Rightdose Pharmacy expands into England thanks to seven-figure funding deal from HSBC
Scottish pharmacy group Rightdose Pharmacy has acquired a new store in Liverpool as part of its UK-wide growth strategy, following a seven-figure funding deal from HSBC UK.
The Glasgow-headquartered pharmacy group operates six community pharmacies across Scotland and launched an online service in 2020 – Rightdose.co.uk – which offers prescriptions, over-the-counter medicines, and the innovative Rightdose Pouch for home delivery.
The new pharmacy, located on Liverpool Road Sth, has created five new jobs with further growth opportunities in the pipeline. The strategic acquisition will act as a vital step in the company’s plans to grow and establish a robust brand across the UK.
The acquisition of the Liverpool pharmacy will allow for the expansion of the pharmacy’s online service, Rightdose Pouch, across England. Rightdose pouch provides patients with home delivery of their regular medication in daily pouches. Each one is stamped with the time and date along with the name and dosage of medication. The medication dispensing service is already being used by members of the public in Scotland.
Kasim Gulzar, CEO and founder of Rightdose Pharmacy, said: “We’re thrilled to have acquired our first pharmacy in Liverpool which has enabled us to expand the group into England. Patient care is at the heart of what we do, and our customers are front and centre of our business model. The combination of our community pharmacies and online offering will ensure the local community is able to easily receive prescriptions and access medicine when required. The support from HSBC UK has been crucial in enabling this, and we are excited to embark on the next stage of our development.”
Grant Bett, relationship director at HSBC UK, added: “We are delighted to support Rightdose Pharmacy with the development of their exciting and strategic growth plans which will enable them to enter new markets. The business demonstrates a genuine commitment to exceptional customer service, and we look forward to seeing their expansion continue throughout the UK.”
Rightdose Pharmacy currently employs 78 members of staff across their portfolio of community pharmacies. Locations include Cathcart Road, Alexandra Parade and Kennishead Avenue in Glasgow; Eyre Place in Edinburgh; Station Road in Falkirk, and Haldane Avenue in Dundee.