HealthDirect Pharmacy Services Acquisition Strategy Continues

For more than five decades, HealthDirect Pharmacy Services (HealthDirect) has been providing skilled nursing and assisted living facilities, group homes, hospice organizations and correctional facilities with integrated LTC pharmacy services.

HealthDirect is a 100% employee-owned LTC pharmacy provider that serves approximately 50,000 residents through 25 pharmacies in eight states. HealthDirect is a subsidiary of KPH Healthcare Services, Inc., a national provider of pharmaceutical and health care services with complementary businesses in both the retail and commercial segments of the industry.

KPH Healthcare Services is comprised of four divisions: Kinney Drugs, a chain of 100 full-service drug stores located throughout New York and Vermont; HealthDirect; ProAct, Inc., a pharmacy benefit management company with sales offices throughout the country and a mail order pharmacy; and Noble Health Services, a specialty pharmacy that dispenses medications used to treat complex and chronic diseases.

HealthDirect recently acquired the long-term care pharmacy operations of Northeast Pharmacy Services, its sixth pharmacy in the state of Pennsylvania. Previously the company announced its acquisition of King of Prussia Pharmacy Services, or KOPPS. KOPPS has provided long-term care pharmacy services to the northern Philadelphia area since 2001.

Northeast Pharmacy Services specializes in serving assisted living communities in the area of the state around Allentown. The Lehighton pharmacy location is the easternmost HealthDirect pharmacy in Pennsylvania, which will allow it to support the densely populated central region and make way for expansion into new markets.

 

Takeaway: HealthDirect has recently focused its growth in Pennsylvania, which is home to 29 of the nation’s largest nonprofit senior living providers