This site is intended for Healthcare Professionals only

Walthamstow pharmacy sold after owner decides to retire


Walthamstow pharmacy sold after owner decides to retire

Three pharmacists have bought a pharmacy in north-east London after the previous owner decided to retire.

Leyton Green Pharmacy in Walthamstow, which dispenses an average of 2,697 items a month and is on a busy road on the southern outskirts of the borough, was acquired by three pharmacists led by Abdus Subhan, who runs Barakah Healthcare Ltd, for an undisclosed price.

The other pharmacists were not named by Christie and Co who handled the sale but it told Independent Community Pharmacist that Subhan and Barakah Healthcare now own three pharmacies.

The previous owner Raj Baxi owned Leyton Green Pharmacy for 15 years before he opted for retirement. Subhan said he and his colleagues were looking “forward to improving the clinical services on offer at the pharmacy, including the introduction of a free prescription delivery service.”

Mark Page, director-pharmacy at Christie & Co, said: “This was a very popular pharmacy from the moment it came to the market. We quickly received a range of bids from both first-time buyers and current operators.

“Having worked with Abdus and his team in the past - this is the second pharmacy we have sold the group - I knew them to be genuine buyers so had no problem recommending their offer.

“True to their word, they progressed quickly on this very smooth transaction, which took just five months from instruction to completion. Raj will now get to see his beloved West Ham every week!”

Copy Link copy link button