Latest / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Independent Pharmacies
In this episode of The Buyout Show, Lucas and Luna examine a quiet roll-up wave sweeping America: private equity's acquisition of independent retail pharmacies. They focus on the specific case of CAP Rx, a portfolio company formed by private equity firm Alpine Investors that has acquired over 40 independent pharmacies since 2021. Lucas breaks down the deal mechanics — how consolidators use a 'central fill' model to cut costs, how they negotiate with pharmacy benefit managers for better reimbursement rates, and why the average independent pharmacy sells for 4 to 6 times EBITDA…
The skinny
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