MedPlus: Difference between revisions
Nathan2055 (talk | contribs) Cleaning up submission (AFCH 0.9) |
WIP |
||
| Line 14: | Line 14: | ||
---- |
---- |
||
<!-- EDIT BELOW THIS LINE --> |
<!-- EDIT BELOW THIS LINE -->. |
||
[[File:Medplus store.JPG|thumb|Medplus store]]. |
|||
'''MedPlus (MedPlus Health Services Private Limited)''' is |
'''MedPlus (MedPlus Health Services Private Limited)''' is an Indian pharmacy retailer headquartered at Hyderabad ,India. <ref>{{Cite web|title = Hyderabad 's online pharma chains help take meds to the marooned - Times of India|url = http://timesofindia.indiatimes.com/city/hyderabad/Hyderabad-s-online-pharma-chains-help-take-meds-to-the-marooned/articleshow/50035836.cms|website = The Times of India|access-date = 2016-01-22}}</ref><ref>{{Cite web|title = India Pharma Retail Market 2015 - Market is projected to exhibit a CAGR of over 14.22% globally during 2015–2020F: ResearchMoz|url = https://globenewswire.com/news-release/2016/01/13/801501/0/en/India-Pharma-Retail-Market-2015-Market-is-projected-to-exhibit-a-CAGR-of-over-14-22-globally-during-2015-2020F-ResearchMoz.html|website = GlobeNewswire News Room|access-date = 2016-01-22|language = en-US|first = Researchmoz Global Pvt|last = Ltd}}</ref> {{Infobox company|name = MedPlus Health Services Pvt. Ltd.|location_city = [[Hyderabad]]|location_country = [[India]]|logo = Medplus store.JPG|locations = 1311|area_served = [[India]]|industry = Pharmacy|num_employees = 10000|type = [[Private]]|subsid = MedPlusMart.com</br>MedPlusLab}} |
||
== Overview == |
|||
It is thesecond largest chain in India with and operates 1311 stores out of which 1225 are company owned stores, 29 franchisee are owned stores and 57 are hospital based pharmacies across 12 states and close to 150 towns and cities in India.{{Citation needed|date = January 2016}} |
|||
MedPlus sells prescription and OTC medicines, FMCG products, vitamins and other nutrition supplements, and opticals |
MedPlus sells prescription and OTC medicines, FMCG products, vitamins and other nutrition supplements, and opticals.<ref>{{Cite web|title = India Pharma Retail Market: Trends, Opportunities and Forecasts (2015-2020F) (By Segment - Standalone & Chained, By Region, Customer Survey, Market Entry Strategy, Value Chain, Private Label Brands, Margins and Revenue Contribution)|url = http://www.prnewswire.com/news-releases/india-pharma-retail-market-trends-opportunities-and-forecasts-2015-2020f-by-segment--standalone--chained-by-region-customer-survey-market-entry-strategy-value-chain-private-label-brands-margins-and-revenue-contributio-300196939.html|website = www.prnewswire.com|access-date = 2016-01-22|last = ReportBuyer}}</ref> It also offers clinical laboratory services and physician consultation services in Hyderabad, Vijayawada and Bengaluru, India. The company owns and runs ePharmacy - MedPlusMart.com<ref>{{Cite web|title = Soon you will be able to buy medicines online!|url = http://www.businessinsider.in/Soon-you-will-be-able-to-buy-medicines-online/articleshow/48539458.cms|website = Business Insider|access-date = 2016-01-22}}</ref>and an online clinical lab<ref>{{Cite news|title = MedPlus launches online clinical lab service|url = http://www.thehindu.com/news/cities/Hyderabad/medplus-launches-online-clinical-lab-service/article7971360.ece|newspaper = The Hindu|date = 2015-12-10|access-date = 2016-01-22|issn = 0971-751X|language = en-IN}}</ref> service - MedPluslab.com.<ref>{{Cite web|title = MedPluslab.com to make lab testing convenient and affordable|url = http://www.pharmabiz.com/NewsDetails.aspx?aid=92198&sid=2|website = www.pharmabiz.com|access-date = 2016-01-22}}</ref> |
||
| ⚫ | |||
| ⚫ | |||
