Since 2010, the pharmacy was owned by Newcastle-based group operator Farah Chemists. However, they have now sold it to focus on their five branches in Newcastle.
The pharmacy was bought by Rukara Ltd, a newly formed company owned by a pair of pharmacists.
Manjusha Gunti, co-owner at Rukara Ltd, said: “As Pharmacists, Bhanu and I have always been passionate about community health and the vital role pharmacies play in people’s daily lives.
“By acquiring this pharmacy, my goal is to create a welcoming, patient-centred environment where individuals can access trusted advice, reliable services, and innovative health solutions close to home.
“Following the acquisition, we have plans to expand the range of services offered, including flu and travel vaccinations, health checks, and digital prescription services.
“The focus will be on modernising operations while maintaining the personal touch that local patients value.
“We want the pharmacy to become more than a place to collect prescriptions.
“It will be a true community health hub, supporting healthier living, preventive care, and strong partnerships with local GPs, care homes, and residents.”
Leadgate Pharmacy in Consett dispenses around 11,000 items per month.
It is located next to a busy health centre that produces almost 16,000 script items each month.
The sale process was carried out confidentially by Karl Clezy at Christie & Co and funding for the sale was provided by Craig Dickson at Christie Finance.
Karl Clezy, director of pharmacy at Christie & Co, said: “It was a pleasure selling this pharmacy to first-time buyers.
“We received several offers for this pharmacy, as, although it was trading successfully, it still has potential to trade better by carrying out more additional healthcare services.”