Bridges backs MedicX Pharmacy MBO to form new group

Private equity firm Bridges Ventures has backed a management buyout of MedicX Pharmacy Group and plans to create a new community pharmacy platform, called the Hub, which will focus on broadening access to healthcare services in under-served areas. No financial details have been released but Bridges said it would use the nine-strong pharmacy portfolio as a platform for a buy and build strategy. The pharmacies will be refitted so to enable treatment for minor ailments and provide dosage regimes, smoking cessation and weight loss services.