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.