Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, Preferred Care Pharmaceutical Services (PCPS), headquartered in Hollywood, South Carolina, by Guardian Pharmacy LLC and Winyah Pharmacy Solutions. Guardian Pharmacy is one of the largest long-term care pharmacy companies in the U.S.; Winyah Pharmacy Solutions is a member of the Guardian family.
The acquisition closed on May 1, 2015. Founded in 1996, PCPS provides health solutions to institutional facilities that include, but are not limited to, long-term care, community longterm care, and mental health. The Company offers free delivery services and derives a majority of its revenue through institutional prescription delivery, as well as incontinence and national products to eligible clients. Managing Director Don Sawyer and Vice President Mark Breheny led the Generational Equity deal team that advised PCPS on the transaction. "Tim and Diane Keisler were a pleasure to work with; completely accommodating when requests for information came from Guardian Pharmacy. And Guardian Pharmacy were complete professionals when it came to keeping us in the loop where they were in the process," stated Mark Breheny.
Headquartered in Atlanta, Guardian Pharmacy is one of the fastest-growing long-term care pharmacy companies, with 24 locations servicing 53,000 assisted living, skilled nursing, hospice and behavioral health patients across 14 states. Through its Local Autonomy business model, the company partners with entrepreneurs who have industry expertise and want to start their own business or join the Guardian family with their established pharmacy. Guardian's philosophy ensures that each pharmacy maintains local ownership and decision-making capabilities so that they can tailor their services to meet customers' unique needs. At the same time, pharmacy partners receive business, financial and leadership resources from Guardian's corporate support team and benefit from the company's expertise in accelerating top line growth and improving the profitability of specialty pharmacies.
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