NextPlat Corp (NASDAQ: NXPL, NXPLW) announced an agreement to acquire an independent pharmacy 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 operated profitably with positive working capital and no debt. NextPlat said the acquisition supports its strategy of expanding healthcare operations through rural pharmacy acquisitions, building on PharmcoRx’s existing network of four specialty pharmacies in Florida and the healthcare segment’s $39.7 million contribution to the company’s $54.3 million in 2025 revenue. The move underscores NextPlat’s focus on leveraging its healthcare segment to drive growth and profitability.
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, 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 acquisition is part of NextPlat’s broader strategy to expand its healthcare footprint and capitalize on the growing demand for pharmacy services in rural areas. By targeting an underserved market, the company aims to increase its market share and enhance its service offerings. The addition of same-day delivery and online fulfillment is expected to improve customer convenience and drive patient loyalty. Furthermore, the higher-margin contracted services, such as support for the 340B Drug Pricing Program, are anticipated to boost profitability and create recurring revenue streams.
The transaction is subject to regulatory approvals and other customary closing conditions. NextPlat expects to fund the acquisition through existing cash reserves. The company’s management expressed confidence that the acquisition will create value for shareholders and contribute to the company’s long-term growth objectives. View the full press release here.
