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.”
This is Mike Moran and David Feuer’s 2nd successful LTC Pharmacy transaction in the last 6 months, with combined annualized revenues totaling $70 Million. They continue to rapidly build on their success within the LTC Pharmacy market.
American Healthcare Capital also continues to build on their 28-year history as one of the nation’s largest premier M&A advisory firms. President and Founder, Jack Eskenazi, stated, “Mike and David did a phenomenal job on this transaction. Companies are sold, not bought. 2018 is proving to be another great year for AHC, which is a testament to the hard work our team has put forward to get deals closed.”
About American Healthcare Capital
American Healthcare Capital is a 28-year-old, full service, nationwide Mergers & Acquisitions advisory firm headquartered in Marina Del Rey, California. With over $1 Billion in active sell-side and buy-side engagements, they engage with the entire spectrum of the healthcare industry, including but not limited to Home Health, Hospice, Private Duty, Behavioral Health, IDD, DME, Medical Staffing, Long Term Care, Urgent Care and all types of Pharmacy.
With services focusing solely in the healthcare services sector, AHC understands the need for a unique approach with intimate real-time knowledge of the marketplace. Their network of buyers, with over 100,000 active subscribers, is larger than any other middle-market advisory firm. They know who is buying for a premium, who is selling for a discount, and what deals can get financing.
American Healthcare Capital’s full scope of services include: sell-side engagements, buy-side engagements, term loans & accounts receivable lending, real estate loans for healthcare facilities, mezzanine financing, SBA loans, valuations & court approved appraisal services.