Sale to Guardian Pharmacy

Sale to Guardian Pharmacy


Baird served as the exclusive financial advisor to Southern Pharmacy Services


Southern Pharmacy Services (“Southern”), a portfolio company of Lake Capital, has been acquired by Guardian Pharmacy, LLC (“Guardian”). Financial terms of the transaction were not disclosed.

Southern is a leading provider of pharmacy services to institutions across North Carolina and Virginia. Through its two pharmacy locations, Southern services nearly 300 facilities, including skilled nursing facilities, assisted living facilities, family care homes and group homes. As one of the largest institutional pharmacies in its core market, Southern has established itself as a leading platform with a reputation for superior customer service.

Guardian is an Atlanta-based institutional and specialty pharmacy company with a focus on service and patient care. Guardian serves long-term care patients in assisted living and skilled nursing facilities, offering specialty packaging solutions, delivery and consulting / formulary management to its clients. Additionally, it serves other specialty patients with specialized pharmacy services, such as behavioral-health medications. With the acquisition of Southern, Guardian delivers these services through a total of 13 pharmacy locations.

Lake Capital is a private equity firm that selectively invests in middle-market, serviced-based companies with the potential for growth. With more than $1.3 billion in equity commitments under management, Lake Capital typically commits $50-75 million to each of its initiatives. Its focus is on building leading business services enterprises through organic and acquisition-enhanced growth.

For additional information about this transaction, please contact:

Bill Suddath 404.264.2222
Ben Brown 414.298.7013
Sale to Guardian Pharmacy
February 2011
Southern Pharmacy Services
Target Location
North America
Acquiror Location
North America