Hickey’s Pharmacy has signed an agreement with Uniphar Group, who – subject to approval from the Competition and Consumer Protection Commission (“CCPC”) – will fully acquire Hickey’s Pharmacy.
It is believed, the acquisition is estimated to be worth up to €60m.
This is a very significant milestone in the development of Hickey’s Pharmacy and one that will strengthen the business even further as it enters its next phase.
Uniphar is a global partner to pharma and MedTech manufacturers working to improve patient access to medicines in Europe and around the world. Set up by a group of Irish community pharmacists more than 50 years ago, it is one of the leading suppliers in the wholesale market and currently operates two nationwide pharmacy groups – Allcare Pharmacy and Life Pharmacy.
The acquisition will add 36 community pharmacies to Uniphar’s existing network, increasing its retail pharmacies to 335.
‘The Hickey’s Pharmacy team are fully committed to providing exceptional patient and customer care and the change in ownership will not impact the standard of care each and every one of our valued patients receives in their local Hickey’s Pharmacy. It is also important to note that as part of the change of ownership all employee entitlements and rights will be fully protected and maintained,’ the group said in a statement.
Having reached its 25 year anniversary last month, Hickey’s Pharmacy has grown and developed into the country’s leading Irish-owned community pharmacy group. Founder and Managing Director Paddy Hickey commented “We have a proud heritage of serving our customers and catering to the needs of individuals, families and patients in residential care, whilst also being very much part of the communities which we serve. I would like to personally acknowledge and thank each and every one of the Hickey’s team for their support and loyalty over the years who have ensured we maintain the highest standard of patient and customer care.”