Prescription start-up acquired by healthcare giant for undisclosed sum

Thu, 20 Jun 2019 | BUSINESS SALE



A UK start-up company that helps individuals manage their subscription prescriptions has been snapped up by one of the country’s healthcare giants in a bid to improve its digital healthcare strategy.

Echo, a platform that allows patients to manage and have delivered their repeat prescriptions for free, has been acquired by McKesson UK, which is LloydsPharmacy’s parent company.

In a statement to the public, McKesson UK said the acquisition was a part of its “new digital healthcare strategy, which is centred around providing more simple, convenient ways for customers to manage their health online.”

Adding to this, its chief digital officer, Catherine McDermott, commented: “We know that our customers are always looking for ways to make their lives easier by managing more things online. That’s why growing our digital capabilities is one of our top priorities.

“By working with Echo we are accelerating the development of our digital strategy. The technology they have developed is used by thousands of people already and their operation allows them to fulfil thousands of repeat prescriptions every week.”

Founded in 2015, and presently with 85 members of staff, Echo is one of the three NHS-certified digital platforms that facilitate repeat prescription orders. In 2018, it joined the NHS Innovation Accelerator programme which aims to lessen the gap between the development of new technologies and services, and public access.

CEO of McKesson UK, Toby Anderson, said: “Health secretary Matt Hancock has spoken on numerous occasions about the need for the NHS to invest in digital healthcare solutions, and how technology is a big part of the NHS long-term plan.

“With our existing customer-base and Echo’s tech, we can help people to take more control over how they manage their health online.”

For more news stories about acquisitions, click here. For all our business for sale listings, click here.


Share this article



Latest Businesses for Sale

Computer Accessories Wholesalers
Manchester, UK Wide

Great trading location. Excellent reputation built over many years. Huge potential in current database. Can be relocated easily. Offers invited.

Asking Price: £100,000
Turnover: £960,652

RELOCATABLE


IT Support & Development Service Provider
Scotland, UK

Operates with a consultative approach to delivering IT solutions. Provides a wide range of proactive and reactive support services. Long established company operating for over 13 years. Serves clients in industries such as engineering, education, che...

Asking Price: Offers Invited
Turnover: £823,000

LEASEHOLD


Mobile App for Taxis
West Yorkshire, Yorkshire and the Humber, UK

Brilliant mobile app for taxi's in West Yorkshire. Roll out to UK / world wide achievable. Fantastic bolt on business opportunity. Offers invited.

Asking Price: £149,950
Turnover: £2,000,000


View more businesses for sale

News Search

Latest News

 
19
 
Jul
 

Outdoor activity centre completes MBO | BUSINESS SALE

An outdoor water activity centre has been successfully sold ...

 
18
 
Jul
 
 
17
 
Jul
 

Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION

A caravan manufacturing business in Preston is on the lookou...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources