The Cara pharmacy group says more than 150 jobs from Cork to Donegal have been secured following a High Court decision to approve a plan allowing the group exit examinership.
Patrick McCormack, the CEO of a new company that has now taken over the Cara pharmacy group, began his career in Sligo.
The Cara pharmacy group has been acquired by Renrew Limited.
Patrick McCormack, M.P.S.I., CEO of Renrew limited, has welcomed the High Court decision.
He said the outcome and the decision made by Mr Justice Denis McDonald allows progress on many fronts following a period of uncertainty for staff, customers and suppliers .
He said they now plan to put a major emphasis on further developing the business.
He also said it is a source of ‘great satisfaction’ to be able to say more than 150 jobs have been secured.
Mr McCormack has 30 years’ experience in the retail pharmacy sector
He has previously been CEO of the Sam McCauley Pharmacy group for more than 10 years.
He began his retail career as a teenager working with his uncle and aunt Denis
and Kay Feehily in their grocery store on the Mail Coach Road in Sligo and has strong family
connections in Sligo and Donegal.