The Hub Pharmacy - Bridges Fund Management

    

    


























 






    
	            
			    
    



		
		    

    
    
    





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The Hub Pharmacy

A new full-service community pharmacy group improving local health outcomes in underserved areas

Investment Strategy

Growth Business

Theme

Healthier Lives

Date of initial investment

June 2015

Bridges Executives

Oliver Wyncoll
Laura Noorani

Thesis

The proportion of the UK’s over 60-year-olds is set to increase by 20% in the next decade – and with a rise in chronic health conditions, the NHS is under increasing strain. Moreover, NHS capacity constraints points to a greater role for pharmacies in the provision of medicines and associated healthcare services. The supply of preventative treatments that are delivered beyond GPs and hospitals can help improve the health outcomes of those in need, while also alleviating pressure on primary care provision within the NHS.

Investment

Created in 2015, the Hub pharmacy is a community pharmacy group focusing on healthcare service provision in underserved communities. Its pharmacies provide preventative and early intervention healthcare consultations in addition to pharmaceutical services, which both improve patients’ health and reduce the burden on the NHS. The Hub pharmacies are remodelled to provide healthcare services such as support with smoking cessation, weight-loss, and treatment of minor ailments. Many of the sites offer extended hours healthcare services to ensure accessibility, enabling patients to visit late at night or on weekends.

Outcomes

During the Covid-19 pandemic, the Hub traded at higher-than-usual volumes, given its status as a critical service provider and as the only healthcare provider on the high street during lockdown. In 2021, the Group collectively dispensed 2 million prescriptions, 73% of which were in underserved areas.

www.thehubpharmacy.com