When Patrick McCormack closed the €14 million rescue deal for Cara Pharmacy Group in late 2020, he immediately got in his car and began visiting each of the chain’s outlets. McCormack, a former chief executive of McCauley Pharmacy chain, thought there could be an issue with staff morale. After all, many had worked with the chain’s founders, the husband-and-wife team of Canice and Ramona Nicholas, for lengthy periods and the company’s financial demise had been high-profile. Cara had been publically teetering on the brink of collapse for months, as a court-appointed examiner sought to cut deals with creditors and source…
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