We all know that buying or selling a pharmacy can be a daunting experience at the best of times and the transaction can take months from initiation to conclusion.
We have advised both large pharmaceutical groups who are seeking to expand their footprint or to restructure their businesses as well as individuals who seek to buy or sell their first pharmacy or group of pharmacies.
You will find that Mel is able to advise you with the General Pharmaceutical Council’s regulations for changing pharmacists and has considerable experience of dealing with intermediaries and legal and accounting professionals who specialise in this area.
He is used to dealing with lenders who fund these acquisitions and will help you navigate your way through the legal process.
We pride ourselves on being commercially minded and friendly.
We invite you to contact Mel Kang and his team who have broad expertise in the pharmacy sector to meet with you and provide outline advice. There is no cost for this initial meeting.
Some of the areas where Mel and his team can assist you:-
- Acquisition and disposals of pharmacy practices
- Property advice (including health centre developments and pharmacy leases)
- Incorporation of pharmacy practices
- Preparation of partnership deeds and/or shareholder agreements
- Advising on ‘Market Entry’ applications
- Advising on staff employment contracts
- Advice on GPhC & MHRA regulatory advice and assistance
Who he acts for
Mel has acted for owner-managed pharmacies, from locums who are making their first pharmacy acquisition to experienced mini corporates and some nationally based corporates.
"We engaged Mel and his firm to handle two of our pharmacy acquisitions. They were both running concurrently with one another. This was a very complicated share/company acquisition. We were given an extremely tight deadline to complete on 1st February 2019. Mel and his team had to handle not only the seller's solicitor, but the bank appointed lawyer as well as a fourth solicitor acting on behalf seller’s SIPP. This was legal services on another level with a high degree of class. We are ever indebted to Mel and his team forgetting this over the line, and within the strict timeline given by the seller. A great thank you to Mel Kang and Gunnercooke!” Mr A Fazal, owner and director of Seascale Pharmacy [April 2019]
“Mel was handling our second Pharmacy acquisition, side by side with our first. Whilst this was an extremely stressful time for us – it was clear that we had appointed the correct professional and team. We needed a true expert to guide us through this process, and whilst the pharmacy element was handled with relative ease, we had to rely on Mel heavily when it came to the property and new lease to the premises. We had number of issues to overcome, and again Mel had to deal with a number of lawyers on the other side. He had to pretty much guide them, to his way of thinking – which proved to be the sensible option, and with his determination we managed to see this through to completion a few weeks after our first acquisition completed.” Mr S Mirza, owner of Grasmere Pharmacy [April 2019]
“I would like to give a huge thank you to Mel Kang and Julie Grewer for handling the sale of my West Midlands based pharmacy, it flew by with hardly any issues. Julie and Mel did a great job of holding my hand through the entire process. The system they had in place made it really easy for me to deal with. Mel was really quick and efficient at turning around the sale agreement – we managed to exchange well before Christmas and then left it to the buyer to seek his NHS approvals in the new year. A great start to 2019!” Ms R Asghar-Hussain [January 2019]
"I found Mel's service professional, efficient and speedy. I would recommend Mel to anyone without hesitation." Mr H Patel Rickmans Pharmacy London [October 2018]