The entire community pharmacy sector is paying a heavy price for the government’s decision to cut its funding in England by 12% in December 2016.
According to a C+D investigation, between November 2016 – the month before the funding cut came into force – and May 2018, 140 pharmacies closed, 101 of which were owned by multiples.
It seems the figure is still on the rise: the Pharmaceutical Services Negotiating Committee announced last month that “around 165” pharmacies had closed between October 2016 and July 2018.
But how are the supermarket pharmacies faring? Does the increased buying power and more diverse retail offerings they have make them immune to the current financial instability in community pharmacy?
The supermarket pharmacy model became