Walsh Pharmacy Group sells for €50m
The deal includes all 14 Walsh Pharmacy Group pharmacies in Cork and Tipperary. UniPhar said that all 155 staff employed by the Walsh Pharmacy Group will be retained. Some pharmacist employed by the group may be provided with the opportunity to buy out the individual pharmacies.
The Walsh Pharmacy Group was founded in 1947 by Jerry and Marie Walsh. Martin Walsh holds 70% and he will receive €35m for his stake, while his wife Bernadette Walsh’s 5% stake is worth €2.5m.
