NextPlat Corp (NASDAQ: NXPL, NXPLW) announced an agreement to acquire an independent pharmacy in a rural community near Pensacola, Florida, for $1.5 million in cash, with the transaction expected to close during the fourth quarter of 2026, subject to customary closing conditions. The acquisition will expand the company’s PharmcoRx retail footprint into an underserved market, where it plans to introduce same-day delivery, online fulfillment and higher-margin contracted services, including support for healthcare providers participating in the federal 340B Drug Pricing Program, long-term care facilities and government agencies.
The pharmacy generated approximately $5.6 million in sales during 2025 with retail margins of about 19% and operated profitably with positive working capital and no debt. NextPlat said the acquisition supports its strategy of expanding healthcare operations through rural pharmacy acquisitions, building on PharmcoRx’s existing network of four specialty pharmacies in Florida and the healthcare segment’s $39.7 million contribution to the company’s $54.3 million in 2025 revenue.
This move underscores NextPlat’s commitment to growth in the healthcare sector, leveraging its existing infrastructure to enhance service offerings in areas with limited access. By integrating higher-margin contracted services and leveraging the 340B program, the company aims to improve profitability while serving vulnerable populations. The acquisition also aligns with broader industry trends of consolidation in the pharmacy space, particularly in rural areas where independent pharmacies face increasing pressure from large chains and mail-order competitors.
For more details, view the full press release at https://nnw.fm/8bVkW. The latest news and updates relating to NXPL are available in the company’s newsroom at https://nnw.fm/NXPL.
