Pharmacy2U, a UK based NHS online pharmacy, secured a further £40m in funding.
The round was led by G Square, a London-based private equity firm with an investment strategy dedicated to healthcare in Europe, which becomes the majority shareholder of Pharmacy2U, with participation from current investor BGF.
The company intends to use the funds to grow its online service.
Led by Mark Livingstone, CEO, Pharmacy2U provides an online NHS repeat prescription service, capable of dispensing one million prescription items each month. Patients register and order their medication with Pharmacy2U. The service then takes care of the rest from arranging the prescription with their GP to delivery, as well as reminding them to reorder so they do not run out.
The company’s services also include a private online doctor service with registered GPs and its sister company ChemistDirect.co.uk, which provides a wide range of over the counter medicines and general healthcare products.