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Pharmacy2U

Description

Pharmacy2U is the UK's largest online pharmacy, providing NHS repeat prescription services and private online doctor consultations to over 750,000 patients across England. Founded in 1999, the company has established itself as a trusted partner of the NHS, working closely with GPs and healthcare providers to deliver medicines safely and securely to patients' homes.Pharmacy2U generates revenue primarily from the NHS, who pay it to provide NHS repeat prescription delivery services to NHS patients in England, and also as private online doctor consultations and sales of over-the-counter health and wellness products,In 2018, G Square Healthcare Private Equity LLP, a European healthcare investor, acquired a significant stake in Pharmacy2U for £40 million to support the company's growth strategy. G Square is known for its dedicated investment strategy in the healthcare sector and has a strong track record of partnering with high-growth companies.Under G Square's ownership, Pharmacy2U has experienced rapid growth, with its customer base increasing by 212% in a single year. The company currently dispenses over 1.6 million prescription items per month and has the capacity to fulfill up to 7.5 million items per month.In addition to its prescription services, Pharmacy2U also operates an online store offering a wide range of health and wellness products from trusted brands at competitive prices. The company's focus on innovation and technology has earned it recognition as one of the fastest-growing businesses in the UK.Pharmacy2U's success is underpinned by its strong partnerships with the NHS, GPs, and other healthcare providers. The company's experienced team of pharmacists and healthcare professionals ensure that patients receive the highest quality of care and support.As of March 2023, Pharmacy2U has further expanded its presence in the online pharmacy market with the acquisition of rival LloydsDirect, subject to regulatory approval from the Competition and Markets Authority (CMA).With the backing of G Square Healthcare Private Equity and its commitment to innovation and patient-centric care, Pharmacy2U is well-positioned to continue its growth trajectory and solidify its position as the online pharmacy in the UK.

📈 Operating Performance

£m
2023
2021
Margin (%)
YoY Change (%)
UK Turnover (%)
REVENUE
173.4
-
165.1
-
-
%
0.1
-
%
-
%
COGS
128.5
-
110
-
0.741
-
%
0.17
-
%
-
GP
45
-
55
-
0.259
-
%
0.17
-
%
-
OPEX
48.9
-
55.6
-
0.282
-
%
-0.12
-
%
-
EBIT
-4.7
-
3.7
-
-
%
-2.27
-
%
-
ADJ EBIT
-
-
-
%
-
%
-
NET INCOME
-5.2
-
3.4
-
-
%
-2.53
-
%
-

📰 Latest News

Title
Date
Article Type
Link
Pharmacy2U / Lloyds Direct merger inquiry
Apr 2024
Legal/Regulatory
Read More
Pharmacy2U launches prescription order-tracking service
No news articles to show.
Apr 2024
Operating Activity
Read More
Asda teams up with Pharmacy2U to launch online prescription service
Apr 2024
Operating Activity
Read More
Pharmacy2U goes back to making a loss after two-year blip
Jan 2024
Financial Performance
Read More
Pharmacy2U picks up LloydsDirect for an undisclosed amount
Oct 2023
Corporate Activity (JV/Acquisition/Investment)
Read More

📰 Latest News

Title
Date
Article Type
Pharmacy2U / Lloyds Direct merger inquiry
Apr 2024
Legal/Regulatory
Pharmacy2U launches prescription order-tracking service
Apr 2024
No news articles to show.
Operating Activity
Asda teams up with Pharmacy2U to launch online prescription service
Apr 2024
Operating Activity
Pharmacy2U goes back to making a loss after two-year blip
Jan 2024
Financial Performance
Pharmacy2U picks up LloydsDirect for an undisclosed amount
Oct 2023
Corporate Activity (JV/Acquisition/Investment)

🎯 Segmentation

Industry
Healthcare
Sub-industry
Pharmaceutical Services
Region
UK
Revenues (£M)
173.4
Employees
528.1
PE Fund
G Square Healthcare Private Equity
Website URL
Click Here ↗
Linkedin Page
Click Here ↗

🏦 Asset Base

CAPEX (£M)
-
5.6
PPE (£M)
16.5
Depreciation (£M)
1.3

👥 Organisation

Employees (£M)
15.5
Employees (#)
528.1
Employees % Rev
8.9
%

💼 Company Stakeholders

Kevin Heath - CEO
Click Here ↗
TBC
Scott Fawcett - CFO
Click Here ↗
TBC
Gary Dannatt - COO
Click Here ↗
TBC
Glyn Williams - CMO
Click Here ↗
TBC

🪙 PE Fund Representatives

Patricia Lee
Click Here ↗
TBC

✏️ My Personal Notes COMING SOON