This site is intended for Healthcare Professionals only.

Lalys Pharmacy expands business in Portsmouth, acquires City Pharmacy


Share post:

The group has multiple other pharmacies in Hampshire, Dorset, and Surrey

Specialist business property adviser, Christie & Co has confirmed that City Pharmacy in Portsmouth, Hampshire has been purchased by the existing regional operator, JCL (U.K.) LTD – Lalys Pharmacy.

Nyewood Healthcare, which owned the community pharmacy for over 25 years, decided to sell the business to concentrate on their two remaining pharmacies in West Sussex, the broker said.

Located on a busy parade in the North End area of Portsmouth, City Pharmacy dispenses an average of 6,900 items per month, it added.

Following a freehold sale, the business has been acquired by Lalys Pharmacy, which already has multiple other pharmacies in Hampshire, Dorset, and Surrey.

Raj Laly, Director at Lalys Pharmacy, commented: “We are delighted to continue the expansion of our group in Portsmouth as we currently operate right across Hampshire, Surrey, and Dorset.

“We look forward to integrating the business into our group and improving the services on offer at this well-established community pharmacy.”

Claire Johnson, Superintendent Pharmacist of Nyewood Healthcare, told the broker that it wasn’t easy for them to decide to market one of their businesses, albeit confidentially, as they have owned them for many years.

“We were fortunate to receive good interest in the pharmacy from the early stages, and I am delighted with how things went – I feel I had excellent guidance throughout the process and am very happy with the result,” she said.

Jonathan Board, Director – Medical at Christie & Co, revealed that City Pharmacy attracted a wide range of buyers as “it was typical of what is currently in demand – pharmacies with a healthy level of prescriptions, a good level of footfall, and space for the delivery of additional services.”

Despite ongoing operational challenges in the marketplace, there’s is significant demand for well-established, well-located pharmacies, he added.



Please enter your comment!
Please enter your name here

Current Issue December 2023

Related articles

Sigma 2024 Conference: Rishi Sunak sends best wishes to all the participants

The 14th Annual Community Pharmacy Conference by Sigma Pharmaceuticals began on Monday, 25 February at Sun City, South...

Peak Pharmacy branches in Derbyshire and Staffordshire find new owners

‘There is a resurgence in demand for pharmacies that dispense below 4,000 items’ Independent pharmacy chain, Peak Pharmacy, has...

JAS UK granted WDA(H) license for its pharma and healthcare division

Securing the license empowers JAS UK's pharma and healthcare division to seamlessly connect with the company’s more than...

RPS workforce wellbeing survey: 86% of pharmacists are at high risk of burnout

Inadequate staffing is identified as the main factor contributing to poor mental health and wellbeing. The Royal Pharmaceutical...