A leading pharmacy chain on the high street has stepped in to rescue 60 branches of a competing firm facing financial difficulties. Allied Pharmacies has taken over the management of 60 Jhoots Pharmacies locations, most of which are currently closed. Allied has stated its commitment to restoring essential pharmacy services at these branches.
This acquisition expands Allied’s presence to approximately 210 branches in England and Wales, as reported by C+D. The company emphasized the crucial role of community pharmacies in public health and wellbeing, expressing concern for the impact of closures on vulnerable groups reliant on local healthcare services.
Following reports of Jhoots Pharmacies facing closures and financial challenges, MPs were briefed on the situation. The ownership of the pharmacies is shared between brothers Manjit and Sarbjit Jhooty, with Manjit overseeing over 20 branches and Sarbjit owning the rest. Manjit Jhooty affirmed the stability of his businesses, denying any operational issues, while Sarbjit acknowledged workforce challenges and assured efforts to address them.
In response to queries, Jhoots has not provided further comments. The handover of these branches aims to swiftly resume pharmaceutical services to minimize disruption.