class="elementor-widget-container">
  865. <img loading="lazy" decoding="async" width="800" height="284" src="https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-GP-margins-2024-1024x363.png" class="attachment-large size-large wp-image-29114" alt="" srcset="https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-GP-margins-2024-1024x363.png 1024w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-GP-margins-2024-300x106.png 300w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-GP-margins-2024-768x272.png 768w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-GP-margins-2024-1536x544.png 1536w, https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Average-GP-margins-2024.png 1966w" sizes="auto, (max-width: 800px) 100vw, 800px" /> </div>
  866. </div>
  867. <div class="elementor-element elementor-element-41665d73 elementor-widget-divider--view-line elementor-widget elementor-widget-divider" data-id="41665d73" data-element_type="widget" data-widget_type="divider.default">
  868. <div class="elementor-widget-container">
  869. <div class="elementor-divider">
  870. <span class="elementor-divider-separator">
  871. </span>
  872. </div>
  873. </div>
  874. </div>
  875. <div class="elementor-element elementor-element-1af3482 elementor-widget elementor-widget-testimonial" data-id="1af3482" data-element_type="widget" data-widget_type="testimonial.default">
  876. <div class="elementor-widget-container">
  877. <style>/*! elementor - v3.16.0 - 13-09-2023 */
  878. .elementor-testimonial-wrapper{overflow:hidden;text-align:center}.elementor-testimonial-wrapper .elementor-testimonial-content{font-size:1.3em;margin-bottom:20px}.elementor-testimonial-wrapper .elementor-testimonial-name{line-height:1.5;display:block}.elementor-testimonial-wrapper .elementor-testimonial-job{font-size:.85em;display:block}.elementor-testimonial-wrapper .elementor-testimonial-meta{width:100%;line-height:1}.elementor-testimonial-wrapper .elementor-testimonial-meta-inner{display:inline-block}.elementor-testimonial-wrapper .elementor-testimonial-meta .elementor-testimonial-details,.elementor-testimonial-wrapper .elementor-testimonial-meta .elementor-testimonial-image{display:table-cell;vertical-align:middle}.elementor-testimonial-wrapper .elementor-testimonial-meta .elementor-testimonial-image img{width:60px;height:60px;border-radius:50%;-o-object-fit:cover;object-fit:cover;max-width:none}.elementor-testimonial-wrapper .elementor-testimonial-meta.elementor-testimonial-image-position-aside .elementor-testimonial-image{padding-right:15px}.elementor-testimonial-wrapper .elementor-testimonial-meta.elementor-testimonial-image-position-aside .elementor-testimonial-details{text-align:left}.elementor-testimonial-wrapper .elementor-testimonial-meta.elementor-testimonial-image-position-top .elementor-testimonial-details,.elementor-testimonial-wrapper .elementor-testimonial-meta.elementor-testimonial-image-position-top .elementor-testimonial-image{display:block}.elementor-testimonial-wrapper .elementor-testimonial-meta.elementor-testimonial-image-position-top .elementor-testimonial-image{margin-bottom:20px}</style> <div class="elementor-testimonial-wrapper">
  879. <div class="elementor-testimonial-content">"You can’t predict one month to the next and a few drugs can make the difference in making a profit"</div>
  881. <div class="elementor-testimonial-meta elementor-has-image elementor-testimonial-image-position-aside">
  882. <div class="elementor-testimonial-meta-inner">
  883. <div class="elementor-testimonial-image">
  884. <img loading="lazy" decoding="async" width="286" height="279" src="https://hutchings-pharmacy-sales.com/wp-content/uploads/2024/10/Quote-marks.png" class="attachment-full size-full wp-image-29115" alt="" /> </div>
  886. <div class="elementor-testimonial-details">
  887. <div class="elementor-testimonial-name">Olivier Picard</div>
  888. <div class="elementor-testimonial-job">Owner of Newdays Pharmacy Group, board member of the NPA and representative for Community Pharmacy England</div>
  889. </div>
  890. </div>
  891. </div>
  892. </div>
  893. </div>
  894. </div>
  895. <div class="elementor-element elementor-element-b6d094b elementor-widget elementor-widget-text-editor" data-id="b6d094b" data-element_type="widget" data-widget_type="text-editor.default">
