Celesio UK to cease trading in 190 LloydsPharmacy branches

Celesio UK to cease trading in 190 LloydsPharmacy branches

October 26, 2017

LloydsPharmacy owner Celesio UK plans to cease trading in approximately 190 of its LloydsPharmacy stores in England, it has announced.

Many of the stores are expected to close, but Celesio UK said it would take every opportunity to support a smooth transition to new contractors where possible.

Celesio UK said the decision had been made as a result of “recent Department of Health and NHS England cuts to reimbursement policy and increases in retrospective clawback” with changes in policy gradually making operations at many LloydsPharmacy stores commercially unviable.

Cormac Tobin, Managing Director at Celesio UK, said: “We will be doing all that we can to support our affected colleagues and minimise disruption for patients.”

As part of the process of identifying pharmacies for closure, Celesio UK said it had looked at other community pharmacy provision in the area, with a view to mitigating the impact on patients as much as possible.

PSNC Chief Executive Sue Sharpe said:

“Community pharmacy is facing severe financial pressures following the imposition of funding cuts last year and margin reductions in the summer. In these circumstances large businesses such as LloydsPharmacy can undertake comprehensive analyses of their pharmacies’ viability. This decision to make large scale closures indicates the very grave impact that the imposed funding cuts are having now.

PSNC has been warning of the very real threat to pharmacy services and met the Minister, Steve Brine, on Monday 23 October. We highlighted to him the severity of the funding position and the precarious position which many pharmacies find themselves in; and we discussed the need to understand and protect the vital services to patients that community pharmacies provide.

We hope this news will persuade the Minister of the need to take urgent action to restructure funding and services.”

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