Latest news with #GuardianPharmacy
Associated Press
02-06-2025
- Business
- Associated Press
Guardian Pharmacy Services Expands Pacific Northwest Footprint with Acquisition of Washington-based Mercury Pharmacy Services
ATLANTA--(BUSINESS WIRE)--Jun 2, 2025-- Guardian Pharmacy Services, Inc. (NYSE: GRDN), one of the nation's largest and most innovative long-term care (LTC) pharmacy services companies, today announced its acquisition of Mercury Pharmacy Services, a leading LTC pharmacy based in Mountlake Terrace, Wash. This acquisition marks Guardian's first pharmacy location in Washington and represents one of the company's larger recent single-pharmacy deals. With this strategic addition, Guardian expands its footprint into the Pacific Northwest, positioning the company to support the growing demand for LTC pharmacy services across this area. The new location will serve residents in assisted living, skilled nursing, and behavioral health communities, as well as individuals with intellectual and developmental disabilities. Founded in 2001, Mercury Pharmacy Services is among the largest providers of LTC pharmacy services in the Seattle-Tacoma area and serves residents and LTC communities across the state of Washington and adjoining areas. All existing leadership and staff at Mercury Pharmacy Services will remain in place, continuing to operate under the same name. 'As we continue our nationwide expansion, we remain focused on identifying outstanding local pharmacies in regions where senior living operators have expressed a clear need for high-quality, LTC pharmacy services,' said Fred Burke, president and CEO of Guardian Pharmacy Services. 'Demand for dependable, responsive LTC pharmacy service has grown significantly across Washington, and our acquisition of Mercury Pharmacy Services allows us to meet that need with a financially strong, high-performing pharmacy already delivering exceptional care.' As with Guardian's other acquisitions, Mercury Pharmacy Services will benefit from the company's unique business model. This enables the local pharmacy teams to focus on customer service and the specialized needs of the communities and residents they serve, while Guardian's centralized Corporate Support Team assists with the many complex behind-the-scenes business functions, including data analytics, HR, IT, payor relations, national sales and more. Founded in 2004, Guardian Pharmacy Services has expanded from a single location to more than 50 pharmacies serving approximately 7,000 LTC facilities across the U.S. This growth has been fueled by a balanced strategy of organic expansion, greenfield startups, and acquisitions, supporting the company's success in a rapidly evolving market. For more information, visit About Guardian Pharmacy Services Guardian Pharmacy Services is a leading long-term care pharmacy services company that provides an extensive suite of technology-enabled services designed to help residents of long-term health care facilities ('LTCFs') adhere to their appropriate drug regimen, which in turn helps reduce the cost of care and improve clinical outcomes. As of March 31, 2025, our 51 pharmacies served approximately 189,000 residents in approximately 7,000 LTCFs across 38 states. Forward-Looking Statements This press release contains forward-looking statements, including statements regarding anticipated growth, future hiring, and expanded service offerings. These statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, including those described in Guardian's periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission from time to time, and which are publicly available at and via our website, Actual results may differ materially from those expressed or implied in these statements. Guardian Pharmacy Services undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise. View source version on CONTACT: Media Contact: Andrew Agan, Cookerly PR 404-816-2037 [email protected] Relations Contact: Ashley Stockton 470-995-1798 [email protected] KEYWORD: WASHINGTON GEORGIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: MENTAL HEALTH NURSING HOSPITALS OTHER RETAIL OTHER HEALTH MANAGED CARE HEALTH PHARMACEUTICAL RETAIL SOURCE: Guardian Pharmacy Services, Inc. Copyright Business Wire 2025. PUB: 06/02/2025 08:07 AM/DISC: 06/02/2025 08:05 AM
Yahoo
23-05-2025
- Business
- Yahoo
Guardian Pharmacy Services Announces Pricing of Underwritten Public Offering of Class A Common Stock
ATLANTA, May 23, 2025--(BUSINESS WIRE)--Guardian Pharmacy Services, Inc. ("Guardian") (NYSE: GRDN) today announced the pricing of the previously announced underwritten public offering (the "Offering") of 7,500,000 shares of its Class A common stock, at a public offering price of $21.00 per share, of which 6,059,553 shares will be sold by certain selling stockholders and 1,440,447 shares will be issued and sold by Guardian as part of a non-dilutive "synthetic secondary" transaction, as described below. