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Birmingham Post
Birmingham Post
Business
Tamlyn Jones

HSBC UK backs pharmacy chain Jhoots in new funding deal

A Black Country pharmacy chain has secured a new £8.23 million funding package to grow its digital services.

Independent group Jhoots will use the new capital from HSBC UK to invest in its technology to offer customers a faster and more efficient way of requesting and receiving prescriptions.

The aim is to reduce the burden of manual processes on pharmacists, allowing staff to use their time efficiently and support the NHS by offering vaccines and minor ailment medicine services.

San Jhooty, chief operating officer with Walsall-based Jhoots, said: "When faced with the unprecedented challenges of the pandemic, primary and community services came together to support the community and each other.

"We want to maintain this relationship and keep innovating to allow our staff to continue using their skills on the front line.

"We're delighted to take this step into the digital world so we can ease the pressure on our teams and allow them to focus on delivering the best quality care to customers."

Partho Bose, senior business development manager at HSBC UK, added: "We're delighted that we've been able to support Jhoots in its growth strategy so it can automate its processes and continue its mission to offer high-quality care to communities across the country."

Colin Rodrigues, corporate partner at law firm Hawkins Hatton, advised on the deal.

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