Former Sam McCauley boss takes on embattled Cara group
Group went into examinership in September after interim report laid bare issues of high rental costs and HSE legal case to defend
A consortium led by Patrick McCormack, former managing director of Sam McCauley pharmacy group, is acquiring the Cara Pharmacy group, the Business Post understands.
The group’s directors and founders are Ramona Nicholas, a former RTÉ Dragons’ Den investor and Canice Nicholas, her husband.
The group went into examinership in September following a High Court application by Elm Corporate Credit DAC, Cara Pharmacy’s largest and only secured creditor.
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Irish woman sues state over passport refusal for two sons
The woman’s lawyers believe the State has incorrectly interpreted the definition of a parent under Irish law
Andrew’s last stand: How the Duke of York is taking a legal gamble in attacking the credibility of his accuser
Defending himself against explosive sexual assault claims, the Duke of York has opted for a legal strategy which seeks to damage Virginia Giuffre, but even if successful, he seems certain never to return to royal duties
‘Davy 16’ could be forced to reveal Anglo bond profits
Lawyers for Paddy Kearney, the Northern Ireland developer who is suing the stockbroker, have filed an affidavit seeking to disclose how much profit each made personally from the transaction
Government seeks changes to stop delays in scrutiny of bills
Pre-legislative committee process of checking bills has been lauded for saving on revisions and improving democracy, but has been taking up to a year