The acquisition of McCabes Pharmacy by PHX Ireland (Phoenix) is good news for the Irish pharmacy sector and the broader SME market. Here are four reasons why. The combined entity will invest for the long-term The transaction combines two well-established family-owned businesses, albeit one with significant pan-European scale. Family-owned concerns generally take a long-term view. They invest in infrastructure and R&D, which benefits the long-term health of their organisation and by extension the markets they operate in. This has certainly been true of Phoenix and McCabes. McCabes was founded by Roy McCabe, father of the current CEO Sharon, more than…
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