Drumnadrochit pharmacy under new ownership
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One of Scotland’s largest independent pharmacy operators has made its first move into the Highlands with the purchase of Great Glen Pharmacy in the Loch Ness-side village of Drumnadrochit.
Glasgow-based M&D Green Group will retain all 12 existing employees at the pharmacy and will hire a further four people to fill pharmacist and support staff roles.
The pharmacy relocated to a new home at Drumnadrochit Health Centre, alongside the village's medical practice, just over two years ago following a decade at Victoria Buildings.
The deal, which was supported by seven-figure funding from HSBC UK increases the number of M&D Green Group pharmacies across Scotland to 25 and marks the first step in its ambitions to make further acquisitions outside the central belt.
The financial support will also be used to refurbish the pharmacy’s dispensary.
Group owner Martin Green said: “We’re looking forward to implementing our well-established systems and processes to strengthen the offering for the community in and around Drumnadrochit. HSBC UK was keen to support this deal from the outset and the bank’s impressive approach has made the acquisition process run smoothly, helping to ensure a seamless service to our new patients and customers.”
Grant Bett, relationship director at HSBC UK, said: “M&D Green Group’s experience of delivering pharmaceutical services across Scotland will no doubt bring benefits to its new patients – and it’s fantastic to see that its plans will benefit the environment, too. We’re proud to support the group’s ambitious growth strategy and look forward to seeing the realisation of its acquisition plans.”
The funding to support M&D Group’s latest venture was allocated from HSBC UK’s national SME Fund - part of its commitment to help British businesses innovate and grow as the country looks to rebound from the Covid-19 health crisis. The new £15 billion SME Fund has been announced by HSBC UK, with £650 million committed to supporting SMEs in Scotland.
