Corporate Partner Francesca M. Schiavone has developed a long-lasting client relationship in which she has represented a private equity-backed pharmacy platform in 20 add-on acquisitions in multiple markets across the U.S. The client, a chain of specialty dermatology-focused pharmacies (mostly retail), was acquired by private equity in 2019, initiating a significant period of growth for the company over the next six years. Schiavone has assisted the client with entering new markets via acquisition of assets from generally distressed family or closely-held pharmacies. Each deal contains corporate and real estate components, and often contains employment issues. Each acquisition adds to the overall value of the enterprise, furthering the goal of the financial sponsor to exit for profit in the coming future.
Markets have included: California, Florida, Georgia, Illinois, Kansas, Kentucky, Maryland, Michigan, New York, North Carolina, Pennsylvania, Tennessee, Virginia, and Washington.