South Miami Pharmacy
SMP Pharmacy Solutions | Home.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Acquisition | ||
| Total Funding | 000k | ||
| USD | 2017 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Company filings or news article
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Established in 2003 by Dr. Armando Bardisa, Pharm. D., South Miami Pharmacy, now operating as SMP Pharmacy Solutions, functions as a specialized national pharmacy. Dr. Bardisa, a pharmacist by trade and entrepreneur, founded the company to enhance patient quality of life through personalized service. He served as CEO until 2021, when he transitioned to a board member role to lead his family office, Bardisa Family Holdings.
The company's business model centers on providing specialty pharmacy services with a high-touch, service-oriented approach. It operates as a liaison between patients, physicians, drug manufacturers, and insurance providers. Revenue is generated through the provision of prescription medications, including retail, compounding, fertility, and specialty drugs. A significant portion of its business, approximately 85%, is derived from fertility treatments. The pharmacy serves patients across the United States and internationally, shipping thousands of prescriptions monthly from its facilities. In 2018, the healthcare-focused private equity firm Galen Partners acquired a majority stake in SMP Pharmacy Solutions to support its growth.
SMP Pharmacy Solutions offers a range of services for complex and niche health conditions such as infertility, rheumatoid arthritis, dermatology, and oncology. A core offering is its compounding service, which customizes medications to fit the specific needs of patients, such as creating allergen-free formulations or alternative delivery methods. The pharmacy also provides extensive support services, including assistance with prior authorizations, co-pay programs, 24/7 pharmacist availability, and a patient-focused mobile app for managing prescriptions. The company is licensed in all 50 states and has achieved PCAB accreditation for its compounding services, a standard from the Accreditation Commission for Health Care (ACHC).
Keywords: specialty pharmacy, fertility treatments, compounding pharmacy, mail-order pharmacy, medication adherence, complex health conditions, patient support services, prescription delivery, pharmaceutical services, dermatology pharmacy, oncology pharmacy, rheumatoid arthritis treatment, women's health, pain management medication, Dr. Armando Bardisa, Galen Partners, PCAB accreditation, healthcare services, medication therapy management, chronic disease management