Founded in 2006 by Dr. Madhukar Gangadi, a Wharton and Kurnool Medical College alumnus, the company's first store was launched at Tilak Nagar, Hyderabad<ref>{{Cite web|title = MedPlus launches India’s first pharmacy e-tailer service in Hyderabad|url = http://www.pharmabiz.com/NewsDetails.aspx?aid=87587&sid=2|website = www.pharmabiz.com|access-date = 2016-01-22}}</ref> in February 2006. Initially operating under the Aushadhi brand name, it was rebranded as MedPlus after the opening of the first 48 stores. |
Founded in 2006 by Dr. Madhukar Gangadi, a Wharton and Kurnool Medical College alumnus, the company's first store was launched at Tilak Nagar, Hyderabad<ref>{{Cite web|title = MedPlus launches India’s first pharmacy e-tailer service in Hyderabad|url = http://www.pharmabiz.com/NewsDetails.aspx?aid=87587&sid=2|website = www.pharmabiz.com|access-date = 2016-01-22}}</ref> in February 2006. Initially operating under the Aushadhi brand name, it was rebranded as MedPlus after the opening of the first 48 stores. |
||
Revision as of 18:03, 28 January 2016
 | This article, MedPlus, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
Reviewer tools: Inform author |
| This article, MedPlus, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
Reviewer tools: Inform author |
| This article, MedPlus, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
Reviewer tools: Inform author |
| This article, MedPlus, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
Reviewer tools: Inform author |
| This article, MedPlus, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
Reviewer tools: Inform author |
| This article, MedPlus, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
Reviewer tools: Inform author |
Comment: Article needs references w.r.t. WP:NCORP , lacking severely on that front. Devopam (talk) 09:10, 19 January 2016 (UTC)
- Comment: Simply still not enough in-depth third-party sources overall. SwisterTwister talk 05:42, 31 December 2015 (UTC)
- Comment: Try to find some more in-line citations for your article. -Liancetalk/contribs 15:26, 21 December 2015 (UTC)
.
MedPlus (MedPlus Health Services Private Limited) is an Indian pharmacy retailer headquartered at Hyderabad ,India. [1][2]
 | |
| Company type | Private |
|---|---|
| Industry | Pharmacy |
| Founded | 2006  |
| Headquarters | , |
Number of locations | 1311 |
Area served | India |
Number of employees | 10000 |
| Subsidiaries | MedPlusMart.com MedPlusLab |
Overview
It is thesecond largest chain in India with and operates 1311 stores out of which 1225 are company owned stores, 29 franchisee are owned stores and 57 are hospital based pharmacies across 12 states and close to 150 towns and cities in India.[citation needed]
MedPlus sells prescription and OTC medicines, FMCG products, vitamins and other nutrition supplements, and opticals.[3] It also offers clinical laboratory services and physician consultation services in Hyderabad, Vijayawada and Bengaluru, India. The company owns and runs ePharmacy - MedPlusMart.com[4]and an online clinical lab[5] service - MedPluslab.com.[6]
History
Founded in 2006 by Dr. Madhukar Gangadi, a Wharton and Kurnool Medical College alumnus, the company's first store was launched at Tilak Nagar, Hyderabad[7] in February 2006. Initially operating under the Aushadhi brand name, it was rebranded as MedPlus after the opening of the first 48 stores.
MedPlus underwent two rounds of fund infusion from Venture Capital and Private Equity firms. It raised investment in the first round in 2007 from Peepul Capital (then known as ILabs Investment Fund II LLC), Pharmaceutia Ventures Limited, and NEA IndoUS Venture Capital LLC (now Kalaari capital). The second round of investment was raised in 2011 from MKCP Direct Investments (Mauritius) IV Ltd, India Venture Trust - Fund- I, and TVS Sriram Growth Fund I. Using the investments for organic store expansion in several geographies across India , the company operates 1311 pharmacy stores located across 12 states with more than 10,000 employees on its rolls.
