NextPlat Corp (NASDAQ: NXPL, NXPLW) has announced an agreement to acquire an independent pharmacy in a rural community near Pensacola, Florida, for $1.5 million in cash. The transaction, expected to close during the fourth quarter of 2026 subject to customary closing conditions, will expand the company’s PharmcoRx retail footprint into an underserved market. According to the press release, the acquisition supports NextPlat's strategy of expanding healthcare operations through rural pharmacy acquisitions, building on PharmcoRx’s existing network of four specialty pharmacies in Florida.
The acquired 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 plans to introduce same-day delivery, online fulfillment, and higher-margin contracted services at the new location, including support for healthcare providers participating in the federal 340B Drug Pricing Program, long-term care facilities, and government agencies. This move aligns with the company’s broader healthcare segment, which contributed $39.7 million to NextPlat’s $54.3 million in 2025 revenue.
David G. Johnson, Chairman of NextPlat, stated, “This acquisition aligns with our strategy to expand our healthcare operations through rural pharmacy acquisitions, building on PharmcoRx’s existing network. We believe this underserved market presents a significant growth opportunity.” The company expects the acquisition to be accretive to earnings and enhance its ability to serve patients in rural areas.
For more details, the full press release is available at https://nnw.fm/8bVkW. NextPlat Corp is a global consumer products and services company providing healthcare and technology solutions through e-Commerce and retail channels worldwide. Through acquisitions, joint ventures, and collaborations, the company seeks to assist businesses in selling their goods online domestically and internationally, allowing customers and partners to optimize their e-Commerce presence and revenue. NextPlat currently operates an e-Commerce communications division offering voice, data, tracking, and IoT products and services worldwide, as well as pharmacy and healthcare data management services in the United States through its subsidiary, Progressive Care.
The news underscores NextPlat's commitment to expanding its healthcare footprint in rural areas, leveraging the 340B Drug Pricing Program to serve underserved populations. As the company continues to integrate acquisitions, investors can monitor updates via the company’s newsroom at https://nnw.fm/NXPL.
