Expanding its market share, Knights Pharmacy has acquired Pearn’s Pharmacies Limited, a group of 20 community pharmacies located throughout South Wales.
With the new acquisition, the regional pharmacy operator now owns and operates 90 pharmacies across England and Wales.
Anand Sodha, director at Knights, said: “We are excited to be working alongside the Pearn’s team. Pearn’s Pharmacies are located directly in the communities they serve and are run with the same shared family values as Knights.”
Founded by David Pearn in 1990, Pearn’s Pharmacies trade in a mixture of community and health centre/health centre adjacent settings in Newport, Cardiff, Merthyr Tydfil, and Swansea.
Pearn said: “After owning and growing this business for all these years, it was vitally important for me to find a company with similar values to my own. I am delighted to be handing the business over to Knights, another family business, who I have full confidence in to maintain the high standards and to serve their local communities.”
Pearn’s Pharmacies was sold for an undisclosed price and the sale was managed by the business property adviser Christie & Co.