NextPlat to Enhance Its Florida Presence with Pharmacy Acquisition in Pensacola Area

NextPlat Expands Its Florida Reach with New Pharmacy Acquisition

On July 15, 2026, NextPlat Corp (NASDAQ: NXPL), a prominent global player in consumer products and services within the healthcare sector, announced a strategic acquisition that is set to broaden its operations in Florida significantly. The company is poised to acquire an independent pharmacy located in a rural community near Pensacola, an area that has, until now, been largely overlooked by larger retail chains. This acquisition is valued at $1.5 million and is anticipated to be finalized in the fourth quarter of 2026, contingent upon the completion of due diligence and other customary conditions.

This newest endeavor not only expands NextPlat's PharmcoRx retail footprint but also opens the door to introduce unique services tailored to both patients and healthcare providers. The Pharmacy has been operational for over 25 years, generating approximately $5.6 million in sales in the last fiscal year, with an impressive retail margin of around 19%. This history of profitable operations positions it as a robust addition to NextPlat's portfolio.

The acquisition signifies a critical move for NextPlat in its mission to address gaps in health services across Florida, especially in underserved rural markets. As part of the integration strategy, NextPlat intends to roll out enhanced service offerings, which will include same-day delivery and comprehensive online fulfillment services designed to meet the specific needs of the local community. Furthermore, the company aims to strengthen its partnerships with healthcare providers participating in government programs like the 340B Drug Pricing Program, along with servicing long-term care facilities and other institutions in the Pensacola area.

“By entering this untapped market, PharmcoRx can immediately leverage its capabilities to implement service enhancements, creating a unique healthcare platform that benefits both patients and providers,” stated David Phipps, CEO of NextPlat. He emphasizes that the expected synergies from this acquisition will pave the way for more innovations and higher-margin contracted services to be deployed in the Northwest Florida region.

NextPlat’s PharmcoRx already operates four other specialty pharmacies across central and southern Florida, focusing on providing holistic healthcare solutions, medication management, and timely prescription fulfillment. This latest acquisition not only augments their existing capabilities but also enables them to integrate their high-margin services more effectively.

The pharmacy has serviced local communities with prescription fulfillment, OTC products, durable medical equipment, and healthcare advisory services, all while maintaining a clean financial slate without debts. This distinguishes it from many retail chains and aligns perfectly with NextPlat’s strategic vision of establishing a community-focused pharmacy model.

Furthermore, NextPlat has projected a robust organic growth of approximately 20% for the year 2026, bolstered by the anticipated increases in higher-margin 340B services and contractual obligations. The company’s overall revenues of $54.3 million in 2025 are substantially linked to its healthcare operations, which alone amounted to $39.7 million, highlighting the vital role that pharmacy acquisitions and operations play in NextPlat’s business model.

Rodney Barreto, Chairman of NextPlat Corp, added, “PharmcoRx has a well-established reputation in South and Central Florida, and our focus on rural acquisitions aligns perfectly with our growth aspirations across the state. We are committed to delivering high-quality healthcare services to communities that previously lacked adequate support from major retail chains.”

For further insights regarding this acquisition, or for more information about NextPlat’s future planning, stakeholders and interested parties can refer to the Current Reports on Form 8-K which will be filed with the U.S. Securities and Exchange Commission.

NextPlat operates not only as a pharmacy but also as a provider of health data management and prescription fulfillment services across the U.S., emphasizing its role in advancing accessible healthcare solutions globally. As it moves forward with this acquisition, NextPlat is poised to redefine community healthcare standards in Florida, ensuring reliable and high-quality services are accessible to all residents.

For more updates, visit NextPlat's official website and connect with them on social media platforms.