Harbor Healthcare Advises Long’s Drugs LTC Pharmacy on Their Sale
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 […]
More2020 Fall/Winter LTC Pharmacy Market Update
Long-term care pharmacy faced unprecedented disruptions during 2020. Patients across the entire continuum of care felt an impact in some way and nearly all facility segments implemented new operating procedures. Pharmacies modified their daily operations and re-thought how they provided service. Many of the implemented changes will remain in place long after the impacts of […]
MoreHarbor Healthcare Advises Southern California LTC Pharmacy (6,000 Lives) on its Sale
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 […]
MoreNavigating Working-Capital Adjustments in Private M&A Transactions
Working-capital adjustments are a common type of purchase price adjustment, making it an integral component of Merger & Acquisition (“M&A”) transactions. For buyers, working-capital adjustments help ensure the business they procure satisfies the requirements for continued operation (going-concern basis). For sellers, working-capital adjustments help ensure they receive fair compensation. Working-capital adjustments represent the potential flexibility […]
More2020 Specialty and Infusion Pharmacy Outlook
Specialty pharmacy is the fastest growing pharmacy segment and it is estimated that specialty drugs accounted for nearly 70% of prescription-dispensing revenues in 2018. However, even with this strong representation, the past 12-24 months experienced slowing M&A activity. The number of transactions in 2019 for specialty and infusion pharmacies fell by nearly 15% from 2018 […]
More2020 Long-Term Care Pharmacy Outlook
The last 20 years delivered ups and downs to long-term care (LTC) pharmacies that caused significant disruption in the M&A space. Strategic players swept across the nation, gobbling up small and middle-market businesses in order to gain market dominance. CMS underwent several rounds of updates to their reimbursement plans that either accelerated or decelerated the […]
MoreHarbor Healthcare Advises Atkinson’s LTC Pharmacy on its Sale to Guardian Pharmacy Services
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 […]
MoreExtending Your Business Life Cycle
With today’s technological and legislative changes, pharmacy enterprises must be more adaptable than ever. They must continually transform what they do and how they do it. As companies grow and change, they will generally pass through five life-cycle stages: 1) launch 2) growth 3) shakeout 4) maturity and 5) decline. Depending on which stage a […]
MoreHow Contracts Impact Value in Pharmacy M&A Transactions
When engaging in the sale of your business, most well-informed buyers will have a comprehensive acquisition plan to assess potential synergies and assign a valuation range for a given acquisition target. Many times, the plan can be as simple as a master checklist that must be satisfied for an acquisition to be considered. These lists […]
MoreRetail Pharmacy Case Study
The pharmacy owners were seeking liquidity. Their objective was to monetize the assets of the company for personal investments, debt relief, and at the same time ensure a viable transition for the employees.
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