Neighbourly Pharmacy Accelerates Strong Growth with the Acquisition of 35 Pharmacies in Western Canada
Chris Gardner, CEO of Neighbourly Pharmacy, said, “Since Neighbourly’s inception, our focus has been on delivering quality healthcare to Canadians all over the country, no matter where they live, so they can live well. This acquisition continues our strong growth over the past 12 months, increasing our pharmacy total by 37%, and it is highly complementary to our existing portfolio in one of our core markets, Western Canada.”
“We look forward to working with Forewest’s existing pharmacy partners and building on the great patient care they have been delivering for decades. Rx Drug Mart is uniquely positioned to fully integrate and support pharmacies across various pharmacy programs and systems across Canada. We are committed to providing a seamless experience for our customers and patients as we continue to grow over the coming years,” added Gardner.
With this transaction, Neighbourly Pharmacy has increased its presence in British Columbia and Alberta by almost 80% and has welcomed a highly experienced operating team, including 600 pharmacy professionals, a proven successful partner model, and extensive opportunity for further operating synergies. Of the 35 pharmacies acquired, Neighbourly fully owns 14 and holds equal or majority interests in the remaining 21.