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Home Industry News Small Pharmacies Suffer as Corporates Close their Doors

Small Pharmacies Suffer as Corporates Close their Doors

1st September 2023

Since July 2017, approximately 915 functional pharmacies across England have ceased to operate. Now just 10,809 remain open.

Large corporations such as LloydsPharmacy and Boots have been responsible for the majority of these closures. Since 2022, LloydsPharmacy has closed about 66% of their branches, and boots has shut 40 of theirs. Boots has also recently revealed they are set to shut another 300 of their pharmacies in the coming year.

The cutthroat decisions of these corporates have left immense stress on the small, standalone enterprises that are still currently in operation. These pharmacies have no choice but to take on the extra work without any additional financing.

According to research by The Pharmaceutical Journal, the 2023 shutdowns may cause over one million prescriptions per month to be transferred to other pharmacies.

Communities experiencing above average levels of poverty are where there is the most need, but these areas have experienced the largest drop, making up 40% of closures during that time. Compared to 10 years ago, the top 1/5 most deprived regions in England now have 13% more people per pharmacy.

Chief Executive Officer of the Kings Fund, Richard Murray, explained that in the more disadvantaged regions, “there are higher levels of ill health. They’ll probably be a lot more walk-ins going into the pharmacy asking for advice, more people going in to collect their medicines, and probably more people struggling with their medicines too”.

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