Guardian Pharmacy Services, which provides pharmacy services for long-term healthcare facilities, filed on Tuesday with the SEC to raise up to $115 million in an initial public offering.
Guardian Pharmacy Services provides a suite of technology-enabled services tailored to serve the needs of residents of long-term health care facilities (LTCFs), primarily in its target markets of assisted living facilities, and behavioral health facilities and group homes. As of June 30, 2023, Guardian's 43 pharmacies served approximately 156,000 residents in approximately 5,800 LTCFs across 28 states.
The Atlanta, GA-based company was founded in 2003 and booked $976 million in revenue for the 12 months ended June 30, 2023. It plans to list on the NYSE under the symbol GRDN. Raymond James, Stifel, and Truist Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
