Since 2015, Neighbourly Pharmacy has expanded to over 140 locations across Canada, earning recognition as one of the country’s fastest growing companies. Our growth has been fuelled by several factors:

Leading National Operator

Neighbourly is Canada’s largest and fastest-growing network of community pharmacies. These pharmacies are typically located in smaller, underserved markets. As a result, they are both subject to less intense competition and generate the majority of their revenue from prescription sales.

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A Healthcare First Strategy Drives Performance

Neighbourly pharmacy's mission is to prioritize the pharmacy, the patient, and the community. As a result, our patients trust our pharmacies, and visit our locations for a larger portion of their healthcare needs. This strong relationship with our patients both creates a barrier to entry for our competitors and provides us with stable cash flow.

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Acquirer of Choice in a Fragmented Market

With over 6,500 independently owned pharmacies in Canada, Neighbourly is uniquely positioned to continue to acquire pharmacies in smaller communities. The pharmacies we acquire have often served their communities for decades, and we take pride in continuing their legacy of exceptional care. Our commitment to closing on deal terms and accommodating vendors’ schedules has allowed us to develop an industry-wide reputation as the acquirer of choice.

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History of Integration and Driving Value

Neighbourly has demonstrated its ability to effectively integrate acquired pharmacies, highlighted by the 70 pharmacies we have acquired within the last two fiscal years. Following integration, our national network and purchasing power allow us to drive economies of scale.

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Scalable Platform with Operating Leverage

Neighbourly’s operations are built around best-in-class IT and business intelligence systems. These systems accelerate integration, as well as providing us with opportunities to improve our sales and efficiency.

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Strong Financial Performance

Neighbourly’s revenues have grown significantly since 2018. As we consolidate community pharmacies, we will continue to benefit from the ability to leverage our large and growing network to further enhance our profitability and margins.

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Exceptional Management Team

Neighbourly’s management team possesses extensive experience in retail pharmacy, mergers and acquisitions and consumer retail. Their expertise and understanding of community pharmacy owners’ needs has allowed us to pursue our vision of becoming Canada’s community pharmacy leader.

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