NextPlat Acquires Florida Pharmacy for $1.5M to Expand Rural Healthcare

NextPlat (NASDAQ: NXPL, NXPLW) has announced a strategic agreement to acquire an independent pharmacy located in a rural community near Pensacola, Florida, for $1.5 million in cash. The transaction is expected to close during the fourth quarter of 2026, subject to customary closing conditions. This acquisition will expand the company’s PharmcoRx retail footprint into an underserved market, where it plans to introduce same-day delivery, online fulfillment, and higher-margin contracted services. These services include 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 it operated profitably with positive working capital and no debt. NextPlat stated that the acquisition aligns with its strategy of expanding healthcare operations through rural pharmacy acquisitions. This move builds on PharmcoRx’s existing network of four specialty pharmacies in Florida and the healthcare segment’s contribution of $39.7 million to the company’s $54.3 million in 2025 revenue. NextPlat is a global consumer products and services company that provides healthcare and technology solutions through e-Commerce and retail channels worldwide. Through acquisitions, joint ventures, and collaborations, the company assists businesses in selling their goods online, domestically and internationally, allowing customers and partners to optimize their e-Commerce presence and revenue. NextPlat 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. The full press release is available at https://nnw.fm/8bVkW.

This acquisition underscores NextPlat’s commitment to expanding its healthcare services in rural areas, addressing the critical need for accessible pharmacy services in underserved communities. By integrating same-day delivery and online fulfillment, the company aims to enhance patient convenience and improve health outcomes. Additionally, the focus on the 340B Drug Pricing Program and long-term care facilities positions NextPlat to support vulnerable populations and healthcare providers in managing costs. The deal also reflects the company’s disciplined approach to growth, targeting profitable, debt-free operations that can immediately contribute to its bottom line. Investors can find the latest news and updates relating to NXPL in the company’s newsroom at https://nnw.fm/NXPL.