NextPlat to Acquire Rural Florida Pharmacy for $1.5 Million

The acquisition, slated to close in the fourth quarter of 2026, secures a facility that has operated in the region for over 25 years. During the fiscal year ending December 31, 2025, the pharmacy reported $5.6 million in sales with 19% retail margins, operating with a debt-free balance sheet. NextPlat intends to modernize the location by introducing same-day delivery and online fulfillment services.

Beyond retail, the company plans to leverage this new location to market contracted services to institutional providers, including those participating in the federal 340B Drug Pricing Program and local long-term care facilities. This move aligns with NextPlat’s broader strategy to scale its healthcare division, which accounted for $39.7 million of its $54.3 million in total revenue last year. CEO David Phipps noted that the company views these rural acquisitions as a platform to differentiate the pharmacy experience while deploying higher-margin clinical services across the Florida panhandle.