Verod Celebrates 30 Years of Medplus Pharmacy Limited: A Reflection on the Power of Private Equity for Sustainable Impact
At Verod, we proudly celebrate 30 years of Medplus Pharmacy Limited, our trusted partner since 2022. Medplus Pharmacy Limited's incredible journey is a testament to the power of private equity to enable growth, good corporate governance, ESG monitoring, evaluation, and implementation, and a robust and resilient business strategy.
We believe that our role is more than just providing capital. We are committed to partnering with visionary entrepreneurs to build solid and sustainable businesses that bridge market gaps, create jobs and improve people's lives in their communities.
Medplus Pharmacy Limited has grown from a humble pharmacy to a leading pharmaceutical and healthcare retailer in Nigeria. This remarkable growth is driven by the company's unwavering focus on customer service, innovation, and operational excellence.
Verod's investment in Medplus Pharmacy Limited has helped to accelerate the company's growth and expansion. We have worked closely with the Medplus Pharmacy Limited management team to implement several initiatives, including:
Strengthening corporate governance and risk management practices
Investing in ESG initiatives to reduce the company's environmental impact and support the well-being of its employees and communities
Developing and executing a robust business strategy that is aligned with the company's long-term goals
At Verod, we recognise the true purpose of private equity. By backing credible, experienced entrepreneurs with institutional capital, we enable businesses like Medplus Pharmacy Limited to scale and thrive, making a positive impact.
For us at Verod, being backed by investors like the African Development Bank Group (AFDB), British International Investment (BII), the European Investment Bank (EIB), FMO - Dutch entrepreneurial development bank, Norfund, Sango Capital, Kuramo Capital Management, the IFC - International Finance Corporation, DEG, and various other DFIs and institutional investors means adhering to global standards and best practices, whilst delivering economic development, growth, and ultimately, to generate sustainable development impact.
This elevates our industry and contributes to market development, SMEs, and mid-market businesses, creating jobs and improving living conditions in our communities. This is a true reflection of the purpose of private equity in fostering sustainable impact.
As we commemorate Medplus' 30 years of success, we invite you to share your private equity stories and inspire others!
#Verod #VerodCapital #PrivateEquity #SustainableImpact #MedplusMilestone #BusinessPartnership #Nigeria
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