Add-on Acquisition • Healthcare Services

Remedi SeniorCare Acquires Frontier Pharmacy

On February 6, 2017, Remedi SeniorCare acquired healthcare services company Frontier Pharmacy

Acquisition Context
  • This is Remedi SeniorCare’s 1st transaction in the Healthcare Services sector.
  • This is Remedi SeniorCare’s 2nd transaction in the United States.
  • This is Remedi SeniorCare’s 1st transaction in Colorado.

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M&A Deal Summary

Date February 6, 2017
Target Frontier Pharmacy
Sector Healthcare Services
Buyer(s) Remedi SeniorCare
Deal Type Add-on Acquisition

Target Company

Frontier Pharmacy

Westminster, Colorado, United States
Frontier Pharmacy LLC is a provider of healthcare services, currently services 2,200 residents throughout the state of Colorado.
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Buyer Overview 1

Buyer

Remedi SeniorCare

Baltimore, Maryland, United States

Category Company
Founded 1954
Sector Healthcare Services
DESCRIPTION

Remedi SeniorCare delivers comprehensive pharmacy services, pharmacy consulting, and data management services to nursing homes, assisted living, and continuing care retirement communities. The business is committed to helping these organizations achieve outstanding care, financial strength, and medication safety. Remedi combines their culture of caring with real-world pharmacy services and best-in-class technology to give organizations more time and resources and help them focus on caring for their residents. Remedi SeniorCare was formed in 1954 and is based in Baltimore, Maryland.


Deal Context for Buyer #
Overall 2 of 2
Sector: Healthcare Services 1 of 1
Type: Add-on Acquisition 2 of 2
State: Colorado 1 of 1
Country: United States 2 of 2
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-13 Cornerstone Pharmacy

Eastlake, Ohio, United States

Cornerstone Pharmacy operated an institutional pharmacy distributing prescription medications and over-the-counter products to residents of long-term care facilities such as skilled nursing facilities, assisted living facilities and special needs facilities.

Buy -