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Green Light expands to seven pharmacies with £2m loan

The new branches are in Victoria and Harrow, London

Employee-owned Green Light Pharmacy has bought two more London branches with funding from Santander

An employee-owned London chain has expanded its portfolio of pharmacies from five to seven with a £2 million bank loan.

Green Light Pharmacy had bought two new branches in Victoria and Harrow, London with £1.96 million funding from Santander Corporate and Commercial, the bank announced yesterday (April 7).

Employee-owned Green Light Pharmacy (company name Greenlight Healthcare), which includes the UK’s first teaching pharmacy, is up for three C+D Awards this June. 

The chain, which saw an annual turnover of over £4m last year, would hire more staff, rebrand its two additional pharmacies and make changes “including fit-outs and an increase in service offerings to customers” as a result of its bank loan, Santander said. 

Green Light founder John Foreman told C+D the company’s model was “great for patients, great for customers and great for pharmacists and pharmacy staff”. It had gone “from strength to strength” due to its focus on “wellness, education and prevention”, and staff were “excited to be part of something successful”, he added.

 


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4 Comments

Pavol Kosa, Locum pharmacist

Well done

Harnek Chera, Community pharmacist

Any independent community pharmacy is only as good as the people it employs and who work day in day out, providing patient facing services. This seems like a great model where those same people can share the rewards of ownership. Well done!

Michael Holden, Community pharmacist

Great to see this innovative employee owned group taking their excellent model into new communities where the local population will benefit from it.

Robin Conibere, Pharmacist

Great to hear, the next multiple in the making!? ;-)

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