Pharmacy chains also feel the pain of HSE cuts

Pharmacy owners claim HSE fee cuts will close many of them down, but how are chain stores surviving in the economic storm? Susan Mitchell reports

8th August, 2009

The €157million acquisition of Unicare by the German firm Gehe in 2001 was one of a number of high-profile sales that propelled some community pharmacists to the ranks of the super-rich.

Big money was being paid by the buyers of these pharmacies, although in many cases they were not buying the property - just the right to operate a pharmacy there.

The extraordinarily high prices being paid were partly due to restrictions on the opening...

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