The Drug Store and Hazeldean Drug Mart

A Private Purchaser has acquired The Drug Store and Hazeldean Drug Mart

Industry:

Health Care

A Private Purchaser has acquired The Drug Store and Hazeldean Drug Mart. MNP Corporate Finance Inc. acted as exclusive financial advisor to The Drug Store and Hazeldean Drug Mart in structuring and negotiating this transaction.

Transaction Brief

This transaction has allowed the shareholder of The Drug Store and Hazeldean Drug Mart to implement a succession strategy while ensuring the continued growth and success of the business.

The Drug Store and Hazeldean Drug Mart are two independent pharmacies located in Edmonton, Alberta. The pharmacies are well established neighbourhood clinics which have served the local community for more than 30 years. The pharmacies provide a full-service offering, inclusive of prescription sales, specialty clinical services and an extensive selection of retail items offered through the front stores.

The purchasers of the pharmacies have local roots and are experienced in both pharmacy management and customer service. The purchasers look to further optimize the existing business platform and implement additional strategies for further growth.