Redditch based Knights Pharmacy expands store numbers as it picks up Pearn’s in South Wales

Knights Pharmacies

Business property adviser, Christie & Co, has announced that Knights Pharmacy in Redditch has bought Pearn’s Pharmacies Limited, a group of 20 pharmacies across South Wales.

Founded by David Pearn in 1990, Pearn’s Pharmacies Limited is an established operator of 20 community pharmacies that trade in a mixture of community and health centre/health centre adjacent settings in Newport, Cardiff, Merthyr Tydfil, and Swansea. Knights Pharmacy now owns and operates 90 pharmacies across England and Wales. Anand Sodha, Director at Knights, said: “Pearn’s Pharmacies are located directly in the communities they serve and are run with the same shared family values as Knights.”
David Pearn added: “After owning and growing this business for all these years, it was vitally important for me to find a company with similar values to my own. I am delighted to be handing the business over to Knights, another family business, who I have full confidence in to maintain the high standards and to serve their local communities.” Jonathan Board, Director at Christie & Co, who handled the sale, said: “When initially instructed by David to find a suitable buyer for his business, I knew there would be a number of potential purchasers due to the demand in South Wales but, having had early discussions with Knights, it was quickly evident they would be the right fit. I wish them well with the business moving forwards and a happy retirement to David.”
Pearn’s Pharmacies Limited was sold for an undisclosed price.

Loosemores Solicitors in Cardiff advised the seller, and Irwin Mitchell in Birmingham advised the purchaser.

Knights Pharmacies were founded in 1984 with a government grant and a vision for better access to medicines. It plans to continue growing its presence in the West Midlands through a strategic acquisition plan.In the North East, Knights works with Norchem Healthcare and in North Wales and the Wirral, Knights acquired Vittoria Healthcare in 2017.