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of Class A common stock at the public offering price, less the underwriting discount. The Offering is expected to close on May 27, 2025, subject to customary closing conditions. The Offering is considered non-dilutive as Guardian intends to use all of the net proceeds it receives in the Offering to repurchase from certain stockholders 1,440,447 shares of Class A common stock, at a purchase price per share equal to the public offering price in the Offering, less the underwriting discount (the "Synthetic Secondary"). Accordingly, Guardian will not retain any proceeds from the Offering and, upon completion of the Offering and the Synthetic Secondary, the total number of outstanding shares of Class A common stock will remain the same. The shares to be repurchased by Guardian consist of shares of Class A common stock that were issued upon conversion of shares of Guardian's Class B common stock that were originally issued in connection with its corporate reorganization in September 2024. The repurchases are expected to be completed not later than May 29, 2025, subject to closing of the Offering. Guardian will not receive any proceeds from the offering of shares by the selling stockholders in the Offering. Raymond James is acting as lead bookrunning manager and as representative of the underwriters for the Offering. Stephens Inc. and Truist Securities are acting as joint bookrunning managers for the Offering. A registration statement on Form S-1 relating to the Offering was declared effective by the U.S. Securities and Exchange Commission ("SEC") today on May 22, 2025. The Offering is being made only by means of a prospectus. Once available, copies of the final prospectus may be obtained from: Raymond James & Associates, Inc., Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, Florida 33716, by telephone at (800) 248-8863, or by email at prospectus@ This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation, or sale in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. About Guardian Pharmacy Services Guardian Pharmacy Services is a leading long-term care pharmacy services company that provides an extensive suite of technology-enabled services designed to help residents of long-term health care facilities ("LTCFs") adhere to their appropriate drug regimen, which in turn helps reduce the cost of care and improve clinical outcomes. As of March 31, 2025, our 51 pharmacies served approximately 189,000 residents in approximately 7,000 LTCFs across 38 states. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are all statements other than those of historical fact. Words such as "aims," "anticipates," "believes," "contemplates," "continues," "estimates," "expects," "intends," "may," "plans," "seeks," "should," "will," "would" and similar expressions are often, but not always, used to identify forward-looking statements. These forward-looking statements include statements regarding the Offering and the Synthetic Secondary, including the expected timing and completion thereof, and Guardian's use of the net proceeds to it from the Offering. These forward-looking statements are based on management's current expectations and beliefs and are inherently subject to risks and uncertainties, including, among others, uncertainties related to market conditions, and those other risks and uncertainties more fully described under "Risk Factors" in Guardian's Annual Report on Form 10-K for the year ended December 31, 2024 and the registration statement on Form S-1 relating to the Offering. Except to the extent required by applicable law, Guardian undertakes no obligation to update or revise any information contained in this press release beyond the published date, whether as a result of new information, future events or otherwise. View source version on Contacts Ashley Ragsdale StocktonSenior Director, Investor RelationsGuardian Pharmacy Services, Inc.470-995-1798IR@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
14-05-2025
- Business
- Associated Press
Guardian Pharmacy Services Expands Midwest Long-Term Care Footprint with Wichita, Kansas Pharmacy Acquisition
ATLANTA--(BUSINESS WIRE)--May 14, 2025-- Guardian Pharmacy Services, Inc. (NYSE: GRDN), one of the nation's largest and most innovative long-term care (LTC) pharmacy services companies, today announced the acquisition of Senior Care Pharmacy in Wichita, Kan. The acquisition expands Guardian's operations into south central and southwest Kansas, strengthening its overall presence across the state and enabling it to bring its high-quality pharmacy services to residents in assisted living, skilled nursing and behavioral health communities, as well as individuals with intellectual and developmental disabilities in these newly served areas. With the addition of the Wichita location, Guardian now operates two pharmacies in Kansas – Kansas City and Wichita – enhancing its ability to support LTC communities across the state. Pharmacist Michael Counts, president of Guardian's Kansas City pharmacy, will also lead the Wichita location. Senior Care Pharmacy will continue operating under its existing name, with its local leadership team and entire staff. 'This acquisition marks another important milestone in our growth strategy and reflects the success Michael Counts and his team have achieved in the Midwest,' said Fred Burke, president and CEO of Guardian Pharmacy Services. 