Online pharmacy company Simple Online Healthcare has announced plans to expand into Europe for the first time.
The move follows the acquisition of the Kapsel and Dr Felix brands from Stark Healthcare and will enable the firm to expand into Germany, Europe’s largest healthcare market.
Kapsel provides primary care services to patients across Germany, while Dr Felix is an online doctor clinic serving patients UK-wide.
As part of the deal, personnel will move across to Simple Online Healthcare.
Commenting on the acquisition Addy Mohammed, co-founder of Simple Online Healthcare said: ”Germany is the largest healthcare market in Europe, we are confident we can replicate our success to date in the UK and Australia, and the acquisitions takes us one step closer to our aspiration to offer services globally.”
Sami Malik, Founder of Stark Healthcare added: ”The Kapsel and Dr Felix brands align extremely well with Simple Online Healthcare’s strategic moves in the UK and Europe, underpinned by a shared passion for patient-centric care.”
Founded by Addy Mohammed and Karim Nassar in Glasgow in 2015, Simple Online Healthcare offers free online NHS England prescription delivery services, an online pharmacy store, and online doctor services in the UK and Australia.
The company has served over 500,000 customers since its inception, and in recent years has grown rapidly.
In the year to 28th February 2022, the company reported increased revenue of £14.5 million and is currently on track to achieve revenue in excess of £20m.
Additionally, the headcount at Simple Online Healthcare has more than doubled over the past 15 months from 32 to 70.
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In March, the firm announced the appointment of former Skyscanner executives Shane Corstorphine and Jules Pancholi as Non-executive Directors.
Following this latest announcement, co-founder Karim Nassar said the company plans to bring on additional senior talent to its leadership team.
He said: “With our plans for growth, we have realised the importance of building a world-class team to help us achieve our objectives.
“We’re in some exciting discussions with some of Scotland’s best talent, and the recent launch of our share scheme will also allow all our teams to share in the success of the business as we grow.”
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