Pictured above: Hiren Modi, managing director of Medco
Celesio UK and Penny Robb, centre manager at The University of
Warwick Science Park's Business Innovation Centre in
Binley
The multi-national joint venture of two of the world's leading
pharmacy and healthcare companies has chosen to manage its UK
operation from Coventry.
American pharmaceutical company Medco - which ranks 35th on the
Fortune 500 list - teamed up with German healthcare service
provider Celesio to form a new pharmacy-driven organisation called
Medco Celesio B.V. in June last year.
The firm aims to improve the quality of clinical care and reduce
overall costs by analysing the effectiveness of current healthcare
programmes, introducing personalised care services for patients
whose medicine requires special handling and improving the overall
efficiency of care delivery.
The headquarters of the joint venture is in Amsterdam and as the
first step in its bid to establish itself in the UK, the firm
selected the University of Warwick Science Park's Business
Innovation Centre in Binley, as the hub for the operation.
Hiren Modi is the managing director of the UK arm of Medco
Celesio B.V. and believes Binley is the perfect starting place for
this ambitious organisation.
He said: "This joint venture launched last year with the focus
to offer a range of services that will offer more efficient
healthcare at lower costs.
"At the moment we are in the market research and product
development phase in the UK with a view to offering our services to
primary care organisations in the near future.
"Binley is a very good location for us. It is close to the
resources available in existing Celesio companies and it is a
fairly central location, close to Birmingham Airport which is good
for us because we frequently have colleagues flying in and out from
Europe and the United States.
"We currently have a small team in this office at any one time
but we will be looking to expand the operation on all fronts
towards the turn of the year."
The University of Warwick Science Park's Business Innovation
Centre in Binley is home to a range of firms - from a specialist
online recruitment company to high-tech automotive companies.
Centre manager Penny Robb is excited to see another growing
organisation add its name to this diverse list.
Penny said: "It is fantastic to be able to welcome a firm such
as Medco Celesio that is the result of a partnership between two
major players in their industry.
"We have a great deal of experience working with multi-national
firms and this as well as our location means we provide a great fit
for such companies.
"It is great to see the arrival of an organisation that is
already looking forward to expansion and another strength of this
centre is that we are in a position to support such growth, which
will prove to be another successful partnership."