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Arete Pharmacy Network Acquires US Business Services Firm RxPride.

M2 EQUITYBITES-December 13, 2016-Arete Pharmacy Network Acquires US Business Services Firm RxPride

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12 December 2016 - US-based Pharmacy Services Administrative Organization Arete Pharmacy Network, LLC has acquired Minnesota-based business solutions provider RxPride, LLC, a PSAO formerly owned by Minnesota-based pharmacy buying group Smart-Fill Management Group, Inc, the company said.

Arete Pharmacy Network was founded in March 2016 as a joint venture between H. D. Smith's Third Party Network and American Associated Pharmacies' United Drugs.

The acquisition of RxPride furthers Arete Pharmacy Network's goal of expanding its geographical footprint as part of a deliberate strategy to extend the benefits of its programs and services to a larger pool of independent and small chain community pharmacies.

Smart-Fill Management Group is a family-owned company that provides a package of business solutions to independent pharmacies across the nation, empowering them to compete with national pharmacy chains and continue providing the highest level of patient care in the industry.

Headquartered in Austin, Minnesota, the company was built to help its members thrive with the buying power of a chain and the back-office technology services that enable pharmacy owners to focus on serving their patients.

Arete Pharmacy Network serves independent community pharmacies through a portfolio of expanded tools and services designed to help pharmacies deliver quality care to their communities.

With a core focus on managed care contracting and service excellence, Arete Pharmacy Network supports the effective management of the financial, quality, and operational aspects of pharmacy business.

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Publication:M2 EquityBites (EQB)
Geographic Code:1U4MN
Date:Dec 13, 2016
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