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Guardian Pharmacy Celebrates 10 Successful Years in Long-Term Care Industry
[June 26, 2014]

Guardian Pharmacy Celebrates 10 Successful Years in Long-Term Care Industry

ATLANTA --(Business Wire)--

Guardian Pharmacy, LLC, the third largest long-term care pharmacy company in the U.S., is marking its 10th anniversary and celebrating its growth. In 10 years, the entrepreneurial company has:

  • Increased prescriptions from 300,000 per year to more than 5 million
  • Grown its employee base from 70 to more than 1,000
  • Experienced a compound annual growth rate of more than 32 percent
  • Expanded from one pharmacy - Saliba's Extended Care Pharmacy - to 22
  • Served as an entrepreneurial incubator fostering the growth of 16 pharmacy presidents and their management teams

"Over the last decade, our industry has faced many challenges including the heightened focus on off-label antipsychotic medication use and changing healthcare regulations," said John Saliba, president of Saliba's Extended Care Pharmacy. "But our partnership with Guardian has helped us address these head-on while continuing to offer customers exceptional service, attention and resources to meet residents' changing needs."

Guardian's Local Autonomy (News - Alert) business model distinguishes it amongst competitors. The industry-unique model affords long-term care pharmacies the opportunity to maintain local ownership and operations while benefiting from the leadership developmen, resources and analytical tools of a larger company. Guardian's approach helps partner pharmacies be nimble, high-service providers to individual communities as well as regional and national assisted living and skilled nursing groups.

"The long-term care industry today requires that pharmacies understand the complex nature of the evolving business but still can provide the high touch customer service that defined pharmacies of the past. We address both sides of the spectrum," said Fred Burke, CEO of Guardian. "Moving forward, we will continue building a world-class long-term care pharmacy company by partnering with like-minded entrepreneurs, supporting our existing partners and continuing to leverage a significant investment in technology and other proprietary tools."

Through 22 pharmacies, Guardian serves 14 states and 50,000 residents. Founded by Fred Burke, Kendall Forbes and David Morris along with investors Bindley Capital Partners and Cardinal Equity Partners, Guardian has been named a Georgia Fast 40 company five times and an Atlanta Business Chronicle Pacesetter and Top 100 private company five times. In 2012, Burke received the Ernst & Young Entrepreneur of the Year® Alabama/Georgia/Tennessee Award in the "Healthcare" category.

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About Guardian

Guardian Pharmacy, LLC, headquartered in Atlanta, Ga., is one of the nation's largest long-term care pharmacy companies and ranks among Georgia's fastest growing companies. Guardian's pharmacies focus on providing outstanding client service to long-term care facilities including assisted living, skilled nursing and others. Founded in 2004, Guardian has experienced a compound annual growth rate of more than 32 percent, which the company attributes to its unique Local-Autonomy business model. Pharmacy operators participate in local ownership and benefit from Guardian's experience in high-growth, specialty pharmacies.

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