Co-operative Pharmacy Undergoes Major Rebrand as New Acquisition of Bestway
Following their £600m acquisition by London-based wholesale group Bestway, the Co-operative Group's pharmacy division is to end its 70 year public presence and undergo a complete rebrand - it will now be seen on the High Streets as 'Well'.
Funded by a £200m investment, all 780 Co-op Pharmacy outlets will be overhauled over the next eight months. Additionally, the newly branded service will also be offering people treatments for minor illnesses so as to relieve pressure on local GPs.
The Co-operative Group made the decision to sell its pharmacy branch last year in an effort to offset losses suffered by its banking division.
Bestway Chief Executive, John Nuttall, commented on their plans: "Community pharmacies can play a key role in easing the increasingly unsustainable pressures faced by frontline NHS services, beyond simply providing prescriptions."
He added: "Bestway Group's major investment will not only create new jobs, it will also enable the business to develop the role of the pharmacy team to provide personalised healthcare and deliver an excellent patient experience, improving health and reducing health inequalities in local communities in the process."