Lloyds Pharmacy to close 190 stores, blames government funding cuts

Cormac Tobin, managing director at LloydsPharmacy owner Celesio UK, said the closures were in response to “the dramatic funding and reimbursement cuts over the past 24 months”.

“Community pharmacy needs to adapt to the changing requirements of patients and the NHS, indeed it should be part of the solution to an overstretched health service,” Mr Tobin said.

A leaked internal memo to staff – which was verified by a spokesman for Celesio UK – said the business has been hit by pharmacy funding cuts, as well as business rates and the apprenticeship levy, which had made “market conditions challenging”.

Leave a comment