Navigation Links
Ascendant Solutions, Inc. Announces Completion of Second Pharmacy Acquisition by Its Dougherty's Holdings Subsidiary
Date:9/3/2014

DALLAS, Sept. 3, 2014 /PRNewswire/ -- Ascendant Solutions, Inc. (Pink Sheets: ASDS) ("Ascendant" or the "Company") today announced that its Healthcare subsidiary, Dougherty's Holdings, has acquired Thrifty Health and Compounding Pharmacy ("Thrifty"), located in Humble, Texas.  Since 1978, Thrifty has provided specialized compounded prescriptions to its Houston-area customers, along with a selection of over-the-counter supplements, health consultations and hormone and cholesterol testing.

The Thrifty acquisition represents the next step in Ascendant's previously announced growth strategy to acquire well-run independent pharmacies, primarily in Texas and the southwestern U.S.  The Thrifty acquisition is expected to add approximately $2 million in revenues to Ascendant's results on an annual basis.

Mark Heil, President and CFO of Ascendant, stated, "We are very excited to add Thrifty to our family of Dougherty's Pharmacy locations.  We look forward to expanding Thrifty's robust compounding business by adding more traditional pharmacy services, including retail prescriptions, durable medical equipment and other health and wellness products. Acquiring this pharmacy located in Humble, Texas fits nicely into our strategy of expanding our retail pharmacy business regionally." 

"We are confident that Thrifty Pharmacy's customers will be pleased with the additional products and services that Dougherty's will be able to offer them while continuing to provide the personalized customer service they have been receiving."

About Dougherty's Pharmacy

Dougherty's Pharmacy has been the premier pharmacy in Dallas since 1929, offering a wide variety of products and services to customers, including prescriptions, compounds, durable medical equipment, nutritional products, diabetic supplies and a host of other health and wellness products and services.

About Ascendant Solutions, Inc.

Ascendant Solutions, Inc. is a value-oriented investment firm focused on successfully acquiring, managing and growing community-based pharmacies in the Southwest Region. Ascendant currently has approximately $43 million in net operating loss carryforwards which can be used to shelter future income, thus enhancing free cash flow or debt service capabilities. Interested investors can access financials and stock trading information for Ascendant at OTCMarkets.com or at www.ascendantsolutions.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such statements are based upon management's current expectations, projections, estimates and assumptions. These forward-looking statements may be identified by words such as "expects," "believes," "anticipates" and similar expressions.  Forward-looking statements involve risks and uncertainties that may cause future results to differ materially from those suggested by the forward-looking statements.  The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.


'/>"/>
SOURCE Ascendant Solutions, Inc.
Copyright©2014 PR Newswire.
All rights reserved

Related medicine technology :

1. Ascendant Solutions, Inc. Announces Completion of First Pharmacy Acquisition by Its Doughertys Holdings Subsidiary
2. Stone & Magnanini LLP Announces $520,000 Department of Justice False Claims Act Settlement With Vascular Solutions, Inc.
3. Medical Tracking Solutions, Inc. announces new client NovaBone Products, LLC
4. Medical Tracking Solutions, Inc. announces new client Custom Spine, Inc.
5. WIKA Process Solutions, Deer Park, Texas Acquires Gayesco International.
6. Healthcare Briefing - Leading Medical Companies in the News: Bio-Solutions, Catalyst Pharmaceutical, MannKind, Amgen, Accuray
7. CRO Solutions, Inc. Announces Opening of New Division - VxP Pharma Services, Inc.
8. MEDIFIRST SOLUTIONS, INC. To Exhibit At The Orlando International Beauty Show
9. Medifirst Solutions, Inc. Announces Update To Shareholders
10. Medifirst Solutions, Inc. Announces New Healthcare And Wellness Division
11. Comprehensive Care Corporation Names Colonel Ramon Martinez President of CompCare Pharmacy Solutions, Inc.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... 2016 One of Australia,s successful ... of a new biotechnology company, Noxopharm Limited [ABN 50 608 966 ... and to list on the ASX. Noxopharm is a ... enter a Phase 1 clinical study later this year. ... of the biggest problems facing cancer patients - the ability of ...
(Date:6/26/2016)... 2016 Jazz Pharmaceuticals plc (Nasdaq: ... Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR"), ... Inc. ("Celator"; Nasdaq: CPXX ) expired effective ... As previously announced on May 31, 2016, ... agreement under which Jazz Pharmaceuticals has commenced a tender ...
(Date:6/26/2016)... 27, 2016  VMS Rehab Systems, Inc. ( www.vmsrehabsystemsinc.com ... whatever measures required to build a strong and stable ... currently listed on the OTC Markets-pink current trading platform. ... CEO, "We are seeing an anomaly in market trading ... only by the Company, but shareholders and market players ...
Breaking Medicine Technology:
(Date:6/25/2016)... , ... June 25, 2016 , ... First Choice ... States, named Dr. Sesan Ogunleye, as the Medical Director of its new Mesquite-Samuell Farm ... Medical Director of our new Mesquite location,” said Dr. James M. Muzzarelli, Executive Medical ...
(Date:6/25/2016)... ... 25, 2016 , ... On Friday, June 10, Van Mitchell, Secretary of the ... to iHire in recognition of their exemplary accomplishments in worksite health promotion. , The ... Health & Wellness Symposium at the BWI Marriott in Linthicum Heights. iHire was one ...
(Date:6/24/2016)... ... ... Those who have experienced traumatic events may suffer from a complex set ... drug or alcohol abuse, as a coping mechanism. To avoid this pain and suffering, ... traumatic event. , Trauma sufferers tend to feel a range of emotions, from depression, ...
(Date:6/24/2016)... ... 2016 , ... The Pulmonary Hypertension Association (PHA) learned during ... two significant new grants to support its work to advance research and patient ... recognizing patients, medical professionals and scientists for their work in fighting pulmonary hypertension ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... Comfort Keepers® ... American Cancer Society and the Road To Recovery® program to drive cancer patients to ... and other adults to ensure the highest quality of life and ongoing independence. ...
Breaking Medicine News(10 mins):