Northeastern United States, November 2021 – Harbor Healthcare is pleased to announce the successful sale of a Northeastern based long-term care (LTC) pharmacy, a leading provider serving assisted living, behavioral health and group home facilities. The acquirer, a private buyer, is also a successful provider of LTC pharmacy services to an adjacent region. Many strategic partnerships create financial, competitive and supply chain synergies for buyer and seller, and this transaction was a strong representation of that.
“With the structure that Harbor helped us create, our business is positioned to accelerate. We are very excited to be a part of this new organization.” said the President of the sell-side LTC pharmacy.
Both pharmacies provided excellent service to their customers for decades and will continue to do so. The existing locations and team members will remain in place, helping to maximize value and continue growth while preserving the sellers’ legacy and improving retention through uninterrupted service.
“We are honored to bring both buyer and seller together in this unique partnership that unlocked liquidity and growth for buyer and seller. We are very excited to watch these pharmacies grow from new opportunities.” said Michael Cammeyer, Managing Director of Harbor Healthcare.
About the Northeastern LTC Pharmacy
The pharmacy brings more than 20 years of experience within assisted living, behavioral health and other post-acute facilities throughout the Northeast. The closed-door pharmacy is privately owned and brings expertise, experience and an uncompromised level of patient care to every customer they serve. Technology and outstanding knowledge in the field of pharmacy gained the trust and respect of healthcare professionals throughout the tri-state region.
About the LTC Acquiring Pharmacy
The closed-door, multi-location LTC pharmacy is led by more than 100 years of pharmacy experience and serves all segments within long-term care. As an independently owned institutional pharmacy, the company is able to provide a level of service that caters specifically to their facilities, staff and residents. Additionally, the pharmacy offers state-of-the-art technology that permits seamless integration with clients and customers and facilitates efficient management. The pharmacy operates in several states across the Midwest and East Coast.
About Harbor Healthcare
Harbor Healthcare is a boutique investment bank offering a variety of M&A advisory services to middle market healthcare and pharmacy businesses since 1995. The company provides perceptive strategic solutions to independent owners and investors of long-term care, specialty, home infusion, compounding and retail pharmacies. As a pharmacist founded firm comprised of bankers and healthcare entrepreneurs, Harbor offers unparalleled regulatory and advisory expertise while maintaining unshakeable business relationships with strategic, private equity and independent acquirers. For more information, please visit https://www.harborhealthcare.com.
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