Lloydspharmacy buys Betterlife

Lloydspharmacy has acquired the disability living aids retailer Betterlife Healthcare.

The deal, which was for an undisclosed sum, will give Lloydspharmacy an 80 per cent shareholding in the company.

Lancashire-based Betterlife is an internet and mail order retailer of independent living and mobility products. Established in 2005, the company sells a range of over 5,000 products including mobility scooters and bathing hoists.

Upon completion of the deal Betterlife will retain and trade through its existing brand and website, but a new sub-brand is to be introduced for mail order customers.

Paul O’Hanlon, Lloydspharmacy director, comments: ‘Betterlife Healthcare is an excellent strategic fit with Lloydspharmacy that will enable us to offer customers of both companies access to a much wider range of healthcare products.’

Lloydspharmacy is a pharmaceuticals and healthcare provider with a network of over 1,650 pharmacies across the UK. Lloydspharmacy will stock Betterlife catalogues and a selected product range in its pharmacies.

Betterlife Healthcare’s founding directors, Derek Abrahams and Grant Abrahams, will remain with the company.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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