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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

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SOURCE Ascendant Solutions, Inc.
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