A team led by Jessica Fielden, advised the shareholders of Headingley Projects Limited (a company within The Pharmacy Group) on their disposal to HubRx.
“It was great to be involved in this transaction and support our clients on the exit to such a forward thinking business, we wish HubRx and the team every success in their new venture and are looking forward to seeing what’s to come as they go from strength to strength. Once again, it was a pleasure to work on the transaction with such a breadth of Yorkshire based advisors.” Jessica Fielden, associate.
The Pharmacy Group has 34 Yorkshire-based pharmacies employing more than 300 staff.
HubRx is developing the UK’s first state-of-the-art automated prescription-assembly facility, purpose built for independently owned community pharmacies in Leeds. It is designed to help community pharmacists spend less time dispensing, so they can extend their clinical role.
HubRx was founded by chief executive Daniel Lee (formerly of Pharmacy2U) and chairman Sean Riddell (formerly of EMIS Group).
“We’re delighted to announce HubRx’s partnership with The Pharmacy Group. Together we have a vision to transform community pharmacy. To create a blueprint that other independent pharmacies can follow, using hub and spoke prescription dispensing to free up capacity and enable pharmacists to expand into more profitable clinical services.” Daniel Lee.
HubRx is set to create 100 jobs when it launches and will free up qualified staff for services at upwards of 200 independent community pharmacies through its hub-and-spoke model.
Its 40,000 sq ft fully automated facility, based at Logic Park in Leeds, will be able to accurately assemble, label, bag and check up to 12 million healthcare items per year.
Funding for the transaction was provided by Santander and Traditum Private Equity.
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