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 conditions, will expand the company's PharmcoRx retail footprint into an underserved market. NextPlat plans to introduce same-day delivery, online fulfillment, and higher-margin contracted services at the acquired location, 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. This 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 healthcare segment contributed $39.7 million to the company's $54.3 million in 2025 revenue, highlighting the importance of this vertical.
NextPlat 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. NextPlat currently operates an e-commerce communications division offering voice, data, tracking, and IoT products and services globally, as well as pharmacy and healthcare data management services in the United States through its subsidiary, Progressive Care.
For more details on the acquisition, view the full press release at https://nnw.fm/8bVkW. To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only). For more information about NetworkNewsWire, visit https://www.NetworkNewsWire.com.
