LOS ANGELES–(BUSINESS WIRE)–American Healthcare Capital (www.americanhealthcarecapital.com), a national healthcare M&A advisory firm, announced today the sale of Care First Pharmacy Services, a Long-Term Care Pharmacy located in Berwick, Pennsylvania. Founded in 2006, Care First Pharmacy Services is a leading provider of Medications and Pharmaceutical services to patients located in Nursing Homes, Assisted Living Facilities, and Group Homes with nearly $15 Million in annualized revenue. The company was acquired by HealthDirect Pharmacy Services (www.hdrxservices.com), a portfolio company of KPH Healthcare (www.kphhealthcareservices.com). With over $1 billion in revenue, KPH Healthcare is a leading national provider of Pharmaceutical and Healthcare services with complementary businesses in both the Retail and Commercial segments of the industry.
“It was a pleasure assisting our clients at Care First Pharmacy to facilitate a successful transaction for two premier organizations,” said Mike Moran, Executive Vice President, and David Feuer, Vice President at American Healthcare Capital.
Keith Armson, COO and Partner at Care First Pharmacy, added, “Mike and David were an integral component of this transaction and their perseverance helped position the deal to close.”