Guardian Pharmacy Services Expands to New Jersey Through Partnership with Freedom Pharmacy
Guardian Pharmacy Services (NYSE: GRDN) announced a strategic partnership with Freedom Pharmacy, an independent long-term care pharmacy in Randolph, New Jersey. This marks Guardian's first venture into New Jersey, expanding its Mid-Atlantic footprint. Freedom Pharmacy, founded in 2022, serves over 1,300 residents across North, Northwest and Central New Jersey.
Linda Witzal will continue as president, and all current staff will remain employed, with plans to hire additional employees as the business grows. The partnership allows Freedom to maintain its local focus while accessing Guardian's national resources, including data analytics, HR, IT, and payor relations support.
Guardian Pharmacy Services, founded in 2004, has expanded to 50 pharmacies across 37 states through organic growth, greenfield startups, and acquisitions.
Guardian Pharmacy Services (NYSE: GRDN) ha annunciato una partnership strategica con Freedom Pharmacy, una farmacia indipendente per la cura a lungo termine a Randolph, New Jersey. Questo segna il primo ingresso di Guardian nel New Jersey, espandendo la sua presenza nel Mid-Atlantic. Freedom Pharmacy, fondata nel 2022, serve oltre 1.300 residenti nel New Jersey settentrionale, nord-occidentale e centrale.
Linda Witzal rimarrà presidente, e tutto lo staff attuale rimarrà impiegato, con piani per assumere ulteriori dipendenti man mano che l'attività cresce. La partnership consente a Freedom di mantenere il proprio focus locale, accedendo alle risorse nazionali di Guardian, inclusi supporto per l'analisi dei dati, risorse umane, IT e relazioni con i pagatori.
Guardian Pharmacy Services, fondata nel 2004, si è espansa a 50 farmacie in 37 stati attraverso crescita organica, startup verdi e acquisizioni.
Guardian Pharmacy Services (NYSE: GRDN) anunció una asociación estratégica con Freedom Pharmacy, una farmacia independiente de cuidados a largo plazo en Randolph, Nueva Jersey. Esta marca la primera incursión de Guardian en Nueva Jersey, ampliando su presencia en la región del Medio Atlántico. Freedom Pharmacy, fundada en 2022, atiende a más de 1.300 residentes en el norte, noroeste y centro de Nueva Jersey.
Linda Witzal continuará como presidenta, y todo el personal actual seguirá empleado, con planes de contratar más empleados a medida que el negocio crezca. La asociación permite a Freedom mantener su enfoque local mientras accede a los recursos nacionales de Guardian, incluidos el análisis de datos, recursos humanos, IT y apoyo en relaciones con pagadores.
Guardian Pharmacy Services, fundada en 2004, se ha expandido a 50 farmacias en 37 estados a través de crecimiento orgánico, nuevas empresas y adquisiciones.
Guardian Pharmacy Services (NYSE: GRDN)는 뉴저지주 랜덤프에서 독립적인 장기 요양 약국인 Freedom Pharmacy와 전략적 파트너십을 발표했습니다. 이는 Guardian이 뉴저지에 처음으로 진출하는 것이며, 중부 대서양 지역에서의 입지를 확장하는 것입니다. Freedom Pharmacy는 2022년에 설립되어 북부, 북서부, 중앙 뉴저지에서 1,300명 이상의 주민들에게 서비스를 제공합니다.
린다 위잘은 계속해서 회장직을 맡으며, 현재 직원들은 모두 고용 유지될 것이며, 사업이 성장함에 따라 추가 직원 채용 계획도 있습니다. 이 파트너십은 Freedom이 지역 중심의 접근 방식을 유지하면서 Guardian의 국가적 자원에 접속할 수 있도록 해줍니다. 여기에는 데이터 분석, 인사, IT 및 지불자 관계 지원이 포함됩니다.
Guardian Pharmacy Services는 2004년에 설립되어 유기적 성장, 신사업 개시 및 인수를 통해 37개 주에 50개의 약국으로 확장했습니다.
Guardian Pharmacy Services (NYSE: GRDN) a annoncé un partenariat stratégique avec Freedom Pharmacy, une pharmacie indépendante de soins de longue durée à Randolph, New Jersey. C'est la première incursion de Guardian dans le New Jersey, élargissant son empreinte dans le Mid-Atlantic. Freedom Pharmacy, fondée en 2022, dessert plus de 1 300 résidents dans le nord, le nord-ouest et le centre du New Jersey.
Linda Witzal continuera d'agir en tant que présidente, et tout le personnel actuel restera employé, avec des projets d'embauche de nouveaux employés à mesure que l'entreprise se développe. Ce partenariat permet à Freedom de conserver son orientation locale tout en accédant aux ressources nationales de Guardian, y compris l'analyse de données, les ressources humaines, l'informatique et le soutien aux relations avec les payeurs.
Guardian Pharmacy Services, fondée en 2004, s'est étendue à 50 pharmacies dans 37 États grâce à une croissance organique, des créations de nouvelles entreprises et des acquisitions.
