“Working with the Greater Boston Long Term Care Pharmacy team was a privilege. It was also a nice milestone for MAHA as this transaction is our first under the purview of FINRA and as registered agents of a broker dealer, a milestone we achieved in July of 2024” said Mike Moran.
M&A Healthcare Advisors (MAHA) is pleased to announce the successful pharmacy sale of Greater Boston Long Term Care Pharmacy, a premier provider of pharmacy services for community-based group homes and assisted living facilities across Massachusetts, to Tarrytown Expocare Pharmacy. Tarrytown Expocare, an Intellectual and Developmental Disabilities (IDD) and Behavioral Health pharmacy provider with operations in 31 states, is supported by Sheridan Capital Partners. This successful pharmacy sale is a strategic acquisition and underscores the value of specialized healthcare services in meeting the evolving needs of underserved populations.
MAHA’s Role in the Transaction
Serving as the exclusive financial and strategic advisor to Greater Boston Long Term Care Pharmacy, MAHA guided the transaction from start to successful pharmacy sale. The deal was led by Mike Moran, Managing Director, and Mike Abud, Senior Associate.
“Working with the Greater Boston Long Term Care Pharmacy team was a privilege. This transaction also marked a significant milestone for MAHA as our first under FINRA registration as broker-dealer agents, a designation we achieved in July of 2024,” said Mike Moran.
Client Testimonial: Trusted Support Through Every Step
“Mike and his team were incredibly supportive throughout the process and worked diligently to bring us together with a buyer who shares our values. I highly recommend Mike and his team if you are considering the sale of your company," said Mike Wessenberg, former CEO of Greater Boston Long Term Care Pharmacy
Overcoming Challenges in Healthcare M&A
Healthcare transactions and successful pharmacy sales often come with unique complexities; this acquisition was no exception. Regulatory approvals, coordination with clinical teams, and ensuring a seamless transition required expert oversight and communication. MAHA played a pivotal role in navigating these challenges, working closely with both parties to facilitate clear communication between leadership and staff, address regulatory requirements efficiently, and build a foundation of trust for long-term collaboration.
With MAHA's guidance, both parties were able to complete a successful transaction that ensures continuity of care for the communities served by Greater Boston Long Term Care Pharmacy while aligning with Tarrytown Expocare Pharmacy’s mission.
About M&A Healthcare Advisors
MAHA is a boutique M&A advisory firm specializing in the lower-middle market healthcare industry. Our mission is to deliver comprehensive, committed support for healthcare businesses navigating the complexities of mergers and acquisitions. Our expertise spans a wide range of healthcare segments, including Behavioral Health, Autism Services, I/DD, Hospice, Home Health, Home Care, Private Duty, Physician Practices, Physical Therapy, Staffing/Medical Recruiting, Facility-Based Care, Labs, Not-for-Profits, and all types of Pharmacy. With a full suite of services—Sell-Side Representation, Expert Valuations, Hourly M&A Consulting, and more—we are proud to empower business owners to achieve their financial and strategic M&A goals.
Partner with MAHA for Your Healthcare M&A Needs
Are you considering selling your healthcare business? MAHA combines industry expertise with personalized support to help you achieve a successful transaction. Contact our team of experts at M&A Healthcare Advisors to learn how we can guide you through every step of the process.
