Regional Rx Report

MIAMI Navarro Discount Pharmacy is opening, in partnership with Continucare Corp., the first ValuClinic in-store health clinic in Hollywood, Fla.—Fresh from its acquisition of Sedano’s, a Hispanic drug retail company,

In other company news, the Miami-based regional chain has named MBF Healthcare Partners executive Marcio Cabrera as chief executive officer. Cabrera succeeds Gabe Navarro, who will continue to serve on the company’s board and will assist with expansion plans.

A year ago, private equity fund MBF Healthcare Partners invested in Navarro.

At that time, the pharmacy retailer cited that future growth may include acquisitions. In October, Navarro Discount Pharmacy merged its operations with Sedano’s Pharmacy & Discount Store. Sedano’s operated 11 pharmacies in southern Florida. Combined, the entity has more than 30 stores with annual revenues of more than $350 million. All of the stores are operating under the Navarro banner in the southern Florida market.

There will be 15 ValuClinics operating in 2008.