Harbor Healthcare Advises Behavioral Health LTC Pharmacy On Its Sale

Eastern USA • April 2024

Harbor Healthcare Consultants, a leading healthcare advisory firm, is pleased to announce the successful completion of the acquisition of a dual-location long-term care (“LTC”) pharmacy focused on behavioral health by a leading private equity-backed strategic acquirer. The acquisition, facilitated by Harbor Healthcare, spans operations across two eastern US states and marks a significant milestone in expanding pharmacy services to underserved populations.

The acquired pharmacy, renowned for its dedication to serving individuals with behavioral and mental health disorders, along with the senior community, provides vital care to its patient population. Through innovative services and concrete relationships, the pharmacy established itself as a beacon of excellence in enhancing patient journeys and healthcare outcomes.

“We are excited to welcome the talented team and valuable clientele of this pharmacy into our growing strategic footprint,” said the CEO for the strategic buyer. “This acquisition aligns perfectly with our mission to provide exceptional care and support to individuals facing behavioral health challenges and seniors in need of specialized pharmacy services. We look forward to leveraging our expertise and resources to further enhance the level of care provided to our expanding patient base.”

“We are proud of the legacy we built and are excited to transition into this new chapter with our acquirer,” said the owner of the selling pharmacy. “By joining forces, we are confident that we can continue to meet the evolving needs of our patients while tapping into the innovative solutions and resources the buyer offers.”

“This partnership represents a strategic opportunity for growth and innovation in both the behavioral health and the LTC pharmacy sector. The behavioral health sector more broadly, is seeing tremendous interest and collaboration as awareness expands on patients suffering from these disorders. We congratulate both parties on this successful transaction and look forward to the positive impact on patient care that is a result of this transaction,” said Michael Cammeyer of Harbor Healthcare.

The acquisition underscores Harbor Healthcare’s commitment to facilitating strategic transactions that drive positive outcomes for healthcare providers and patients alike. By bridging the gap between buyers and sellers, Harbor Healthcare continues to play a strategic role in shaping the continued growth of pharmacy services organizations.

About The Behavioral Health Pharmacy

The sell-side pharmacy located in the Eastern United States, provides services to mental health patients and seniors in a myriad of communities and facilities. For over a decade, the pharmacy has been dedicated to providing high-quality medications and pharmacy services tailored to meet the unique needs of patients and healthcare providers from their two locations. Their commitment to excellence and patient care has made them a trusted source for mental health medications throughout their geographic footprint.

About The Acquiring Pharmacy

The acquirer is a leading behavioral health pharmacy provider in the Eastern United States. Their mission to provide therapies to the underserved individuals in communities across the nation. The pharmacy operates multiple locations across several states and continues to grow their operations throughout the country.

About Harbor Healthcare
Harbor Healthcare is a boutique M&A advisory firm founded in 1995 by its President and pharmacist, Ira Cammeyer. Harbor offers a variety of M&A advisory services to middle market healthcare and pharmacy businesses. The company provides perceptive strategic solutions to independent owners and investors of long-term care, specialty, infusion, compounding and 340B pharmacies. Harbor offers regulatory and advisory expertise while maintaining business relationships with strategic, private equity and independent acquirers. For more information, please contact Mark Alford, Managing Director at Harbor Healthcare (619) 535-9005 or visit https://www.harborhealthcare.com.

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Author:

Mark Alford

Director & Strategic Advisor

619-535-9005

A much deserved yet overdue thank you for your continued help and support of me with the questions that I ask of you from time to time. I appreciate your patience and perseverance in ensuring that you find the right answer for me.
Jeffrey E. Feldberg
Choosing someone that could mentor me with all of the nuances of this type of business was important. I was very fortunate to find Mark who has been instrumental in helping me understand not only what needed to be done but also how to accomplish it in the most effective, efficient way.
Tammy Miller
Being a pharmacist himself and owning his own businesses provides Ira with unique insight when working on behalf of a pharmacy owner… While working on my behalf, I observed several of Ira’s personality characteristics which helped create and keep the deal together; these being: people skills, positive attitude, decisiveness, creativity and intellect. In addition, during the transaction Ira was able to gain the respect of our prospective buyers with his expertise and style…
Ronald A. Memo, RPh
Ira Cammeyer is not a “business broker”. He and his colleagues are deal makers. They maximize your position in the market and represent you 110%. The association does not stop after the deal is done. Belonging to the “Ira” family brings you opportunities in the future. In addition, Ira is there for you. His opinion and network is just a phone call away.
Stanley R. Goldenberg, RPh, FASCP
Michael worked tirelessly in establishing financials that would convert our private business records into the format required for evaluation by potential capital partners. We could not be more pleased by the results and will continue our relationship with Harbor Healthcare so that they can assist us in finding potential acquisition targets.
Ron Belville, RPh