  896. <div class="elementor-widget-container">
  897. <p>Pharmacies supply chain struggles were highlighted in a report issued earlier this year by the NPA, which stated that “the number of Serious Shortage Protocols issued in the last two years is 3.5 times higher than in the previous two years.”</p><p>While the average margin has reduced to 33% in 2024 to date, contractors are to be commended for their increased focus on astute purchasing as part of efforts to mitigate the financial impact of the ongoing challenges.</p> </div>
  898. </div>
  899. <div class="elementor-element elementor-element-a06b890 elementor-widget elementor-widget-heading" data-id="a06b890" data-element_type="widget" data-widget_type="heading.default">
  900. <div class="elementor-widget-container">
  901. <h3 class="elementor-heading-title elementor-size-default">Pharmacy Buyer's Finance</h3> </div>
  902. </div>
  903. <div class="elementor-element elementor-element-6b9e8f5 elementor-widget elementor-widget-text-editor" data-id="6b9e8f5" data-element_type="widget" data-widget_type="text-editor.default">
  904. <div class="elementor-widget-container">
  905. <p>Bank funded acquisitions have accounted for over 95% of the transactions over the course of the last 12 months, highlighting again how crucial their continuing support is in facilitating transactions in the sector. Although inflationary and cost of living pressures have eased recently with the Bank of England base rate reduction to 5%, concerns remain over the level of ongoing pharmacy costs. As a result, bank credit teams continue to focus heavily on the profitability of the target business in order to assess the buyer’s on-going capacity to service the loan when considering applications.</p><p>Following a significant reduction in the volume of sale transactions since last year, lending decision timescales have improved and buyers are required to fund between 20% and 30% of the purchase price as a deposit contribution to facilitate loan agreements.</p> </div>
  906. </div>
  907. <div class="elementor-element elementor-element-058429c elementor-widget elementor-widget-text-editor" data-id="058429c" data-element_type="widget" data-widget_type="text-editor.default">
  908. <div class="elementor-widget-container">
  909. <p>David Brewer, Director of specialist pharmacy finance brokers FTA Finance, comments:</p> </div>
  910. </div>
  911. <div class="elementor-element elementor-element-dc5e141 elementor-widget elementor-widget-text-editor" data-id="dc5e141" data-element_type="widget" data-widget_type="text-editor.default">
  912. <div class="elementor-widget-container">
  913. <p>“The wider economy continues the road to recovery, with interest rates now appearing to have reached their peak and slowly reducing, with a 0.25% reduction in August and expectation for further reductions before the year ends. Cost of living factors, however, remain, although with inflationary pressures easing, the outlook for consumer confidence and spending is starting to look more positive.</p><p>The uptick in consumer confidence, coupled with the government’s focus on promoting primary care and direct access through the Pharmacy First scheme, bodes well for the profession. The banks are fully aware of this and continue to view pharmacy in a positive manner.</p><p>It is true to say there is often no perfect time to buy or sell—it’s about taking the right opportunity for your specific situation.”</p> </div>
  914. </div>
  915. </div>
  916. </div>
  917. </div>
  918. </section>
  919. <div class="elementor-element elementor-element-a8d64cf elementor-widget-divider--view-line elementor-widget elementor-widget-divider" data-id="a8d64cf" data-element_type="widget" data-widget_type="divider.default">
  920. <div class="elementor-widget-container">
  921. <div class="elementor-divider">
  922. <span class="elementor-divider-separator">
  923. </span>
  924. </div>
  925. </div>
  926. </div>
  927. <div class="elementor-element elementor-element-2d4698fc elementor-widget elementor-widget-heading" data-id="2d4698fc" data-element_type="widget" data-widget_type="heading.default">
  928. <div class="elementor-widget-container">
  929. <h2 class="elementor-heading-title elementor-size-xl">Market Predictions For The Next 12 Months</h2> </div>
  930. </div>
