The seller is Integrated Pharmacy Solutions, a wholly owned subsidiary of Aetna US Healthcare. The pharmacies are located in or near physicians' offices, and hence are compact, often around 1,000 sf apiece.
The Houston pharmacies are located at 8100 Greenbriar, 11300 Harwin, 15700 Vickery Dr. and 1919 N. Loop West, Suite 2000. The Pasadena pharmacy at 4002 Burke Rd. is among those sold, as is Webster's drug store at 17448 Highway 3, Suite 245. Also on the list is a Kingwood store at 1210 Kingwood Dr.
The buy-out includes stores in the new markets of Atlanta, Jacksonville and Orlando, FL, Tulsa and Oklahoma City, OK. The Houston purchase plus 31 other IPS pharmacies across the country boost Familymeds' number of pharmacies to 156, more than double the number it operated one year ago, according to Ed Mercadante, R.Ph., founder and CEO of Familymeds.
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