Arete Pharmacy Network Acquires RxPride
American Associated Pharmacies (AAP) is proud to announce that its joint venture entity, Arete Pharmacy Network, has acquired RxPride, LLC, a PSAO formerly owned by Minnesota-based pharmacy buying group – Smart-Fill Management Group, Inc. This acquisition aligns with AAP’s continued effort to further broaden its portfolio of solutions and positions itself to strengthen the independent pharmacy’s influence in the marketplace and capture higher-growth opportunities for years to come.
“AAP went into the joint venture formation of Arete Pharmacy Network with the goal of expanding its PSAO’s geographical footprint and expanding its service offerings to better fit the needs of independent pharmacies,” said Jon Copeland, Chief Executive Officer of AAP. “Arete Pharmacy Network’s acquisition of RxPride is the next step in assuring that high quality independent pharmacies have the tools and resources they need to provide the level of care their patients deserve.”
AAP will continue to fuel innovation and create value that strongly positions the cooperative to capture higher-growth opportunities.