Lichfield01543 263456

St Mary's Chambers
5-7 Breadmarket Street
Lichfield
Staffordshire
WS13 6LQ

DX: 19004

Link to map

Tel: 01543 263456
Fax: 01543 250942

Cannock01543 466660

Commerce House
Ridings Park
Eastern Way
Cannock
Staffordshire
WS11 7FJ

DX: 16092

Link to map

Tel: 01543 466660
Fax: 01543 571682

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Pharmacy

Ansons is one of the country's leading specialist pharmacy law firms. We work with pharmacy owners and operatives from the Isle of Wight to the Scottish Borders and our team really understand the specific issues facing your pharmacy business.

We have particular strength in buying, selling or refinancing pharmacies and have advised on over 35 transactions in the last twelve months. Recent transactions include:

  • the acquisition of a 12 site pharmacy group in Wales for in excess of £6 million;
  • the acquisition of a London based pharmacy for in excess of £3.5 million;
  • the acquisition of two pharmacies in Lancashire and Yorkshire from a major pharmacy chain for in excess of £3 million, including management agreements;
  • the disposal of a pharmacy in Exeter for in excess of £1 million; and
  • the refinancing of a pharmacy in Berkshire for circa £2 million.

Click here to download our brochure for pharmacies.

Our services to pharmacies include:

  • buying or selling assets or shares in a pharmacy; 
  • drafting and negotiating heads of agreement, exclusivity agreements (including costs indemnities) and confidentiality agreements;
  • legal due diligence - raising and or responding to due diligence enquiries and providing a comprehensive major issues due diligence report for buyers;
  • advising on and negotiating the sale contract, including dealing with completion accounts, price adjustments, earn-outs, Category M issues, fee and allowance reductions, restrictive covenants, warranty and indemnity negotiations;
  • dealing with all aspects of disclosure including drafting and negotiating the disclosure letter and preparing the disclosure bundle to reduce the risk of any future warranty claims;
  • drafting and negotiating pharmacy management agreements for the operation of the business by the buyer pending the transfer to the buyer of the PCT contract;
  • advising on the legal and step by step procedural requirements of the transfer of employees from a seller to a buyer under to the Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE);
  • banking and finance of buying or refinancing a pharmacy, acting for both funders and buyers or owners in relation to acquisition finance or refinancing. This includes dealing with security documents (debentures, legal mortgages, fixed charges, personal guarantees), inter-creditor deeds, subordination arrangements and ancillary company compliance requirements (board minutes, shareholder resolutions); and
  • all property matters associated with pharmacy developments, buying, selling or refinancing your pharmacy business.

Ansons pharmacy professional network (our close professional contacts within the Pharmacy Sector) also includes advisers who can help with pharmacy regulation and pharmacy finance. 

Ansons are members of the National Pharmacy Association. 

 

 

 

 

Related news

June 21st, 2017
Pharmacy transactions off to flying start in 2017
read more »
May 25th, 2017
Common issues arising in pharmacy transactions in 2017
read more »

What others say...

"We have had regular opportunity to work with Ansons on both the sell and buy side of deals. Their professionalism and thorough understanding of the sector makes them stand out and helps drive sales, always with their client’s interests at heart. We have no hesitation in recommending them to those looking to buy or sell a pharmacy business." Tony Evans, Director, Christie & Co

 

"The Lloyds TSB Healthcare Banking Team has completed many pharmacy transactions where Ansons have been involved, either acting for the purchasers or representing the Bank.  The sector knowledge and expertise of the Ansons Corporate team is well-acknowledged and valued, and has smoothed the passage of a number of challenging deals to completion."  Lloyds TSB Healthcare Banking.

Who to contact

© All rights reserved. Ansons Solicitors Limited (trading as Ansons Solicitors and Ansons) is a UK law firm registered in England and Wales as a limited liability company No. 09425410 whose registered office is at St Mary’s Chambers 5-7 Breadmarket Street, Lichfield, Staffordshire, WS13 6LQ. Ansons Solicitors Limited is authorised and regulated by the Solicitors Regulation Authority with SRA No. 627635.
A list of directors and their professional qualifications is available for inspection at the registered office. The term director in relation to Ansons Solicitors Limited is used to refer to a director of Ansons Solicitors Limited or an employee of equivalent standing and qualification.