Southern California, August 2020 – Harbor Healthcare Consultants is pleased to announce the successful sale of an independent long-term care (LTC) pharmacy servicing 6,000 lives in Southern California to a private investor. The transaction synthesized a highly advantageous strategy to unlock rapid growth potential for the company while securing the financial position of the pharmacy founders.
Long-term care is a highly competitive segment of pharmacy and industry relationships can take years or decades to build. Confidentiality in an M&A engagement is crucial. Harbor holds confidentiality in the highest regard and has developed proprietary methods to maintain confidence in every engagement they advise on.
The independent LTC pharmacy will continue to operate under the same name and management team to deliver unrivaled, high-touch, customer-focused pharmacy services to its Southern California customers and clients.
“The owners of this pharmacy worked diligently over many years to create an exceptional name in Southern California. This transaction will not change the high-quality service its customers have come to know and love. In fact, it will bring additional resources and technology to the Company for growth, while providing outstanding service to new and existing patients and customers. With the dynamics of Covid affecting many businesses today, we were pleased to help facilitate an increase in value for the pharmacy considering these unprecedented times. Rigorous negotiations on behalf of our clients are a facet of our business that we enjoy and maximizing their value while identifying a win-win for seller and buyer is pivotal to our advisory services. We look forward to watching the business achieve its full potential.” said Michael Cammeyer of Harbor Healthcare.
About the Southern California LTC Pharmacy
Founded nearly 20 years ago, the pharmacy provides services to over 6,000 patients in facilities located across the Southern California region. Led by well-seasoned industry veterans, the business’ operational excellence and high quality of service created a blueprint for lasting success.
About Harbor Healthcare
Harbor Healthcare is a boutique investment bank offering a variety of M&A advisory services to healthcare and pharmacy businesses since 1995. The company has provided advisory services and completed over one billion in transaction value to its clients 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, infusion and compounding pharmacies. The firm offers unparalleled regulatory expertise and maintains strong business relationships with strategic and private equity acquirers. For more information, please visit https://harborhealthcare.com.