Fred's Super Dollar boosts specialty pharmacy presence with closing of EntrustRx deal

MEMPHIS, Tenn.  – Fred's Super Dollar on Monday announced that it has completed the previously reported $66 million acquisition of Reeves-Sain Drug Store, a private specialty and retail pharmacy company, including its EntrustRx specialty pharmacy operation.

 

"We continue to be very excited about the prospects for expansion in specialty pharmacy, the largest growth area of the pharmacy industry," stated Fred's CEO Jerry Shore. "And we expect that EntrustRx will increase the momentum of these efforts. Specifically, this acquisition strengthens our specialty pharmacy operations, and the Reeves-Sain Drug Store is a model for a scalable retail experience providing clinical services, immunizations, compounding, and hospice medications. We welcome the skilled and valued EntrustRx and Reeves-Sain Drug Store employees to the Fred's team and know that they will make great contributions to the future of our pharmacy operations."

 

EntrustRx, which is licensed in all 50 states, has a strong regional presence in the Southeast, serviced from facilities in Spring Hill, Tenn. and Columbus, Miss. The single Reeves-Sain retail pharmacy operates in Murfreesboro, Tenn.