A London and South East Pharmacy company, has received a £4.25m funding package from HSBC UK to support its mergers and acquisitions activity.
Family-run Osbon Pharmacy Group will use the multi-million-pound funding package from HSBC UK to invest in its health services and acquisition activity, to bring accessible and comprehensive medical services closer to the doorstep of Londoners and people of South East England.
In addition, the company will create ten new jobs, including Pharmacist, Pharmacy Assistants, Technicians, Dispensers, Accounts Clerk and Delivery Drivers taking the company’s total headcount to 185.
Established in 2005, Osbon Pharmacy Group currently has 26 pharmacies across London and South East England. The company, which prides itself on delivering personal and dedicated services to customers, offers a range of medicines and prescription services as well as offering help and advice.
The pharmaceutical company switched to banking with HSBC UK last year as part of a £6.9M refinance package, which saw the business acquire nine pharmacies and takes the total funding provided by HSBC UK to date to £11.1m.
Danny Osbon, CEO of Osbon Pharmacy Group, said, “Pharmacies embody the essence of community-based healthcare, and we are thrilled to amplify our impact across London and South East England.
“Our goal is to provide a network of conveniently located pharmacies, ensuring that vital medications, healthcare products and expert advice are readily available to all our customers and the entire community, while investing in the local economy and creating job opportunities.
“The support from HSBC UK has been invaluable, enabling us to realise our growth ambitions and extend our reach to meet the medical needs of more Londoners and the surrounding South East areas.”
Amit Tomar, Senior Commercial Manager at HSBC UK, added, “This is a significant milestone for the business and the communities it serves, especially as pharmacies across the UK take on more responsibilities.
“The investment will strengthen Osbon Medical’s business while offering customers greater convenience, a comprehensive range of products, and personalised care, helping to drive improvements in health outcomes.”