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Following its £620m acquisition by Bestway Group last October, the former Co-operative Pharmacy has been relaunched under the new name of Well. Through an initial £200m injection and planned capital investment of £40m per annum, Bestway Group plans to reach annual revenues of £1bn by 2019. Seven hundred and eighty Co-operative Pharmacy branches will be renovated and rebranded, while new branches will open around the country over the next five years.

The company also aims to establish a wholesale pharmacy business. John Nuttall, ceo of Well, said: €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.€