Brown Gibbons Lang & Company (BGL) today announced the sale of the institutional pharmacy business of PharMed Corporation (PharMed) to an affiliate of Toledo, Ohio-based Principled Dynamics. Principled Dynamics affiliated companies provide a broad range of drug distribution and pharmacy services, including pharmaceutical repackaging, mail-order pharmacy, and drug wholesaling.
PharMed is a closed-door pharmacy that services skilled nursing facilities, group homes, assisted living facilities, correctional institutions, and home healthcare patients. PharMed is based in Westlake, Ohio.
BGL’s healthcare and life sciences team advised PharMed in the transaction.
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in merger and acquisition advisory services, debt and equity placements, financial restructurings, and valuations and fairness opinions, with global industry teams in business services, consumer and retail services, energy and environmental services, healthcare and life sciences, industrials, metals and metals processing, plastics and packaging, and real estate. BGL has offices in Chicago, Cleveland, and Salt Lake City, and 38 international offices through Global M&A Partners Ltd. covering 50 countries across five continents, which allows us to deliver to our clients unparalleled access to corporations, investors, and opportunities globally. For more information, please visit www.bglco.com.