The Business Services group at Lodders has worked with Oxford Online Pharmacy and Headpoint Advisors to take in investment from Rockpool Investments.
Originally a family-owned pharmacy chain established in 1925, Oxford Online Pharmacy has transitioned into an online healthcare platform. The company, led by founder and CEO Stuart Gale, provides privately prescribed medication and healthcare advice across the UK.
Investment for growth
The investment will help accelerate Oxford Online Pharmacy’s growth, advance its technology infrastructure, and expand its leadership team. It will also enhance the company’s ability to meet rising demand for online pharmacy services, particularly in the weight loss sector.
Graham Spalding, partner and head of Business Services group at Lodders, says: “This investment represents an important step in developing the Oxford Online Pharmacy business for the future, with the right team and tech infrastructure in place. The company has experienced rapid growth and is leading the way in its sector, offering online prescriptions including for men’s health, weight loss and hair loss treatments. Having initially considered selling the business, Stuart identified potential for further growth in the market, and we were pleased to advise on the best way for him to achieve this.
“This deal was a full team effort across the full breadth of our capabilities, with Brad Quin, Nicola Vernon, and Leanne Lawrence all contributing to its successful completion. We look forward to seeing Oxford Online Pharmacy continue to grow in what is a thriving market.”
Oxford Online Pharmacy
Stuart Gale, founder and CEO of Oxford Online Pharmacy says: “Online healthcare is a fast-growing market, and this investment will help us expand the team, develop our technology platform and deliver our service to an even wider customer base. Having not secured external investment before, we were closely supported by Lodders throughout the whole process. The firm guided the management team through, ensuring everyone understood the often-complex legalities. The team at Lodders was patient and highly organised, providing sensible solutions and expertise to help us overcome obstacles and achieve the very best outcome. We really appreciate Lodders’ support with this deal – the level of service was exceptional.”
Emmet Keating, partner at Headpoint who led the deal adds: “We are very pleased for the Oxford Online Pharmacy team to have completed this transaction. Online pharmacy is rapidly disrupting the way that consumers access healthcare treatments. The market is growing at c.20% per annum and Oxford Online Pharmacy is one of the leaders in the UK, with over 20,000 positive Trustpilot reviews. The business is very well positioned to capitalise on the market opportunity.”
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