Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, Wagey Drug Company (Wagey), headquartered in Lincoln, Nebraska, by Kohll's Pharmacy (Kohll's) headquartered in Omaha, Nebraska. The acquisition closed on February 11, 2015.
Wagey is an independent, service-oriented retail community pharmacy. In addition to filing prescription orders, the Company specializes in providing prescription packaging for independent living individuals, and supplying small durable medical equipment (DME). Additional services unique to the pharmacy include in house charge accounts, and free prescription delivery to the door or by mail. Managing Director Terry Mackin led the Generational Equity deal team that advised Wagey on the transaction. "Our client had a personal desire to find a buyer that would keep the pharmacy running and the Wagey legacy in Lincoln going for years to come. With Kohll's and their dedication to independent neighborhood locations we were able to accomplish that goal," stated Mackin. Kohll's is a multi-dimensional healthcare operation with nine locations throughout Nebraska and Iowa. The Company has been in business for over 60 years providing pharmacy and home healthcare products.
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