Pair of pharmacies sold out of administration
Two Derbyshire pharmacies trading under the John Dent (Chemist) name have been sold out of administration in a deal brokered by property adviser Christie & Co.
Dents of Chesterfield on Windermere Road and Dents Pharmacy in Saltergate boast over 100 years of trading history. Together, they dispense an average of 16,000 items per month.
The pharmacies fell into administration in late 2023 and have been bought Sachin Tammewar of SSS Healthcare, a multiple pharmacy operator based in South Yorkshire who now owns five branches.
Carl Steer, director – pharmacy at Christie & Co, said “It is always regrettable to see any business enter Administration but more so with such a long-established brand. We were tasked with attracting a buyer on the best terms as soon as possible and quickly gained multiple offers. We agreed a sale with the benefit to the Administrator of the buyer entering the pharmacies on a management agreement.
“The pharmacy sales market has proven resilient across the Midlands in 2024, with records sales achieved by Christie & Co. Sales have been well-represented across every type and size from independent sellers of one business through to our successful sale of numerous pharmacies sold as part of Project Echo for a national operator.
“As we go into 2025, we expect more operators seeking to sell from the independent sector, which will be well-served by our large database of first-time buyers and acquisitive small-medium sized groups seeking new opportunities.”
John Dent (Chemist) Ltd was sold for an undisclosed price.
