High dispensing County Durham pharmacy sold for first time in 22 years as owners retire
by Emily Gray · ChronicleLiveA County Durham pharmacy has been sold for the first time in 22 years.
Specialist business property adviser, Christie & Co, has announced the sale of Middleton Pharmacy in Darlington.
Middleton Pharmacy is a community pharmacy that dispenses an average of 10,874 items per month. It sits in the Darlington village of Middleton St George and benefits from a GP surgery close by.
The pharmacy has been owned by Middleton Healthcare Limited - a consortium of three GPs - for the last 22 years. It was brought to market to allow them to retire.
Following a confidential sales process with Karl Clezy at Christie & Co, it has been purchased by the independent contractor, Chemix Group, which owns another pharmacy in Halifax.
Patrick Holmes, former owner of Middleton Pharmacy, said: "We are very happy with the outcome of handing over the business to new owners and keeping the business local. We are confident they will provide excellent care and service to the local community going forward."
Prashanth Takkallapally and Harendra Patel, directors at Chemix Group, added: "We are delighted to acquire Middleton Pharmacy and thank Karl for his time and expertise.
"I am local to the area and when I saw the opportunity, I knew this was the right pharmacy to add to our expanding group. We look forward to growing the business and implementing our plans to improve healthcare in the village."
Karl Clezy, director at Christie & Co, said: "We received significant interest in this pharmacy and managed to attract three offers within the first two weeks on the market.
"The buyers could see that the pharmacy had a lot of potential to improve its trading performance. I wish the sellers well with their retirement, and all the best to the new owners at Chemix Group."
Middleton Pharmacy was sold for an undisclosed price.
Join our WhatsApp communities
ChronicleLive is now on WhatsApp and we want you to join our communities.
We have a number of communities to join, so you can choose which one you want to be part of and we'll send you the latest news direct to your phone. You could even join them all!
To join you need to have WhatsApp on your device. All you need to do is choose which community you want to join, click on the link and press 'join community'.
No one will be able to see who is signed up and no one can send messages except the ChronicleLive team.
We also treat our community members to special offers, promotions, and adverts from us and our partners.
If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'.
If you’re curious, you can read our privacy notice.
Join the ChronicleLive Breaking News and Top Stories community
Join our Court & Crime community
Join the Things to do in Newcastle and the North East community
Join our Northumberland community
Join our County Durham community
Join our Great North Run community