BUYER DISCOVERY
Who buys pharmacies?
104 disclosed pharmacyacquisitions analyzed — the active strategic and private equity buyers, how often each one buys, and their most recent named deals. Sourced from SEC filings and verified M&A press releases.
Quick answers
- How many disclosed transactions?
- 104 disclosed pharmacy acquisitions with a named acquirer.
- Most active buyers
- Diplomat Pharmacy, Inc. (6) · BioScrip, Inc. (5) · Omnicell, Inc. (4) · CVS Health Corporation (4) · UnitedHealth Group Inc. (3) · Catamaran Corp. (3)
- What would these buyers pay for my business?
- Run the ExitValue.ai calculator to price your pharmacy against these 104 disclosed transactions. The engine surfaces what each buyer pool pays for your size, margin, and growth profile.
Top strategic buyers
Operators, larger competitors, and corporate consolidators acquiring pharmacy businesses for synergy and capability fill.
| Acquirer | Deals | Median deal size | Recent targets |
|---|---|---|---|
| Diplomat Pharmacy, Inc. | 6 | $72M | Affinity Biotech, Inc. (2017), Focus Rx Pharmacy Services Inc. (2017), TNH Advanced Specialty Pharmacy (2016), BioRx (2015) |
| BioScrip, Inc. | 5 | $93M | HS Infusion Holdings, Inc. (2016), CarePoint Partners Holdings (2013), HomeChoice Partners (2013), InfuScience, Inc. (2012) |
| Omnicell, Inc. | 4 | $191M | MarkeTouch Media (2022), Pharmaceutical Strategies Group 340B Link (2020), Aesynt Incorporated (2016), MTS Medication Technologies, Inc. (2012) |
| CVS Health Corporation | 4 | $1.1B | Premier's Specialty Pharmacy Business (2019), EntrustRx Specialty Pharmacy (2018), Omnicare, Inc. (2015), Coram (2013) |
| UnitedHealth Group Inc. | 3 | $898M | Diplomat Pharmacy Inc. (2019), Avella Specialty Pharmacy (2018), Genoa Healthcare (2018) |
| Catamaran Corp. | 3 | $385M | Restat / Healthcare Solutions (2015), Salveo Specialty Pharmacy (2014), Restat (2013) |
| Better Choice Company, Inc. | 2 | $77M | Choice Specialty Pharmacy Group (2025), SRx Health (2024) |
| Medicure Inc. | 2 | $4M | West Olympia Pharmacy Inc. (2025), Marley Drug, Inc (2020) |
| McKesson Corp. | 2 | $692M | Rx Savings Solutions (2022), Biologics, Inc. (2016) |
| CareRx Corporation | 2 | $6M | Rexall LTC Pharmacy Business (2021), SmartMeds Pharmacy Inc. (2021) |
| Rite Aid Corp. | 2 | $1.1B | Bartell Drug Company (2020), Envision Rx Holdings (2015) |
| Centric Health Corporation | 2 | $39M | Remedy'sRx Specialty Pharmacy (2020), Pharmacare Fulfillment Center Ltd. (2015) |
Top private equity buyers
Private equity firms and PE-backed platforms rolling up pharmacy businesses. Platform-tier buyers typically pay up for scale, clean financials, and a management layer that survives integration.
| Acquirer | Deals | Median deal size | Recent targets |
|---|---|---|---|
| Frazier Healthcare Partners | 2 | $475M | BioMatrix (2024), Comprehensive Pharmacy Services (2019) |
| Court Square Capital and WindRose Health | 1 | $1.1B | Soleo Health (2025) |
| Vistria Group / General Atlantic / Nautic Partners | 1 | $1.4B | PANTHERx (2022) |
| Ridgemont Equity Partners | 1 | $170M | American Outcomes Management (2021) |
| Waud Capital Partners | 1 | $400M | PromptCare (2021) |
| Silver Lake | 1 | $2.8B | GoodRx (2018) |
| KKR Co., LP | 1 | $1.4B | PharMerica Corp. (2017) |
| Madison Dearborn Partners | 1 | $1.1B | Walgreens Infusion Services (2015) |
| Harvest Partners | 1 | $234M | AxelaCare Health Solutions (2013) |
| TPG Capital | 1 | $885M | Envision Rx Holdings (2013) |
Recent M&A activity
Disclosed pharmacy acquisitions by year.
Methodology note
Acquirer activity reflects disclosed M&A transactions in the ExitValue.ai database, filtered to pharmacy businesses with a named acquirer. Counts include deals with disclosed financials only — total transaction volume in this segment is typically 2–3x larger. The valuation engine reveals what each buyer pool pays for your specific business when you run the calculator. Full methodology
What's your pharmacy worth to these acquirers?
12-input M&A-grade workup with sellability score, named comparable deals, and AI-written commentary. 2 minutes.
- ✓Sellability score with 5-driver breakdown and lift estimates
- ✓Named comparable M&A transactions in your sub-vertical
- ✓AI-written analysis grounded in your specific inputs
Engine-grounded estimate. Comparable named deals on the full results page.
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