MedPal AI (LSE:MPAL) has completed the purchase of the pharmacy operations and assets linked to Remedi Solutions’ Runcorn facility through its subsidiary MedPal Limited, in a deal worth £310,000. The acquisition adds a second NHS-registered dispensing hub to the group’s footprint. The Runcorn site previously handled around 1 million prescriptions per year, representing approximately £10 million in annual revenue, and will now operate from newly leased premises within a reorganised group structure under a new holding company, New Performance Health.
The transaction, classified as a related-party deal due to CEO Jason Drummond’s involvement in securing the original rights, strengthens MedPal’s position in specialist pharmacy services for care homes while significantly increasing its dispensing capacity. By replicating its patient reactivation model successfully deployed at its Swaffham hub, the company aims to scale volumes toward a monthly run rate of 80,000 items—seen as the level required to achieve EBITDA breakeven at the pharmacy level and support the wider economics of its digital health platform.
Jason Drummond, Chief Executive Officer of MedPal AI, commented:
“For a total spend of less than half a million pounds we have secured an NHS dispensing hub in a strategically critical location with a patient book that NHS-verified data shows historically delivered over £10 million of annualised turnover. We have already proven at Swaffham that our reactivation strategy works. We are now running that same programme, at materially greater scale, across the Remedi book. Our pharmacy operations are growing rapidly, currently dispensing 42,000 items a month and rising, with a mapped path to pharmacy-level breakeven at 80,000 items a threshold the acquired Runcorn site alone comfortably exceeded throughout 2024”
More about MedPal AI Plc
MedPal AI plc is a UK-based healthcare technology group operating an AI-enabled, vertically integrated platform known as MedPal Health OS. The platform combines wellness support, clinical services, and automated pharmacy fulfilment. Through MedPal Limited, the company runs round-the-clock NHS and private prescription hubs powered by AI and robotic dispensing, offering nationwide same-day or next-day delivery to both individual consumers and care home clients.
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