A company with interests in pharmacies, pharmaceutical wholesale and the exportation of medical devices has secured a loan to refinance its pharmacy and property portfolio.

MSA Global Holdings Limited, which has acquired pharmacies in West Midlands and Worcestershire in recent years and at one point had revenues of over £40m, with offices in the UK, Germany, Uganda and Djibouti, reached an agreement with Christie Finance to enable its regional pharmacy operator MSA Group to refinance its businesses.

Christie Finance said “it co-ordinated the funds for MSA Global” but did not disclose who provided the money or any of the terms of the loan.

“We were impressed by the lender’s understanding of the pharmacy market and their interest in assisting us to grow our business in the years ahead,” said MSA group managing director Shan Hassam, who described the refinancing as “quite a complex process.”

MSA Global has six pharmacies and dispenses 81,000 items a month.