A new owner has taken over a longstanding community pharmacy.

Madhu Bhogadi, an experienced pharmacist, has snapped up Bishops Waltham Pharmacy from Matrix Primary Healthcare Ltd.

The site in High Street, Bishop's Waltham, was sold via Christie & Co with funding sourced from Christie Finance.

Mr Bhogadi said: “I’m delighted to have acquired the community pharmacy in Bishop's Waltham.

“It is a business that I am looking forward to growing over time, becoming an integral part of the local community for many years to come, and really making the business my own."

The pharmacy dispenses an average of 6,200 items per month.

Former owner Akwal Singh said: “It took us a while to decide to market one of our off-patch pharmacies, albeit confidentially, as we haven't sold a business in many years.

“We were fortunate to attract strong interest in the pharmacy from the start, and I'm delighted with how things went.

“We're extremely pleased with the outcome and do not doubt that Madhu will be able to take the business to new heights.”

Jonathan Board, director of medical at Christie & Co, added: “I was delighted to act on the sale of this pharmacy and deal with Madhu on his purchase.

“The vast majority of active buyers at the moment are independent operators, and this is a perfect example of what they normally look for – a well-established pharmacy that would benefit from renewed enthusiasm and energy.

“I wish Madhu the very best in his new business.”

Gary Boyce from Christie Finance said: “It’s been a pleasure arranging funding for Madhu and helping him overcome the many challenges in completing his first pharmacy purchase.

“Bishops Waltham Pharmacy provides an ideal opportunity for him to implement his exciting plans, which he’s developed from a wide variety of Pharmacist roles performed to date. We look forward to seeing him develop the business and be ready to support his next venture.”