Why did two bidders reportedly pull out of the running to buy Boots UK?

An investment duo considered offering £4 billion for the UK pharmacy chain before bowing out of the sale process last month, The Telegraph has reported.

Boots UK
Media reports have suggested the sale of the Boots UK network could generate up to £10bn

US private equity firm Bain Capital and UK-based CVC Capital teamed up to make a joint bid for Boots UK in January.

Free to registered users

Register to gain full access to C+D and C+D Community content

Sign in or register for free

Latest from News

Retired pharmacist crushed to death in canal boat accident

 
• By 
 • comment0

Margaret Billings sustained fatal injuries when she was caught between a moving boat and a riverbank during a day out “with family and friends”, an inquest has found.

NHSE scrapped: ‘Fresh start or just more political chaos?’

 
• By 
 • comment4

C+D rounds up some of the immediate pharmacy reaction to news that NHS England will be abolished, with more control moving back to the government and local leaders…

New primary care medical director role as 2-year NHSE axing begins

 
• By 
 • comment3

Wes Streeting has revealed that the DH is “immediately” working to scrap NHS England (NHSE) and put a new “transformation team” in place – adding that it is in the “very final stages” of concluding a new pharmacy contract deal.

More from Multiples

Boots recalls paracetamol over ‘incorrect’ aspirin packaging

 
• By 
 • comment

Boots has issued a recall for 120,000 packs of its own brand paracetamol due to “incorrect packaging” and called on customers to return the product for a “full refund”.

Asda pharmacy launches adult earache service to ‘reduce burden’ on NHS services

 
• By 
 • comment

Asda has launched the “UK’s first” adult earache service at over 220 of its pharmacies in England to “[reduce] the burden on NHS services”, with same day appointments available and priced at £25.