High Court removes receiver from Galway pharmacy group

High Court removes receiver from Galway pharmacy group

A receiver appointed to an insolvent Galway pharmacy group with 55 staff has been removed from the job by the High Court.

The order for him to cease operations follows the appointment of an interim examiner last Friday to the firms Michael McLoughlin Pharmacy Ltd and Sundrive Pharmacy Ltd.

The pharmacies owe Bank of Scotland Ireland around €7.6m.

Suppliers United Drug Wholesale Ltd are owed in the region of €5m but believe the companies can survive under new management.


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