Alliance Boots today announces a collaboration with BioCity, the UK’s leading bioscience incubation company, to establish a new business incubator focused on health and wellness called MediCity.
MediCity, a new subsidiary of BioCity, will provide innovative start-up and growing businesses in the health and wellness sector with fully serviced office and laboratory space, based within the Nottingham Enterprise Zone on the Alliance Boots site in Beeston. It represents a promising step in the site’s development and will encourage new businesses into the Nottingham area.
Businesses housed at MediCity will benefit from BioCity’s experience of successfully growing businesses in specialised incubator environments and Alliance Boots expertise in the global healthcare sector, including access to innovation and product development knowledge, as well as supply chain expertise.
Alex Gourlay, Chief Executive, Health & Beauty Division, Alliance Boots, said: “We warmly welcome MediCity onto our site. Alliance Boots and BioCity’s complementary expertise will attract businesses to MediCity and further enhance our existing world-class innovation hub in Nottingham. Today’s news illustrates our progress in developing the site, as well as our continued commitment to Nottingham and the wider UK economy.”
Notes to editors:
Dr Glenn Crocker, CEO, BioCity: “MediCity is a timely addition to the thriving healthcare and medical technology sector in the UK. I am particularly excited by the benefits Alliance Boots market insights can bring to early stage companies, with the potential to accelerate development and provide a possible route to market. We are interested in speaking to all businesses involved in health, beauty and wellness, whether they are established or still developing a concept.”
About Alliance Boots
Alliance Boots is a leading international, pharmacy-led health and beauty group delivering a range of products and services to customers. Working in close partnership with manufacturers and pharmacists, we are committed to improving health in the local communities we serve and helping our customers and patients to look and feel their best. Our focus is on growing our two core businesses: pharmacy-led health and beauty retailing and pharmaceutical wholesaling and distribution, while increasingly developing and internationalising our product brands.
Alliance Boots has a presence in more than 25* countries and employs over 108,000* people. Alliance Boots has pharmacy-led health and beauty retail businesses in nine* countries and operates more than 3,100* health and beauty retail stores, of which just over 3,000* have a pharmacy. In addition, Alliance Boots has around 605* optical practices, of which around 190* operate on a franchise basis, and around 390* hearingcare practices. Our pharmaceutical wholesale businesses deliver over 4.6 billion* units each year to more than 170,000* pharmacies, doctors, health centres and hospitals from over 370* distribution centres in 20* countries.
In June 2012, Alliance Boots announced that it had entered into a strategic partnership with Walgreen Co., the largest drugstore chain in the US, to create the first global pharmacy-led, health and wellbeing enterprise.
* Figures are approximations as at 31 March 2013 and include associates and joint ventures.
About BioCity Nottingham Limited
BioCity Nottingham Limited now manages business incubation sites in Nottingham, Glasgow and Alderley Edge. The company provides business support, finance and over 280,000 square feet of first class laboratory and office facilities to high potential bioscience, pharmaceutical, medtech, healthcare and environmental companies and their service providers. The company expanded in 2012 with the opening of BioCity Scotland, and also manages the recently-announced BioHub at Alderley Park in Cheshire.
For further information, please contact:
Alliance Boots: Media relations:
Katie Johnson/Julie Longton, Alliance Boots: +44 (0)207 980 8585
Katie Lang/Yim Wong, RLM Finsbury: +44 (0)207 251 3801
Una Kent/Clare Stafford, Boots UK: +44 (0) 115 959 5995
Alliance Boots: Investor relations:
Gerald Gradwell, Alliance Boots: +44 (0)207 980 8527 (UK)/+1 646 688 1336 (US)