NextPlat, a healthcare and technology company operating specialty pharmacies through its PharmcoRx subsidiary, has agreed to acquire an independent pharmacy in a rural community near Pensacola, Florida, for $1.5 million in cash, including inventory. The transaction is expected to close in the fourth quarter of 2026, subject to due diligence and customary closing conditions.
The unnamed pharmacy has served its local community for more than 25 years, offering prescription fulfillment, over-the-counter products, durable medical equipment, and healthcare advisory services in a market largely overlooked by national retail chains. For the year ended December 31, 2025, the pharmacy generated approximately $5.6 million in sales with retail margins of approximately 19%, operated profitably, maintained positive working capital, and carried no debt.
The acquisition expands PharmcoRx’s existing Florida footprint into northwest Florida for the first time. PharmcoRx currently operates four specialty pharmacies in central and southern Florida, offering prescription fulfillment, medication management, same-day delivery, and integrated patient support. Beyond retail pharmacy, PharmcoRx also generates higher-margin contracted services revenue through medication fulfillment, claims management, and compliance reporting for providers participating in the federal government’s 340B Drug Pricing Program, as well as long-term care facilities, senior living communities, and government agencies.
NextPlat’s immediate plan for the Pensacola location is to introduce same-day delivery and online fulfillment services for local patients, then use the physical presence as a platform to market its 340B and contracted services to healthcare providers throughout the greater Pensacola area — replicating the model that has driven margin expansion elsewhere in its portfolio. NextPlat’s healthcare operations generated approximately $39.7 million of the company’s $54.3 million in 2025 revenues, and the company expects approximately 20% organic growth in 2026, driven by expansion of its higher-margin contracted services.
KEY QUOTES:
“This transaction expands PharmcoRx’s business into a large, untapped market, creating immediate synergies including the roll-out of service enhancements for patients and serving as a growth platform for the introduction of our higher-margin contracted offerings for healthcare providers throughout the panhandle. Through additional acquisitions we are exploring, we believe we have a unique opportunity to not only differentiate the retail pharmacy experience in new markets but leverage these locations to support local engagement with additional healthcare providers and institutions that can benefit from our array of integrated services.”
David Phipps, Chief Executive Officer, NextPlat
“PharmcoRx has established itself as a premier community pharmacy, serving customers in South and Central Florida for over 20 years. Through acquisitions of rural operators, PharmcoRx is well positioned to pursue the many growth opportunities we see across Florida to deliver reliable, high-quality healthcare services in communities not adequately served by the large retail chains.”
Rodney Barreto, Chairman, NextPlat Corp
