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.
Provides design consultancy services, specialising in major infrastructure projects in the rail, built environment and energy sectors.Operates internationally, catering to major blue-chip clients, 95% of whom provide regular, repeat business on an on...
LEASEHOLD
Offers extensive IT consultancy services for a range of clients. Well-established across a wide variety of business sectors, providing a first-class service. Holds ISO 9001 and ISO 27001 certifications, enhancing its reputation for quality and securi...
RELOCATABLE
Established provider of credit and debit card payment gateway methods, offering innovative solutions via its proven development and delivery model, including online, manual and automated telephone solutions, smartphone, chip and PIN, and recurring ca...
|
17
|
|
Jan
|
Sample book and shade card manufacturer acquired from administration | BUSINESS SALE
The business and assets of Yorkshire-based display products ...
|
16
|
|
Jan
|
Northgate and Redde shareholders approve merger | MERGER
The proposed merger of listed companies Northgate and Redde ...
|
15
|
|
Jan
|
SSE sells retail business to OVO Energy | DIVISION SALE
Power utility SSE has announced it has completed the sale of...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources