Michigan, March 2022 – Harbor Healthcare Consultants is pleased to announce the successful sale of Pharmacy Solutions, a Michigan-based 503A compounding pharmacy and leading provider of compounded therapies serving patients across 43 states. The transaction brings together two prominent pharmacies with extensive synergies and creates tremendous value for both buyer and seller. Building on their existing geographic footprints, the pharmacy can now streamline services, reduce expenses, and unlock greater potential through geographic expansion.
“The team at Harbor Healthcare presented us with offers from several highly-qualified buyers that matched the specific goals we wanted to achieve with the sale of the pharmacy.” said Sahar Swidan, president of Pharmacy Solutions. “With the structure that Harbor helped us create, we achieved our goals, and the relationships and rapport of the pharmacy are well preserved.”
The existing team members at Pharmacy Solutions will remain in place, ensuring the continuation of excellent service while continuing the sellers’ legacy and improving retention of patients and providers.
“We are honored to bring both buyer and seller together in this strategic partnership. Compounding pharmacy is undergoing a wave of consolidation and both buyer and seller capitalized on broader opportunities currently afforded in the marketplace. Pent up demand, telehealth, and access to unprecedented capital have generated significant tailwinds in compounding pharmacy. The current landscape for owners during this time can create generational wealth that presents itself only once in a lifetime. In today’s capital markets, value remains the foremost consideration for a seller in an M&A transaction. However, depending on their existing strategy and profile, there are buyer synergies that many sellers are unaware of. Owners frequently leave money and opportunity on the table because they’re not able to identify the ideal buyer, which is unfortunate. Pharmacy Solutions identified an ideal acquirer and successfully unlocked liquidity. We look forward to the success of the organization.” said Mark Alford, Strategic Advisor for Harbor Healthcare.
About Pharmacy Solutions
Pharmacy Solutions was formed in 2001 with the express purpose of providing superior pharmacy services to medical professionals and their patients. Their emphasis of offering patients a personal and educational experience distinguishes them from other pharmacies. Pharmacy Solutions received the ‘Best of Ann Arbor Pharmacies’ award for 4 years in a row, is a PCAB accredited compounding pharmacy and a member of PCCA®.
About the Acquiring Pharmacy
The acquirer is a 503A compounding pharmacy specializing in compounded oral, sublingual and topical dosage forms through sterile and non-sterile environments. By providing better patient outcomes through quality compounding, they remain at the nationwide forefront of the compounding pharmacy segment. The pharmacy is licensed in all 50 states and provides medication for anti-aging and integrative therapies.
About Harbor Healthcare
Harbor Healthcare is a boutique M&A advisory firm offering services to middle market healthcare and pharmacy businesses since 1995. The company provides perceptive strategic solutions to independent owners and investors of long-term care, specialty, home infusion, compounding (503A and 503B) and 340B pharmacies. As a pharmacist-founded firm comprised of bankers and healthcare entrepreneurs, Harbor offers unparalleled regulatory and advisory expertise while maintaining unshakeable business relationships with strategic, private equity and independent acquirers. For more information, please contact Mark Alford, Strategic Advisor for Harbor Healthcare (619) 535-9005 or visit https://www.harborhealthcare.com.
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