Pair of popular pharmacies sold to Leicester-based group

West Elloe Pharmacy

BMP Healthcare has snapped up a pair of pharmacies in Lincolnshire for an undisclosed sum.

The Leicester-based group has acquired West Elloe Pharmacy in Spalding and Knight Street Pharmacy in Pinchbeck, both previously operated by Stagedale Limited, in a deal orchestrated by Carl Steer and Tony Evans at specialist property advisors Christie & Co.

Stagedale owned and operated the two sites for over a quarter of a century.

Ryszard Cygan, managing director of Stagedale, said: “We are delighted to have sold the business to BMP Healthcare, a young and exciting group which shares the same ethos and principles we have had at the core of our business for the last 25 years. We are confident that Rahul and team will continue to develop the services the pharmacies offer, further enhancing their profile with patients across the Spalding area.”

Rahul Patel, managing director of BMP Healthcare Limited, said: “We are delighted to have acquired such a prestigious pharmacy business which has been at the heart of community pharmacy in the Spalding area for over a quarter of a century. Working alongside our existing eight pharmacies, we are looking forward to delivering not only the strong service the pharmacies already offer but also to introducing additional services to further enhance the delivery of care to our patients.”

Carl Steer, director – medical at Christie & Co, added: “The sale of Stagedale Limited demonstrates the appetite and confidence some operators have in the marketplace. Knowing Rahul’s existing pharmacy estate, the purchase of Stagedale Limited’s pharmacies will complement this further to the benefit of patients and the communities the pharmacies serve.”

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