Generational Equity, a leading mergers and acquisitions advisor for privately-held, middlemarket businesses, today announced the acquisition of its client, Waupaca Woods Pharmacy, Inc., headquartered in Waupaca, Wisconsin, by Shopko Stores Operating Co., LLC (Shopko), headquartered in Green Bay, Wisconsin. The transaction closed on September 21, 2012. Terms regarding this acquisition were not disclosed.
Waupaca Woods Pharmacy was founded in 1977 by pharmacist Jeff Oestreich who owned and operated two locally-owned Health Mart retail pharmacies, Waupaca Woods Pharmacy and Riverside Clinic Pharmacy. The stores provide pharmaceutical services in a clean and pleasant environment, including compounding and filling prescription orders, mailing-out prescriptions, and making local prescription deliveries. Pharmacist Jeff Oestreich and his staff will be retained by Shopko.
"We are dedicated to meeting the healthcare needs of our customers with prompt, friendly, professional service," Oestreich said. "We are also committed to looking for new ways to better serve our customers and make their pharmacy experience as convenient as possible." Managing Director Doug Smith and Vice President, Michael Goss, led the Generational Equity deal team that advised Waupaca Woods Pharmacy on the transaction. According to Michael Goss, "This transaction was the ideal situation in which a highly-strategic buyer was present and seeking entrance into the Waupaca community. Both sides worked together with determination to create a win-win scenario for all, with a unified goal of successfully enhancing product offerings and levels of service to customers, as well as the local community and economy in and around Waupaca."
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