August 2, 2023 | Pharmacy
We are excited to bring you the latest insights from the dynamic world of pharmacy acquisitions. There’s a lot to share, and we believe the current market trends present promising opportunities for potential sellers.
A Noteworthy Increase in Buyer Registrations
Over the last quarter, we’ve observed a significant 10%, month on month increase in buyer registrations. This trend is a clear indication of the growing interest in pharmacy acquisitions and presents a favourable market for those considering selling their pharmacies. The surge in registrations is a testament to the resilience and attractiveness of the pharmacy sector, even amidst challenging times.
Reflection on the Recent Market Trends
This increase in buyer registrations follows a colossal 106% rise in the first quarter of 2023, as reported. We attribute this surge to an upswing in acquisition opportunities due to various multiples implementing divestment plans. We envisage a downturn in the number of available pharmacies for sale over the coming months, which will increase buyer competition. So the current trend suggests a robust market for sellers.
Resilience and Confidence in the Pharmacy Sector
Despite the challenges of the past year, including the pandemic and economic uncertainties, the pharmacy sector has remained commendably stoic. The recently announced £645 million in funding and new services such as the Pharmacy First scheme have undoubtedly boosted confidence in the sector. This resilience and the promising outlook have contributed to the strong buyer confidence we’re currently witnessing.
The Role of Financial Institutions
In addition to the surge in buyer registrations, financial institutions continue to show a strong willingness to lend to the pharmacy sector. This readiness to lend, coupled with the underlying desire to own a pharmacy, suggests that the current trend of increasing buyer registrations is likely to continue. Admittedly, after the consistent hikes in interest base rates from the Bank of England, there is an emphasis on cash rich buyer dominance.
Your Opportunity Awaits
With buyer registrations on the rise and financial institutions ready to lend, now could be an opportune time to consider selling your pharmacy. The current market conditions present a unique opportunity to achieve a successful sale. However, it’s essential to navigate this process with expert guidance to ensure you achieve the best possible outcome.
Looking Ahead
As we move forward, we will continue to monitor trends closely and keep you updated on any significant changes. We understand that the decision to sell your pharmacy is a significant one, and we’re here to provide the support and guidance you need.
As always, we’re here to walk you through every step of the process. If you’re considering selling your pharmacy or if you have any questions about the current market trends, please don’t hesitate to get in touch with us.
August 2, 2023 | Pharmacy