The company opened pharmacies in the western states of Gujarat and Rajasthan in 2007, but had to shut down and exit operations due to recurring losses. It relaunched stores in Ahmedabad, Gujarat in 2014.
Medplus started selling private label products in 2010 under brand names EatRite for Food products, and Avelia and Urbania for personal care products. It also a introduced a loyalty programme to provide additional value for customers which goes by the name FlexiRewards.[8]
Operating Structure and Subsidiaries
MedPlus operates a hub and spoke model with warehouses in all major cities in the states in which it operates with regional distribution centres in smaller cities. The stores are in turn supplied by these large and small distribution centres. The retail stores are owned and managed by the company subsidiaries Optival Health Solutions Private Limited and RiteMed Pharma Retail Private Limited.
The company provides omni-channel access to its customers for its services via online, mobile, voice and physical retail fronts through a combination of its stores and the ePharmacy[9] store MedPlusMart.com[10]
It also offers home based clinical lab services through the portal MedPluslab.com and prescription and non prescription glasses and other optical products through its optical business subsidiary.
Criticisms
The AIOCD (All India organization of Chemists & Druggists) called for a nationwide strike on October 14, 2015 against online sale of drugs and criticized ePharmacies[11] like MedPlusMart.com as illegal and a threat to the interests of around 8.5 lakhs chemists [12]around India. MedPlus defended its online sales policy[13] as being in compliance with the current drug act and as a valuable service to its customers.
References
- ^ "Hyderabad 's online pharma chains help take meds to the marooned - Times of India". The Times of India. Retrieved 2016-01-22.
- ^ Ltd, Researchmoz Global Pvt. "India Pharma Retail Market 2015 - Market is projected to exhibit a CAGR of over 14.22% globally during 2015–2020F: ResearchMoz". GlobeNewswire News Room. Retrieved 2016-01-22.
- ^ ReportBuyer. "India Pharma Retail Market: Trends, Opportunities and Forecasts (2015-2020F) (By Segment - Standalone & Chained, By Region, Customer Survey, Market Entry Strategy, Value Chain, Private Label Brands, Margins and Revenue Contribution)". www.prnewswire.com. Retrieved 2016-01-22.
- ^ "Soon you will be able to buy medicines online!". Business Insider. Retrieved 2016-01-22.
- ^ "MedPlus launches online clinical lab service". The Hindu. 2015-12-10. ISSN 0971-751X. Retrieved 2016-01-22.
- ^ "MedPluslab.com to make lab testing convenient and affordable". www.pharmabiz.com. Retrieved 2016-01-22.
- ^ "MedPlus launches India's first pharmacy e-tailer service in Hyderabad". www.pharmabiz.com. Retrieved 2016-01-22.
- ^ Sridhar, G Naga. "Pharmacies lure customers with discounts, freebies". The Hindu Business Line. Retrieved 2016-01-22.
- ^ "MedPlus Launches 'Click, Pick and Save' Facility". The New Indian Express. Retrieved 2016-01-22.
- ^ "A Taste of Their Own Medicine". The New Indian Express. Retrieved 2016-01-22.
- ^ "End of e-pharmacy days? - Times of India". The Times of India. Retrieved 2016-01-22.
- ^ "Online pharma portal runs into resistance from store chemists - Times of India". The Times of India. Retrieved 2016-01-22.
- ^ "Some form of online pharma presence inevitable: MedPlus". Deccan Herald. Retrieved 2016-01-22.
- Pending AfC submissions
- Pending AfC submissions in article space
- AfC submissions by date/22 January 2016
- AfC submissions by date/13 January 2016
- AfC submissions by date/07 January 2016
- AfC submissions by date/30 December 2015
- AfC submissions by date/22 December 2015
- AfC submissions by date/21 December 2015