As part of a long-standing strategy to grow the business, I am delighted to announce the acquisition of Dudley Taylor Pharmacies Ltd, consisting of 57 stores. This will take our estate to 101 branches.
The new pharmacies are located across Yorkshire, the Midlands, the South of England, and Wales. These are all community based, with a mixture of Neighbourhood, High Street and Health Centre locations.
Dudley Taylor pharmacies are a great fit for the Avicenna family and perfectly complement our existing locations across the North East and the South of England. I look forward to working with our new colleagues and further investing in the stores to help build on their already outstanding level of patient care.
Over the past year we have invested significantly in the future of our business. As well as upgrading and rebranding stores, we have also founded AviLab, our new tech business unit. AviLab will focus on investments in technologies that can bring substantial benefits to both our stores and those of our independent members, driving innovations for the pharmacy of the future. This dedicated team are initially focusing on further developing our current pharmacy applications which are both seeing rapid growth. These are AviBuyer, our integrated purchasing system and Manage My Meds, our patient app.
I feel passionate and excited about the future of UK pharmacy. Avicenna will continue to invest in the sector, across both our own retail pharmacies as well as our independent member support organisation.
Avicenna were advised by Charles Russell Speechlys LLP and Hazlewoods LLP.
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