Episode

Why Private Equity Is Buying Up Independent Pharmacies

Podcast
The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Published
Jun 23, 2026
Duration seconds
520
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not_requested
Canonical source
https://audio.fexingo.com/business/the-buyout-show/episode-0069.mp3
Audio
https://audio.fexingo.com/business/the-buyout-show/episode-0069.mp3
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Markdown
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Summary

Episode 69 of The Buyout Show with Fexingo. Lucas and Luna examine the wave of private equity acquisitions of independent pharmacies, focusing on the specific strategy of roll-ups like the one led by Oak Street Health's former executives. They discuss the economics: how a single independent pharmacy generates roughly $3-5 million in revenue but only 8-12% EBITDA margins, and how consolidation into a 50-plus location entity can boost margins to 20% through centralized purchasing and back-office efficiencies. They also touch on the regulatory risks, including the FTC's recent scrutiny of pharmacy benefit manager practices. Hosts: Lucas and Luna. #PrivateEquity #Pharmacies #RollUps #IndependentPharmacy #OakStreetHealth #EBITDA #FTC #PBMs #PharmacyBenefitManagers #Consolidation #Healthcare #MergersAndAcquisitions #LBO #BusinessStrategy #FexingoBusiness #BusinessPodcast #TheBuyoutShow #RetailPharmacy Keep every episode free: buymeacoffee.com/fexingo