  931. <div class="elementor-element elementor-element-4258c0d3 elementor-widget elementor-widget-text-editor" data-id="4258c0d3" data-element_type="widget" data-widget_type="text-editor.default">
  932. <div class="elementor-widget-container">
  933. <p>While financial pressures continue to weigh heavily on the pharmacy sector, the recent Darzi report has reconfirmed the key role community pharmacy has both now and in the future, providing healthcare solutions to the nation’s population. Although this government is in its infancy, initial messages delivered towards the sector appear more positive compared to those of previous years. As recently as the 10th of September, Baroness Merron, the Parliamentary Under Secretary for the Dept. of Health and Social Security, stated, “Pharmacies are key to our plans to make healthcare fit for the future as we shift healthcare out of hospitals and into the community.”.</p><p>The Pharmacy First Scheme and change of government have injected some optimism into the market and hopefully provided a springboard to further positive changes in the months and years ahead.</p><p>Olivier Picard commented, “The increased provision of services to be offered by pharmacies provides a chance for pharmacists to re-invent themselves. There are great opportunities in pharmacy; the key is to understand how to access the money available.”</p><p>Looking ahead, we expect the supply of new pharmacies coming to the market to remain steady with no large-scale divestments envisaged in the very short term. With the emphasis on the delivery of services to ensure profitability, many contractors will continue to implement exit strategies to allow new owners to incorporate necessary changes within the business. Group owners and multiples are also expected to continue streamlining their existing operations, instigating smaller disposals of branches. Confidence and appetite to acquire remain positive but cautious from buyers, but as we see further interest rate reductions, we anticipate increasing positivity within the sector. Government proposals for community pharmacy are crucial in supporting buyer confidence, and all stakeholders in the sector will no doubt eagerly await further announcements on future plans.</p><p>Hutchings Consultants Ltd are happy to have an initial discussion and provide a free valuation for any contractors thinking of selling.</p> </div>
  934. </div>
  935. <div class="elementor-element elementor-element-3d861ea elementor-widget elementor-widget-text-editor" data-id="3d861ea" data-element_type="widget" data-widget_type="text-editor.default">
  936. <div class="elementor-widget-container">
  937. <p>Want to know more or discuss the sale of your pharmacy? </p> </div>
  938. </div>
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  940. <div class="elementor-widget-container">
  941. [contact-form-7] </div>
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  943. </div>
  944. </div>
  945. </div>
  946. </section>
  947. </div>
  948. <p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/market/hutchings-2024-england-pharmacy-market-update/">Hutchings 2024 England Pharmacy Market Update</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
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  956. <item>
  957. <title>Basingstoke Rd. Pharmacy, Berkshire &#8211; SOLD</title>
  958. <link>https://hutchings-pharmacy-sales.com/case-studies/basingstoke-rd-pharmacy-berkshire-sold/</link>
  959. <comments>https://hutchings-pharmacy-sales.com/case-studies/basingstoke-rd-pharmacy-berkshire-sold/#respond</comments>
  961. <dc:creator><![CDATA[Jackie Puddephatt]]></dc:creator>
  962. <pubDate>Thu, 26 Sep 2024 10:03:10 +0000</pubDate>
  963. <category><![CDATA[Successful Pharmacy Sales]]></category>
  964. <guid isPermaLink="false">https://hutchings-pharmacy-sales.com/?p=29103</guid>
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  966. <description><![CDATA[<p>The post <a rel="nofollow" href="https://hutchings-pharmacy-sales.com/case-studies/basingstoke-rd-pharmacy-berkshire-sold/">Basingstoke Rd. Pharmacy, Berkshire &#8211; SOLD</a> appeared first on <a rel="nofollow" href="https://hutchings-pharmacy-sales.com">Hutchings Pharmacy Sales &amp; Valuations</a>.</p>
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