Business
Completion of Acquisition
Medpal AI plc has successfully completed the acquisition of assets from Universal Pharmacy Ltd for an initial payment of £15,000 and a final payment of £30,000, following NHS England approval of its pharmacy licence. This acquisition includes the expansion of its robotic distribution facility in Swaffham, tripling its footprint and creating a hub capable of handling over 100,000 prescription items monthly with automated dispensing and nationwide delivery. This strategic move enhances Medpal AI's vertically integrated healthcare model, strengthening its end-to-end control from AI-driven services to patient delivery, aiming to improve operational margins and market share. Disclaimer*
About this update from Medpal Ai Plc
[{"type":"text","content":"\n\n16 February 2026\nMedal AI plc\n(\"MedPal AI\" or the \"Company\")\nCompletion of Acquisition of Universal Pharmacy assets and Expansion of Robotic Distribution Facility in Swaffham\nMedpal AI plc (AIM: MPAL, Frankfurt: Z1N), the AI-powered pharmacy and healthcare services group, is pleased to announce the successful completion of its acquisition of key assets (the \"Acquisition\") from Universal Pharmacy Ltd (in administration) on 13 February 2026. The Acquisition was undertaken through the Company's wholly owned subsidiary, MedPal Limited, and was originally announced on 16 September 2025. Completion of the transaction was conditional, inter alia, on MedPal Limited obtaining approval from NHS England of its pharmacy licence application, confirming fitness to practice and change of ownership in respect of the NHS pharmacy contract previously held by Universal Pharmacy Limited.\nThe licence was approved on 4 November 2025 and the pharmacy is now fully operational under Medpal Limited's ownership. Consideration for the Acquisition comprised an initial payment of £15,000 followed by a final payment of £30,000 on completion.\nIn conjunction with the Acquisition, the pharmacy premises have been expanded to encompass Units 21, 23, and 25 at Ecotech Innovation Business Park, Turbine Way, Swaffham, Norfolk PE37 7XD. This represents a tripling of the facility's footprint, creating one of the UK's most advanced robotic distribution hubs for pharmaceutical services. The expansion includes:\n· Assignment of existing leases for Units 23 and 25 (previously operated by Universal Pharmacy Ltd); and\n· A new 10-year lease (with a break option in 2029) for Unit 21, adjacent to the existing sites.\nThe enlarged facility is now structured to operate 24/7 with a capacity to handle over 100,000 prescription items per month with automated dispensing, order fulfilment, and nationwide delivery of prescription and over-the-counter medications. It aligns with the Company's strategy to leverage AI and robotics to improve efficiency, reduce costs, and expand its market share in the growing UK pharmacy sector.\nThis transaction further advances Medpal AI's vertically integrated healthcare model, as outlined in the Company's announcement of 10 February 2026. By securing the NHS contract, integra...