AcquisitionsJul 16, 2026, 06:06 AM
NextPlat to Acquire Scott's Pharmacy for $1.5M, Adding $5.6M Revenue
AI Summary
NextPlat Corp announced that its indirect subsidiary, Progressive Care, LLC, entered into an agreement to acquire 100% of Scott's Pharmacy, LLC, a community pharmacy in Molino, Florida. The acquisition is valued at $1.5 million in cash and is expected to close by September 30, 2026. Scott's Pharmacy generated approximately $5.6 million in sales in 2025 with 19% retail margins, and the acquisition will expand NextPlat's PharmcoRx retail footprint and introduce new healthcare services in the region.
Key Highlights
- NextPlat's subsidiary, Progressive Care, LLC, will acquire Scott's Pharmacy, LLC.
- The acquisition is for 100% of membership interests in the Molino, Florida pharmacy.
- Total cash consideration for the acquisition is $1,500,000.
- Scott's Pharmacy generated approximately $5.6 million in sales for the year ended December 31, 2025.
- The pharmacy operated with retail margins of approximately 19% and was profitable.
- Closing is targeted by September 30, 2026, with a possible extension to October 31, 2026.
- The acquisition expands PharmcoRx's footprint into an underserved Northwest Florida market.
Price Impact
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