Guardian Pharmacy Services’ (Guardian) expansion strategy is finding success by leveraging the company’s local-autonomy business model. This industry-unique model ensures that the local team can focus on customer service to meet the specialized needs of its communities and residents, while Guardian’s Corporate Support Team assists with the day-to-day business operations, including data analytics, payroll, HR, IT and more.
Guardian’s latest expansion is into the state of Michigan with the recent announcement that TruCare LTC Pharmacy, an independent long-term care pharmacy based in Grand Rapids is joining the Guardian family.
The pharmacy will operate under the new name Guardian Pharmacy of Michigan and will serve assisted living communities across Michigan’s Lower and Upper Peninsulas. This strategic partnership expands Guardian’s Midwest footprint and marks its first venture into Michigan.
Guardian is implementing the strategy it developed last year to expand into new markets, procure state-of-the-art automated technology and invest in the company’s corporate support team in Atlanta to benefit their local pharmacy partners across the country.
The expansion efforts have been made possible through a $60 million syndicated financing arrangement led by Regions Bank that also includes Bank of America and Cadence Bank.
Next month, Guardian Pharmacy of Michigan will open its new 17,000-square-foot state-of-the-art facility nearly four times the size of the existing building, which will allow it to increase operations to support a rapidly growing customer base.
Founded in 2004, Guardian Pharmacy Services’ 37 locations now serve more than 125,000 residents throughout 26 states.