LloydsPharmacy

LloydsPharmacy Limited
Subsidiary
Industry Pharmaceuticals
Founder Allen Lloyd
Headquarters UK
Services Pharmacy
Number of employees
 17,000
Parent Celesio AG
Website www.lloydspharmacy.com

LloydsPharmacy is a British pharmacy company, with more than 1,600 pharmacies. It has around 17,000 staff and dispenses over 150 million prescription items annually. It is owned by the German company Celesio, formerly GEHE AG, which is in turn owned by the American McKesson Corporation.

Overview

The company is headquartered at Sapphire Court in the Walsgrave Triangle Business Park in Coventry, England. It was purchased by Celesio AG in 1997, and was merged with Celesio's existing UK subsidiary AAH Pharmaceuticals' Hills Pharamacy network to form a network of 1300 pharmacies.

Celesio has since begun to roll out the LloydsPharmacy brand across its 2,200 European pharmacies. These pharmacies include a "Health Bar", with interactive touch screens, consulting rooms and additional health advice.

A close association with Diabetes UK has developed due to LloydsPharmacy completing more than 2 million [free in-pharmacy] diabetes tests so far in the UK.

LloydsPharmacy used to broadcast a live radio station (LloydsPharmacy Live!) within its stores; presenters included ex-BBC Radio broadcaster Bruno Brookes. This radio station was shut down on 29 February 2012 to cut costs.

History

Lloyds Pharmacy, Garforth, Yorkshire, 2014

Lloyds Chemist began in 1973 when Allen Lloyd purchased his first pharmacy in Polesworth, Warwickshire, England, UK. It is estimated he made a £32 million fortune from the LloydsPharmacy empire.

In November 2013 the Daily Telegraph reported that "The prices of more than 20,000 drugs could have been artificially inflated, with backhanders paid to chemists who agreed to sell them". In particular it was alleged that Lloyds was charging the NHS £89.50 for packets of cod liver oil, when other suppliers could provide it for £3.15. NHS Protect had mounted an investigation.[1]

In December 2013 it was involved in a case where Quantum Pharmaceutical was fined more than £380,000 by the Office of Fair Trading over a cartel arrangement in which it carved up some of a multimillion-pound market in prescription drugs for care homes with Lloyds Pharmacy.[2] Lloyds brought the case to the attention of the OFT so is not expected to pay a fine.

In July 2015, Lloyd's announced the purchase of all 281 Sainsbury's pharmacies for £125 million[3] in a deal that will transfer all 2500 Sainsbury's pharmacy employees to the company. In December 2015 the sale was referred to the Competition and Markets Authority for investigation, with findings to be announced in June 2016.[4]

See also

References

  1. ↑ "Telegraph drug price investigation: summary". Daily Telegraph. 4 November 2013. Retrieved 13 December 2013.
  2. ↑ "Drug firm fined for care homes 'cartel'". Health Service Journal. 13 December 2013. Retrieved 13 December 2013.
  3. ↑ "Sainsbury's sells pharmacy business to rival LloydsPharmacy". Daily Telegraph. 2015-07-29. Retrieved 2015-10-07.
  4. ↑ Hazel Sheffield (29 December 2015). "Sainsbury's pharmacy sale to face anti-competition investigation". The Independent. Retrieved 30 December 2015.
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