Pharmacy2U secures £40m to support growth March 26th, 2018

The online pharmacy has announced that it has secured a £40 million investment from a range of sources to support the rapid growth of its repeat prescription service.

Two of the investors include healthcare specialist investor G Square and British Growth Fund (BGF), which has invested in the company before.

G Square partner and former Boots manager Ted Smith will also join the board as non-executive chairman.

The cash injection comes following a period of high growth for the firm, which will use the capital to further invest in technology as its service grows.

The firm said in its press release: “We believe digital transformation is essential to improving patient access to healthcare and easing the strain on the NHS and believe that technology is now making a significant and much-needed mark on healthcare.…

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