Buyer: Marble Works Pharmacy
Seller: Wilcox Pharmacy
Paragon Ventures announces the sale of Wilcox Pharmacy to Marble Works Pharmacy, a division of Pharmacy Health Services. An independent operator of pharmacies across the region, Marble Works Pharmacy will continue to deliver the personalized, local service that is the hallmark of Wilcox Pharmacy. Wilcox Pharmacy is strategically located across the street from Rutland Regional Medical Center and has served the local community for over 30 years. Wilcox Pharmacy, a full service retail pharmacy, also operates a long term care and a compounding pharmacy.
The company started in 1986 by Richard Wilcox. In 1993, they then expanded the pharmacy business with a long term care operation. Wilcox’s Long Term Care Pharmacy is a specialty pharmacy, providing medications to assisted living, nursing and long term care facilities. Richard Wilcox, remarked on the sale, “It was important to me to see our pharmacy transition into another independent pharmacy. I know our customers, vendors and employees are in good hands with Marble Works Pharmacy. They will continue to receive the high level of caring, service and clinical expertise that Wilcox is known to deliver.”
Maria Burns, President of Marble Works Pharmacy and Pharmacy Health Services (PHS) comments further, “We are pleased to have the Wilcox team join our family of pharmacies across Vermont. We intend to support and service each of Wilcox’s customers with the same dedication, personal caring and high quality service that made Wilcox the go-to pharmacy for thousands of patients and caregivers.”
Paragon Ventures initiated the transaction and acted at the exclusive advisor to Wilcox Pharmacy. The transaction team was led by April H. Mason, Managing Director of Paragon Ventures.