LIQUIDATORS have been appointed to two South Australian pharmacies in the last week, just weeks after two other stores linked to the same owner were placed in administration (PD 08 Jul).
SV Partners', Stuart Otway, who has been acting as administrator of the Burnside Village Pharmacy and a separate store in Findon, has been named as the liquidator of the Glenunga Pharmacy and said the store appeared to have debts of $200,000 in addition to the $1.7 million from other stores, The Advertiser reported.
The debt position of the Arkaba Pharmacy Pty Ltd, which is being liquidated by Anthony Matthews and Associates, has yet to be confirmed.
The Advertiser noted that the Arkaba Pharmacy was not associated with the Priceline Pharmacy at Arkaba Shopping Centre.
Pharmacist, Peter Ting, was the sole director of the three of the four stores until 17 Jan, when Yoon Kim was appointed as sole director.
Kim was also the sole director and owner of the Glenunga pharmacy, however Otway said the store was linked to Ting, who was declared bankrupt in Feb.
Meanwhile, Queensland State MP Joan Pease, noted a Priceline Pharmacy in her constituency of Lytton, had been closed, during a recent Health, Communities, Disability Services and Family Violence Prevention Committee hearing.
Pease told Pharmacy Daily that the pharmacy appeared to be a casualty of the COVID-19 crisis with the shelves being emptied.
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