Jacksonville, Florida, February 2020 – Harbor Healthcare is pleased to announce the acquisition of the long-term care division of Atkinson’s pharmacy by Guardian Pharmacy Services. The newly acquired pharmacy will operate as Guardian Pharmacy of Jacksonville and will continue serving existing long-term care (LTC) customers and their residents. Harbor Healthcare Consultants served as the exclusive M&A advisor to Atkinson’s pharmacy.
“We’ve enjoyed more than 25 years of success in LTC pharmacy serving our senior living communities and their residents,” said Rob Allen, President of Atkinson’s pharmacy. “Before making the final decision to retire from this industry, it was important for us to find an owner who shares our passion for senior care and is committed to our same standards for excellent customer service. Guardian Jacksonville not only has a successful track record but also embrace our same values and culture. The team at Harbor Healthcare not only found the right buyer for us but they did a great job of guiding us through the transaction and kept our goals in focus throughout.”
“This acquisition allows us to further grow our business and deliver the Guardian difference to more LTC communities in Northeast Florida,” said Khristy McClelland, president of Guardian Pharmacy of Jacksonville. “Opening in 2005, we were the first Guardian Pharmacy location established in Florida. Since that time, we’ve enjoyed continued success by putting an emphasis on customers, employees and the communities we serve. The expertise and shared values of Rob and his team will allow us to further strengthen that commitment.”
Michael Cammeyer, Managing Director at Harbor Healthcare Consultants said, “It’s very gratifying to share in the success of two great pharmacies as they enter their next, respective phase. We have enjoyed a great relationship with Guardian throughout the years and we were so pleased to promote a beneficial opportunity for Atkinson’s.”
As part of the Guardian Pharmacy Services family, Guardian Pharmacy of Jacksonville benefits from the company’s local-autonomy business model. This industry-unique model ensures that the local team can focus on customer service to meet the specialized needs of its communities and residents, while Guardian’s Corporate Support Team assists with the day-to-day business operations, including data analytics, payroll, HR, IT and more.
Regarding the transaction, Mark Alford, Director at Harbor Healthcare, commented, “Every entrepreneur deserves the unique reward of monetizing the equity in their business. Achieving this goal represents the ROI for many long days and nights, risks, losses and wins associated with building an enterprise. Owners are fortunate to exit their business in the current economy and tremendous value is created when a seller is united with a buyer under the right circumstances. Atkinson’s and Guardian pharmacies did an exceptional job acknowledging the synergies of the deal, creating a win-win-win for buyer, seller and their customers. Everyone involved worked very hard to make this transaction a success and we appreciate their diligence throughout.”
About Guardian Pharmacy Services
Guardian Pharmacy Services, headquartered in Atlanta, Ga., is one of the nation’s largest LTC pharmacy companies. Guardian’s pharmacies provide outstanding client service to senior housing communities including assisted living, skilled nursing, behavioral health and other long-term care facilities Founded in 2004, Guardian is best known for its unique local-autonomy business model, where pharmacy operators participate in local ownership and benefit from Guardian’s experience in high-growth, specialty pharmacies.
About Atkinson’s Pharmacy
Atkinson’s provided pharmacy services to the residents of Jacksonville, Florida and the surrounding areas for more than 25 years. During that time, the pharmacy offered services to residents of skilled nursing, assisted living and group homes in a variety of capacities. Providing best-in-class service and care to patients and customers the pharmacy is honored to have successfully served the local communities for so many years.
About Harbor Healthcare
Harbor Healthcare is a boutique investment bank offering a variety of M&A advisory services to businesses since 1995. The company has provided advisory services in over $1 Billion in enterprise value transactions across the North American continent in all aspects of healthcare and pharmacy. The company provides custom tailored solutions to independent owners of long-term care, specialty, home infusion, compounding and retail pharmacies. For more information, please visit https://harborhealthcare.com.