Celesio expands pharmacy network in the United Kingdom
Celesio subsidiary Lloydspharmacy acquires 63 pharmacies
Stuttgart/Coventry, 25 April 2007. Celesio AG's British subsidiary,
Lloydspharmacy, today announced the acquisition of 63 pharmacies in
the United Kingdom.
Lloydspharmacy recently acquired 29 pharmacies from Manichem based in
the southern Home Counties. A further 34 pharmacies are to be
acquired from the Independent Pharmacy Care Centres (IPCC) chain.
IPCC operates pharmacies in the Midlands and the North of England
such as in Birmingham, Sheffield and Manchester.
The pharmacies are a good strategic fit for the Lloydspharmacy
portfolio as they focus strongly on prescriptions and services.
Furthermore, they are located in areas of the United Kingdom where
Lloydspharmacy is still underrepresented.
With over 1,600 pharmacies, Lloydspharmacy is the largest community
pharmacy chain.
Stefan Meister, responsible for the pharmacy business within the
Celesio Management Board, says that the acquisition is a further,
consistent step in Celesio's strategy, "to use every sensible
opportunity to expand our business".
About Celesio Group:
In 2006 Celesio generated 21.6 billion euros revenue. More than
36,000 people work for the company. Celesio operates in 16 countries.
The three business divisions Wholesale, Pharmacies and Solutions
cover the whole spectrum of pharmaceutical distribution and services.
In Wholesale 135 branches bring medicines to pharmacies about 100,000
times every day. About 2,100 pharmacies serve each day more than
500,000 customers. The Solutions division offers pharmaceutical
manufacturers logistics and transportation services und supports them
with sales and marketing.
Press contact:
Rainer Berghausen, Celesio AG, +49 (0)711.5001-549
rainer.berghausen@celesio.com
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Celesio AG
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