Concern as two pharmacies go under administration

The collapse of the two Queensland pharmacies this week has prompted warnings of more failures to come as PBS reforms and high rents bite.

The Terry White and Priceline pharmacies — owned by the same in Rockhampton operator -- are now being operated under administration.

The exact causes of the failures are not clear, but PBS reforms and high rents, coupled with a downturn in the local economy, likely contributed, says administer Andrew Schwartz

“My understanding is there is a lot of stress within the industry and there’s likely to be further