Pharmacy chain expands
Raimes marks 200th birthday with two deals
Raimes Clark & Co – which trades as Lindsay & Gilmour – has acquired two pharmacies after securing £3 million in bank support.
HSBC has financed the purchase of John A Smith and Craigmillar Pharmacy in Edinburgh taking the total number of pharmacies in the Raimes chain to 28.
The two outlets employ 22 staff between them, bringing Lindsay & Gilmour’s total number of employees to more than 260 across the expanded group.
The acquisitions take place in the family-run company’s 200th year, making it ten years older than Lindsay & Gilmour which began trading from its current site in Edinburgh’s Elm Row.
Nigel Cumming, chairman of Raimes Clark & Co, said: “As ambitious business owners we are always looking for the next investment opportunity to support our growth plans.”
The finance was allocated from HSBC’s £10 billion national fund to support SMEs, of which £450 million is designated to Scottish firms.
Kenny White, relationship director at HSBC, said: “Raimes Clark is a firmly established player in the Scottish pharmacy sector and we’re pleased to support its ongoing growth and acquisition strategy.”
This year the . Now the award-winning pharmacy operator has a portfolio of 28 pharmacies.