LloydsPharmacy to acquire Sainsbury’s pharmacy business for £125m

LONDON, 2015-7-31 — /EPR Retail News/ — J Sainsbury Plc (Sainsbury’s) and Celesio AG, owner of Lloyds Pharmacy Ltd (LloydsPharmacy), today announce the formation of a strategic partnership that will see LloydsPharmacy acquire Sainsbury’s pharmacy business for £125m.

In addition, Sainsbury’s will receive commercial annual rent payments from LloydsPharmacy for each location.

Sainsbury’s and LloydsPharmacy customers will benefit from an enhanced pharmacy service delivered from Sainsbury’s stores with all the benefits of accessible parking, flexible opening hours and convenient locations.

Mike Coupe, CEO of Sainsbury’s, said: “Pharmacy services are incredibly popular with Sainsbury’s customers and we are delighted to be teaming up with LloydsPharmacy to develop our offer. Working together with a specialist operator like LloydsPharmacy will enable us to grow and extend our pharmacy services to customers, whilst realising value for shareholders today from the pharmacy business we have grown organically over the last 20 years.”

LloydsPharmacy is the country’s second biggest retail pharmacy operator with more than 1,500 stores across the UK. The company takes a service-led approach to community pharmacy aiming to improve access to healthcare while alleviating pressure on GPs.

Marc Owen, Chairman of the Management Board of Celesio AG, owner of LloydsPharmacy said: “We are extremely pleased to be working with Sainsbury’s and look forward to welcoming our new colleagues to the LloydsPharmacy and Celesio family. This is a very important milestone for us as we continue to invest in LloydsPharmacy and our collaboration with Sainsbury’s will help to improve the health and wellness of our mutual customers.”

Cormac Tobin, Managing Director of LloydsPharmacy and Celesio UK, said: “Sainsbury’s is a fantastic fit for LloydsPharmacy. We are both passionate about excellent customer service and making a positive impact on the communities we serve. Health is our focus and over recent years we have developed a range of services to make it easier for people to manage their health, such as our pain management and skin health services, and we look forward to making these even more accessible via the Sainsbury’s network.”

Under the terms of the transaction, LloydsPharmacy has agreed to acquire 281 pharmacies in total, including 277 in-store pharmacies and four located in hospitals, all of which will be rebranded as LloydsPharmacy.

As part of the Partnership Agreement approximately up to 2,500 Sainsbury’s pharmacy colleagues will transfer to LloydsPharmacy under TUPE.

The deal is expected to complete by the end of February next year, subject to regulatory conditions being satisfied.

###

Dog Pedometer – a gadget that aims to ensure dogs get enough exercise in order to fight the growing rates of diabetes in pets

Lloydspharmacy has introduced a new range of products, including the Dog Pedometer, in time for Christmas. Lloydspharmacy has released a new range of pet products with particular focus on the Dog Pedometer – a gadget that aims to ensure dogs get enough exercise in order to fight the growing rates of diabetes in pets. With the RSPCA estimating that as many as half of UK dogs are now overweight* and experts agreeing that one in 500 dogs will suffer from diabetes**, an obesity related illness, dog owners are being urged to consider their pet’s health this Christmas.

Healthcare specialists Lloydspharmacy have launched a new range of Christmas gifts for pets so that owners can give their favourite ‘family member’ something fun, stylish and good for them.

With recent research showing that 30% of dogs in the UK are overweight*** there is a very real chance that many pets could be in serious need of some more exercise. Furthermore, it is estimated that one in 500 dogs will develop diabetes during their lifetime – a serious medical condition affecting blood sugar levels, which are best controlled in animals by exercise along with diet and blood glucose monitoring.

All the evidence points to the fact that dogs need the right amount of exercise to stay healthy, yet many owners are blissfully unaware of how much exercise their pooches are actually getting – so they have no way of knowing if they are getting enough.

For this Christmas, Lloydspharmacy has launched a new Dog Pedometer, so that dog owners can give their beloved pet a gift that will benefit them well beyond the usual festive treats and bones, and give them the healthiest and happiest start to the New Year. With the capacity to count up to 99,999 steps and offering two different modes to fit smaller and larger animals, the Dog Pedometer will help keep track of a pet’s exercising so that owners can plan and monitor its improvement over time.

A lightweight and compact device, the electronic Dog Pedometer is designed in white and black in the shape of a canine’s face, so it will look charming on every four-legged friend. Sliding comfortably onto a collar, its one touch digital display provides instant feedback on the dog’s activity.

Other gifts in the Lloydspharmacy Christmas pet gift range include a black dog collar with silver paw motifs, which is available in two sizes and made from 100% polyurethane, and a cat collar, that comes in gold and silver, with diamante studs and a bell.

Diabetes is a serious condition, which led Lloydspharmacy to introduce free diabetes tests through their pharmacies.

About Lloydspharmacy:
Lloydspharmacy is the trading name of Lloyds Pharmacy Limited, a wholly owned subsidiary of Celesion AG based in Stuttgart. Lloydspharmacy has more than 1700 pharmacies across the UK and employs more than 16,000 members of staff. Lloydspharmacy offers free type 2 diabetes screening tests and free blood pressure tests.

~~~~
*According to information provided on the RSPCA website.
**S.J. Ettinger, E.C. Feldman: Textbook of Veterinary Internal Medicine, 5th Edition, Vol. 2, 2000 pg. 1438 
***Results are based on over 9,000 dogs given PDSA pet health checks between March and October 2006 and March and October 2007. Figures are extrapolated.

Via EPR Network
More Retail press releases