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Brabners Chaffe Street advises on sale of Betterlifehealthcare to Lloydspharmacy
4/10/2010Leading North West law firm, Brabners Chaffe Street has advised on the sale of Betterlifehealthcare to Lloydspharmacy.
Betterlifehealthcare has been acquired by Lloydspharmacy for an 80% shareholding, boosting its existing independent living offering. Two of the Betterlife founder directors, Derek Abrahams and Grant Abrahams, will retain an ongoing involvement in the business with a 20% stake in the company.
Betterlifehealthcare is a leading UK mail order & internet distributor supplying the general public, trade and private sector with mobility, disability and healthcare products. Business customers include the NHS, Bupa, The British Red Cross, the BBC, ITV and Age Concern.
Derek Abrahams said today, “We are delighted to be selling the Betterlife business to a strong healthcare brand such as Lloydspharmacy and look forward to working with our new partners to continue building the business and service offering.”
Brabners Chaffe Street Corporate Partner, Ruth Jones, who advised Betterlifehealthcare on the sale commented today: “The team at Betterlifehealthcare has built a strong business model over the last five years, providing healthcare products and a quality distribution service in a competitive marketplace. Being part of a world class pharmacy group like Lloydspharmacy represents a fantastic outcome and opportunity for its customers and employees.”
The legal team at Brabners Chaffe Street also included Simon Lewis, Associate and trainee Solicitor Lucy Baker. Richard Thomas, Partner, and Associates, Richard Life, Helen Murdoch and Alison Martin, at Addleshaw Goddard acted for Lloydspharmacy.
For further information contact Ruth Jones at Brabners Chaffe Street on 0161 836 8800
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