In August 2014, ALS Pharmacy, Inc. formed a joint venture with Meridian Senior Living, LLC, a Maryland based owner and operator of assisted living facilities. The joint venture formed MedTech Pharmacy, LLC to provide comprehensive pharmacy services to 70 ALF facilities with 4700 licensed beds located in North Carolina
ALS Pharmacy, Inc. once again was responsible for all facets of set-up, operations and financial management. The pharmacy began servicing their first homes in March of 2015 and became profitable after 4 months of operations. Under ALS Pharmacy, Inc.’s leadership, average yearly sales were $30.5 million with net income of 3.1 million.
MedTech Pharmacy, LLC was sold to CVS/Omnicare on December 30, 2016 for an undisclosed amount.