Banking & Finance and Real Estate teams support HSBC UK Bank plc on its funding of multiple pharmacies acquisition

2 minute read
04 December 2023

The Banking and Finance team has supported HSBC UK Bank plc on its funding of pharmacy business Jhoots' acquisition of 36 community pharmacies. With the sites covering a large swathe of the UK, the acquisition was made feasible by a bespoke funding package provided by the bank.

Jhoots' already operates 27 sites across the UK and will use the funding to undertake refits and enhance pharmacy offerings, ensuring local communities have access to urgent care services.

The team was led by partners Navin Prabhakar (banking & finance) and Anna Colley (real estate), with support from banking and finance senior associate Sam Evans and corporate colleagues David Vaughan (partner) and Frank Beeton (principal associate).

Commenting, Navin said: "It has been fantastic to support and advise on the financing of such a major healthcare acquisition that will bring enhanced services to sites spanning the Peak District to Hampshire. As a legal adviser, we are also well aligned with HSBC's healthcare and community focus, key elements that attracted the bank to this deal."

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