Pharmacy expansion plans continue following seven figure finance deal

05/09/2023
Allan Gordan (Davidsons) and Kim Campbell (Thorntons)

NATIONAL independent pharmacy chain Davidsons Chemists has revealed its plans for five new branches acquired from Lloyds in a substantial seven-figure deal supported by leading independent law firm, Thorntons.

The business now owns 56 pharmacies including the five new acquisitions. Two are located in Dundee, and one each in Kirriemuir, Montrose and Auchterarder – where it now owns the town’s two chemists.

It has now commenced a rebrand of the new premises, which are gaining new exterior signage and in-store customer communications.

It has also completed the recruitment of three new pharmacist managers for the branches which were being operated by a locum. Their appointments will enable Davidsons to restore and upgrade their operations as well as provide greater certainty for local communities.

Allan Gordon, managing director, Davidsons Chemists, said: “We are making excellent progress with our five new branches, which we are rebuilding as valued local resources that will provide first class community healthcare. Our new pharmacist managers are providing much-needed structure and continuity and anecdotally, we have had great feedback from customers.

“As a business, we have significantly strengthened our position across the Tayside and Perthshire area following the acquisition from Lloyds.

“Thorntons and its knowledgeable team made the process as smooth as it could be, and we thank everyone involved for their support.”

Davidsons, which provides a wide range of pharmacy services including prescriptions, vaccinations, smoking cessation and minor ailment care, is headquartered in Blairgowrie where its first branch opened in 1897.

Thorntons Partner, Healthcare team, Kim Campbell, said: “Davidsons Chemists’ acquisition is a great step forward for an ambitious, growing healthcare business. It’s extremely rewarding to have played a role in bringing these five branches into its ownership, which is set to have a positive impact on both the business and local communities.

“We wish Davidsons’ management team every success as they incorporate the new branches and develop the business.”

Thorntons employs more than 500 people and has 71 partners across 13 Scottish offices including its Glasgow and Edinburgh locations.

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