'By combining their expertise and resources with the strength of the local Wichita team, we're ensuring more residents in LTC communities across Kansas receive the high-quality, personalized care that is the Guardian difference.' As a member of the Guardian Pharmacy Services family, Senior Care Pharmacy will benefit from the company's local management business model, which enables the local pharmacy teams to focus on customer service and the specialized needs of the communities and residents they serve, while Guardian's centralized Corporate Support Team assists with the many complex behind-the-scenes business functions, including data analytics, HR, IT, payor relations, national sales and more. Founded in 2004, Guardian Pharmacy Services has expanded from a single location to 52 pharmacies serving 38 states. This growth has been fueled by a balanced strategy of organic expansion, greenfield startups, and acquisitions, supporting the company's success in a rapidly evolving market. For more information, visit About Guardian Pharmacy Services Guardian Pharmacy Services is a leading long-term care pharmacy services company that provides an extensive suite of technology-enabled services designed to help residents of long-term health care facilities ('LTCFs') adhere to their appropriate drug regimen, which in turn helps reduce the cost of care and improve clinical outcomes. As of March 31, 2025, our 51 pharmacies served approximately 189,000 residents in approximately 7,000 LTCFs across 38 states. View source version on PR Contact:Andrew Agan, Cookerly PR, 404-816-2037,[email protected] KEYWORD: UNITED STATES NORTH AMERICA KANSAS GEORGIA INDUSTRY KEYWORD: PHARMACEUTICAL HEALTH SENIORS CONSUMER SOURCE: Guardian Pharmacy Services, Inc. Copyright Business Wire 2025. PUB: 05/14/2025 10:03 AM/DISC: 05/14/2025 10:02 AM
Yahoo
08-04-2025
- Business
- Yahoo
Guardian Pharmacy Services Adds Naples Pharmacy to Further Strengthen Long-Term Care Services in Southwest Florida
ATLANTA, April 08, 2025--(BUSINESS WIRE)--Guardian Pharmacy Services, Inc. (NYSE: GRDN), one of the nation's largest and most innovative long-term care (LTC) pharmacy services companies, and Guardian Pharmacy of Southwest Florida today announced the opening of a new pharmacy in Naples, Fla. This pharmacy, together with the North Port location, will allow Guardian Pharmacy of Southwest Florida to better serve residents in assisted living, skilled nursing and behavioral health communities, as well as individuals with intellectual and developmental disabilities across the region, stretching from Sarasota to Lake Placid to Marco Island. Established in 2014, Guardian Pharmacy of Southwest Florida has expanded at a remarkable pace over the past three years, increasing its customer base by an average of 15% annually. "As one of the only dedicated LTC pharmacies in Naples, this location strengthens our ability to serve more communities and residents with specialized medication management expertise and services," said Jay Mandra, PharmD, president of Guardian Pharmacy of Southwest Florida. "With Naples experiencing rapid growth, particularly in healthcare and senior living, operating a pharmacy in the southernmost portion of Southwest Florida allows us to expand our reach, build new partnerships and strengthen existing relationships with LTC communities and their staff to deliver exceptional resident care." The new pharmacy strategically positions Guardian Pharmacy of Southwest Florida to support the increasing demand for LTC pharmacy services in Naples and surrounding areas. This second location will also enhance Guardian's capabilities and customer support, resulting in faster delivery times and greater access to hands-on medication management for LTC communities and residents. Mandra will oversee direct operations at the Naples location alongside Tiffany Fernandez, pharmacist-in-charge. Guardian Pharmacy of Southwest Florida-Naples is now one of eight Guardian partner pharmacies in Florida, joining locations in Daytona, Jacksonville, Crestview, Orlando, Boca Raton, Tampa and North Port to provide specialized pharmacy services to LTC communities across the state. As part of the Guardian Pharmacy Services family, Guardian Pharmacy of Southwest Florida benefits from the company's local management business model, which enables the local pharmacy team to focus on customer service and the specialized needs of the communities and residents they serve, while Guardian's centralized Corporate Support Team assists with the many complex behind-the-scenes business functions, including data analytics, HR, IT, payor relations, national sales and more. "Establishing a pharmacy in Naples reinforces Guardian's commitment to delivering the superior customer attention, rapid response and 24/7 service that have defined our reputation since we first entered Florida 20 years ago," said Fred Burke, president and CEO of Guardian Pharmacy Services. "Expanding our presence in this growing region is a significant milestone for Jay and his team at Guardian Pharmacy of Southwest Florida, whose expertise and dedication ensure LTC communities and residents are well served." Founded in 2004, Guardian Pharmacy Services has expanded from a single location to 51 pharmacies serving 38 states. This growth has been fueled by a balanced strategy of organic expansion, greenfield startups, and acquisitions, positioning the company for continued success in a rapidly evolving market. For more information, visit About Guardian Pharmacy Services Guardian Pharmacy Services is a leading long-term care pharmacy services company that provides an extensive suite of technology-enabled services designed to ensure residents of long-term health care facilities ("LTCFs") are on the appropriate drug regimen and to promote medication adherence, which in turn helps reduce the cost of care and improve clinical outcomes. As of December 31, 2024, our 51 pharmacies served approximately 186,000 residents in approximately 7,000 LTCFs across 38 states. View source version on Contacts PR Contact: Andrew Agan, Cookerly PR, 404-816-2037, andrew@ Sign in to access your portfolio
