Lumley Pharmacy in Great Lumley dispenses an average of 15,550 items per month and offers a range of healthcare services, including Pharmacy First, blood pressure monitoring, and emergency hormonal contraception.
The sale – for an undisclosed price – was handled by Christie & Co and follows ownership since June 2022 by Kim Gamble.
Ms Gamble said: “After many years of running busy community pharmacies, I felt the time was right to take a step back and have a little more balance in my life, while continuing to own and work within my other pharmacy.
“Selling a business that you have put so much into is never an easy decision, but I’m delighted that Lumley Pharmacy is passing into the hands of an experienced pharmacy operator.”
The pharmacy has been acquired by Sri Kanaparthy, who owns 10 other pharmacies across County Durham and Gateshead.
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Mr Kanaparthy said: “We are pleased to acquire Lumley Pharmacy, which is a great fit for our group.
“We look forward to transforming this pharmacy for what would be fit for the decades to come.”
Karl Clezy, Director – Pharmacy at Christie & Co, added: “I was confident that Lumley Pharmacy would attract a lot of interest from buyers across the north of England due to its high dispensing numbers and its ideal location next to a busy GP surgery.
“Demand for northeast pharmacies remains high, and deals are being agreed after less than a month on the market.”