Thu, 19 Oct 2017 | DIVISION SALE
A healthcare provider will close many of its retail locations across the UK while bundling up its independent living business for a sale, the firm’s management confirmed this week.
Simplyhealth, which provides a range of healthcare services via retail locations throughout the country, is closing 10 retail stores under its Unlimited Company brand while keeping five Care and Mobility branches open in a bid to sell that arm of the business.
Employees at the mobility equipment stores, located in Wellington, Kenilworth, Birmingham, Willenhall and Sutton Coldfield, were notified earlier this week about the sale.
A total of 85 workers are predicted to be affected by the move, though the company’s management say that they “are exploring the options available to them” beyond a sale.
Romana Abin, Simplyhealth’s chief executive, said that selling up was “not the outcome we wanted”.
Abin explained that the decision to close The Unlimited Company stores and put up Care and Mobility for sale was very difficult to make as it affected not only “thousands of customers but our own people will be affected” too.
He added: “As someone with a disability myself I know there is a need for better support networks for people. Unfortunately it has become clear that physical shops are not a viable way forward for Simplyhealth and from a business viewpoint we have to ensure we look at better ways of providing people with the support they need.”
The ten stores due to close are located in Andover, Bristol, Bicester, Blackburn, Burnham, Droitwich, Leeds, Morton Park in Darlington, Norwich and Radstock in Somerset.
Raman Sankaran, chief commercial officer at Simplyhealth, took charge of daily operations at The Unlimited Company in July 2017 and was appointed to lead a planned review of the business.
He added that going forward his company would “continue to focus on how best to meet [customers]’ needs, both on our own and by working with partners”.
Find a business for sale
Subscribe to Business Sale Report
Two interrelated companies for combined sale providing a comprehensive range of paper products, mainly till rolls and credit card machine rolls. Additionally, the Companies supply complementary products, including ink ribbons for EPOS Systems, kitche...
This sale presents an exciting opportunity to acquire a proven manufacturer with a well-established network of commercial and private clients. Good track record of sales across 70 countries, including the USA, with the product proving to be a popular...
Provides bespoke electrical installations for a diverse range of clients throughout the UK. All employees benefit from ongoing training to ensure the business’s services are provided in line with the latest industry legislation, working alongside cli...
29
|
Mar
|
Caravan and motorhome retailer acquired out of administration | BUSINESS SALE
Administrators have completed the sale of a caravan and moto...
29
|
Mar
|
Financial planning business acquires Staffordshire company | BUSINESS SALE
Wren Sterling, a national financial planning business, has c...
28
|
Mar
|
NI pharmacy group acquires third site | BUSINESS SALE
A family-run community pharmacy group has expanded with the ...
29
|
Mar
|
Financial planning business acquires Staffordshire company | BUSINESS SALE
Wren Sterling, a national financial planning business, has c...
29
|
Mar
|
Caravan and motorhome retailer acquired out of administration | BUSINESS SALE
Administrators have completed the sale of a caravan and moto...
28
|
Mar
|
Food service business acquired at more than 10x profits | BUSINESS SALE
Total Foodservice, a wholesale catering supplies business, h...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.