Glasgow-based M&D Green Group has used the funding from HSBC UK to buy Great Glen Pharmacy in the centre of Drumnadrochit – marking its first venture outside the Central Belt – and refurbish the new asset’s dispensary.
M&D Green Group will retain all 12 existing staff at the pharmacy and will add four to fill pharmacist and support staff roles.
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Hide AdThe deal increases the group’s portfolio of pharmacies across Scotland to 25 and kick-starts its ambitions to make further acquisitions outside the Central Belt.
The group is also focusing on being a sustainable business, with plans under way to replace its fleet of vans with electric vehicles, and stop all use of plastic bags.
Martin Green, owner of M&D Green Group, said: “We’re looking forward to implementing our well-established systems and processes to strengthen the offering for the community in and around Drumnadrochit.”
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 capital to support M&D Group’s latest venture was allocated from HSBC’s £15 billion SME Fund, which sees £650 million committed to supporting smaller firms in Scotland.