Harbor Healthcare mergers & acquisitions, is pleased to announce the successful sale of two behavioral health pharmacies located in California. The pharmacies, which include a closed-door long-term care (LTC) pharmacy and a retail pharmacy, primarily serve patients with mental health and substance use disorders.
The acquisition was made by a private equity-backed strategic pharmacy operator with multiple locations across the western United States. This transaction marks a significant milestone in Harbor Healthcare Consultants’ continued commitment to advancing healthcare services through strategic M&A activities.
“We are proud to have facilitated the sale of these two vital healthcare facilities,” said Ira Cammeyer, President of Harbor Healthcare. “Behavioral health is an area of critical need, and this transaction aligns with our mission to support the growth of healthcare services providing care to vulnerable populations. The buyer’s commitment to expanding access to mental health and substance use disorder treatment was a key factor in the successful completion of this deal.”
The seller expressed satisfaction with the outcome, “Selling these pharmacies was a difficult decision, but we are confident that the new ownership will continue to prioritize the needs of our patients. Harbor Healthcare guided us through every step of the process, ensuring that we found a buyer who shares our commitment to high-quality care.”
The buyer also shared their enthusiasm for the acquisition, “Expanding our footprint in the behavioral health space is a strategic priority for us. The addition of these two pharmacies will allow us to better serve patients across California and its neighboring states. We are grateful to Harbor Healthcare Consultants for their expertise and professionalism in making this transaction seamless.”
The sale of these two pharmacies comes at a time when the mental health crisis in California and across the United States continues to grow. According to recent statistics, nearly one in five adults in the U.S. experiences mental illness each year, and California has seen a significant increase in demand for mental health services, particularly in underserved communities. The integration of these pharmacies into a larger network is expected to enhance access to critical medications and support services for individuals struggling with mental health and substance use disorders.
About Harbor Healthcare
Harbor Healthcare is a boutique M&A advisory firm founded in 1995. 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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