Guardian Pharmacy Services (NYSE: GRDN) hat eine strategische Partnerschaft mit Freedom Pharmacy, einer unabhängigen Langzeitpflegeapotheke in Randolph, New Jersey, angekündigt. Dies markiert Guardians ersten Schritt nach New Jersey und erweitert seine Präsenz im Mittleren Atlantik. Freedom Pharmacy, gegründet im Jahr 2022, bedient über 1.300 Einwohner im Norden, Nordwesten und Zentrum von New Jersey.
Linda Witzal bleibt Präsidentin, und alle derzeitigen Mitarbeiter werden weiterhin beschäftigt sein, mit dem Plan, weitere Mitarbeiter einzustellen, während das Geschäft wächst. Die Partnerschaft ermöglicht es Freedom, den lokalen Fokus beizubehalten, während es auf die nationalen Ressourcen von Guardian zugreifen kann, einschließlich Datenanalytik, Personalwesen, IT und Unterstützung bei Zahlungsbeziehungen.
Guardian Pharmacy Services, gegründet im Jahr 2004, hat sich auf 50 Apotheken in 37 Bundesstaaten durch organisches Wachstum, Neugründungen und Übernahmen ausgeweitet.
- Expansion into new state market (New Jersey) strengthening Mid-Atlantic presence
- Addition of 1,300+ residents to service base
- Retention of existing operational team ensuring business continuity
- Access to Guardian's national infrastructure and resources
- None.
Insights
This acquisition marks Guardian Pharmacy Services' strategic expansion into New Jersey, adding over 1,300 residents to their customer base through Freedom Pharmacy. The deal strengthens Guardian's Mid-Atlantic presence and brings their total footprint to 50 pharmacies across 37 states. While specific financial terms weren't disclosed, the acquisition aligns with Guardian's three-pronged growth strategy of organic expansion, greenfield startups and strategic acquisitions.
The long-term care pharmacy sector presents significant growth opportunities due to aging demographics and increasing demand for specialized pharmaceutical services. Freedom Pharmacy's established presence in the New Jersey market, combined with Guardian's corporate infrastructure and resources, positions them well for regional market expansion.
Guardian's unique business model, which allows local pharmacy teams to maintain operational autonomy while leveraging corporate support functions, is particularly valuable in the specialized LTC pharmacy sector. Freedom Pharmacy's expertise in serving assisted living, skilled nursing and developmental disability facilities complements Guardian's service portfolio. The retention of experienced leadership and staff, including Linda Witzal as president, ensures continuity of care and relationships with existing healthcare facilities.
The partnership enables Freedom Pharmacy to access Guardian's advanced technology and analytics capabilities, potentially improving operational efficiency and patient care quality. This technology integration could drive competitive advantages in medication management and customer service.
Founded in 2022 by a group of veteran pharmacists, each with over 35 years of industry experience, Freedom Pharmacy serves more than 1,300 residents. Linda Witzal, RPh, will continue leading the pharmacy in her role as president. All current staff members will continue their employment with Freedom Pharmacy, and the company expects to hire additional employees as it grows its business.
“This partnership with Guardian Pharmacy Services is a natural fit, allowing us to retain our local focus while leveraging the technology, expertise and resources a national company like Guardian offers,” said Witzal. “Having followed Guardian’s journey closely, I’ve appreciated their deep understanding of the complexities of LTC and their commitment to the same values we prioritize in
As part of the Guardian Pharmacy Services family, Freedom Pharmacy benefits from the company’s industry-unique business model which ensures the local pharmacy team can focus on customer service to meet the specialized needs of the communities and residents they serve, while Guardian’s Corporate Support Team assists with the many complex behind-the-scenes business functions, including data analytics, HR, IT, payor relations, national sales and more.
“We are proud to partner with Freedom Pharmacy, led by Linda and her team, who have built their reputation and success by always prioritizing the unique needs of the communities and residents they serve,” said Fred Burke, president and CEO of Guardian Pharmacy Services. “We are excited to join forces with a trusted local pharmacy that shares our values, enhancing our ability to serve
Founded in 2004, Guardian Pharmacy Services has grown from a single location to 50 pharmacies serving 37 states. This growth has been fueled by a balanced strategy of organic expansion, greenfield startups, and acquisitions, positioning the company for continued success in a rapidly evolving market. For more information, visit www.guardianpharmacy.com.
About Guardian Pharmacy Services
Guardian Pharmacy Services is a leading long-term care pharmacy services company that provides an extensive suite of technology-enabled services designed to ensure residents of long-term health care facilities ("LTCFs") are on the appropriate drug regimen and to promote medication adherence, which in turn helps reduce the cost of care and improve clinical outcomes. As of September 30, 2024, our 50 pharmacies served approximately 180,000 residents in approximately 6,800 LTCFs across 37 states.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241218704515/en/
Andrew Agan, Cookerly PR, 404-816-2037, andrew@cookerly.com
Source: Guardian Pharmacy Services, Inc.
FAQ
What is the strategic significance of GRDN's expansion into New Jersey through Freedom Pharmacy?
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What operational changes will occur at Freedom Pharmacy following GRDN's partnership?
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