Wednesday 18 April 2018

*UKHotViewsExtra* Pharmacy2U's mission to disrupt UK healthcare

LogoThe UK’s largest online pharmacy, Pharmacy2U, has secured a further £40m of investment to support the growth of its online NHS repeat prescription service. Already a disruptive force in the UK healthcare market, Pharmacy2U has persuaded London-based healthcare-focused private equity firm G Square to back it with a significant investment alongside existing investor BGF. BGF has financed Pharmacy2U since 2016, supporting its merger with rival Chemist Direct in July of that year with two separate rounds of funding totaling £17m.

Founded in 1999, Pharmacy2U is a hi-tech alternative to ‘bricks-and-mortar’ pharmacies, offering online managed repeat and private prescriptions, online-only GP consultations for certain conditions and an online store for ‘health and wellbeing’ products via its subsidiary Chemist Direct.

It’s the repeat NHS prescription business that we think holds the most near-term promise for Pharmacy2U, which was a founding partner to the NHS on the development of the Electronic Prescription Service (EPS)…. More….

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Posted by Tola Sargeant at '14:31' - Tagged: health   pharma   scaleup