Thomson, GA and Columbia, SC, October 2020 – Harbor Healthcare is pleased to announce the successful sale of Long’s Drugs (“Longs”) long-term care (LTC) pharmacy assets, owned by Kinderhook Industries. The transaction included two pharmacy locations serving Georgia and South Carolina. The pharmacies emphasize a patient-first priority with a focus on clinical excellence.
“In today’s competitive and challenging LTC marketplace, it’s imperative to pinpoint synergies that may exist in search of an ideal buyer. Thoroughly understanding the complex operations of a pharmacy, both internal and external, are pivotal to the optimization of enterprise value. We are very pleased to have helped facilitate an event that drives growth for the business and supports the customers and patients in receiving exceptional service.” Said Michael Cammeyer of Harbor Healthcare.
The pharmacies will continue their exceptional operations and serve patients in their respective regions, as additional locations for their new parent company that is rapidly growing nationwide.
About Longs Pharmacy
Headquartered in Columbia, South Carolina, Longs provides comprehensive pharmacy services across the United States. Longs offers tailored pharmacy solutions through 340B and other channels for Ryan White Clinics, Federally Qualified Health Centers, and STD Clinics.
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 is the M&A leader in LTC pharmacy across the North American continent and has completed transactions spanning the middle market. The company provides custom tailored solutions to independent owners of long-term care, specialty, home infusion, compounding and retail 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.