Procare LTC Continues Rapid Expansion With Acquisition of Allen’s PharmaServ, Inc.

Procare LTC Continues Rapid Expansion With Acquisition of Allen’s PharmaServ, Inc.




Procare LTC Continues Rapid Expansion With Acquisition of Allen’s PharmaServ, Inc.

Together, pharmacies strengthen and elevate service for Ohio communities

FARMINGDALE, N.Y.–(BUSINESS WIRE)–Procare LTC, a leading pharmacy provider serving the long-term care and post-acute sector, today announced the acquisition of Allen’s PharmaServ, Inc., a long-term care pharmacy based in Youngstown, Ohio, serving group homes, residential treatment facilities, and residents of other post-acute facilities since 1956. The acquisition expands Procare LTC’s footprint in the strategic market of Ohio, further enhancing the company’s ability to serve clients in Northeast Ohio and Western Pennsylvania.

“We are excited to welcome the experienced and highly-regarded team of Allen’s PharmaServ,” said Hammad Shah, RPh, CEO of Procare LTC. “This alliance builds on our success in the Ohio market and enhances our ability to fulfill our mission of ensuring appropriate care and better outcomes for the patient populations we serve, through aggregated data, decreased cost and increased access.”

Through the acquisition, Allen’s PharmaServ president, Alan Mirkin, and Rick Marlin, director of pharmacy, will continue to lead the business. All employees currently with Allen’s PharmaServ will join the Procare LTC team, ensuring a smooth transition with uninterrupted service.

“I am thrilled to join with the Procare LTC family of pharmacies, and I know that our shared values of customer service and respect for our employees will lead to our continued success. Allen’s PharmaServ has been an important part of our community for over sixty years and Procare LTC will bring new technologies and capabilities to make us an even stronger pharmacy provider in the future.”

Procare LTC is poised for continued strategic growth within the long-term pharmacy sector over the coming years, and looks to align with like-minded pharmacies that share a passion for senior care.

Harbor Healthcare Consultants acted as the exclusive financial advisor to Allen’s PharmaServ.

Procare LTC

Procare LTC, established in 2007, services skilled, nursing, assisted living, and other post-acute facilities in New York, Connecticut, Massachusetts, and Ohio. Founded by pharmacists and long-term care pharmacy veterans, Procare was built from the ground up with the mission of providing the highest level of service and best economic value to its partner facilities and patients. Learn more at procareltc.com.

Contacts

Sheila Biggs

Telephone: 615.254.0575

Email: sbiggs@jarrardinc.com