Brennans deal the perfect prescription for PCT Healthcare
East Midlands based pharmacy chain KM Brennan (Chemists) has been sold to Chesterfield’s PCT Healthcare.
The deal means that six pharmacies across the East Midlands will pass to PCT Healthcare.
The first Brennans pharmacy opened in Beaumont Leys in 1980, the company has since grown from a single site to operating six pharmacies in the greater Leicestershire and Derbyshire area focused on community-based pharmacy services.
Chesterfield headquartered PCT Healthcare is the third largest independent pharmacy chain in the UK. Having earlier in the year completed the acquisition of WR Evans (Chemist), the enlarged group employs over 1,400 people and operates under the Peak Pharmacy, Tims and Parker, Manor Pharmacy and Cox and Robinson brands.
Peter Cattee, PCT Healthcare CEO, said: “The transfer of Kevin Brennan’s business into Peak Pharmacy is an ideal opportunity for us to develop the business out of our traditional Derbyshire/Nottinghamshire base towards our branches further south.
“Kevin has built up a tremendous business by his hard work and application and we shall be following in his footsteps by continuing to concentrate on personal service, staff training and development and family culture – all supported by our strong operational background.
“Pharmacy continues to be integral to the needs of the NHS and in many regards looks like a practical solution to some of its current problems. PCT Healthcare is well-placed to deliver services in this environment.”
Cooper Parry acted as lead advisers to the shareholders of KM Brennan. The Nottingham office of Gateley provided legal advice to the selling shareholders.
Ben Rookes, corporate finance director at Cooper Parry, said: “We are delighted to work with the shareholders of Brennans on this retirement sale. PCT Healthcare has acquired a business with a similar culture and commitment to excellent healthcare advice and customer service.
“Community pharmacy continues to be at the front line of NHS primary care with an important role to play in alleviating pressure on GP’s and the wider NHS.”
