NextPlat Buys Florida Pharmacy for $1.5M, Adding $5.6M in Revenue
NXPL has more than doubled off its 52-week low of $3.375 on elevated volume (3.5× avg).
Summary
NextPlat Corp agreed to acquire Scott's Pharmacy, a profitable rural pharmacy in northwest Florida, for $1.5 million in cash. The target generated $5.6 million in 2025 revenue and expands NextPlat's pharmacy footprint into an underserved market.
Key Events · M&A and Partnerships · NXPL
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Acquisition of Scott's Pharmacy
Progressive Care, LLC, a subsidiary of NextPlat, entered into an agreement to acquire 100% of Scott's Pharmacy, LLC, a community pharmacy in Molino, Florida, for $1.5 million in cash, subject to a post-signing inventory adjustment.
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Financial Impact
The target generated approximately $5.6 million in revenue in 2025 with retail margins of about 19% and was profitable with a debt-free balance sheet. The acquisition is expected to be immediately accretive and supports NextPlat's 20% organic growth target for 2026.
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Strategic Expansion
The deal expands PharmcoRx's retail footprint into an underserved rural market in northwest Florida, where NextPlat plans to introduce same-day delivery, online fulfillment, and higher-margin 340B contracted services for healthcare providers.
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Closing Timeline
Closing is targeted by September 30, 2026, with a one-time extension to October 31, 2026, available upon notice and an additional $50,000 deposit. The transaction is subject to due diligence and customary closing conditions.
Analysis · NXPL · Technology
NextPlat is acquiring Scott's Pharmacy, a profitable rural pharmacy near Pensacola, for $1.5 million in cash. The target generated about $5.6 million in 2025 revenue with 19% retail margins and a debt-free balance sheet. This bolt-on acquisition expands NextPlat's PharmcoRx retail footprint into an underserved market and creates a platform to roll out higher-margin 340B contracted services. While the deal is small relative to NextPlat's $54.3 million in 2025 revenue, it signals a replicable growth strategy in rural Florida. The company expects 20% organic growth in 2026, and this acquisition adds immediate scale and profitability. Closing is targeted by September 30, 2026, with a one-time extension to October 31.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, NXPL was trading at $6.89 on NASDAQ in the Technology sector, with a market capitalization of approximately $17.9M. The 52-week trading range was $3.38 to $11.10. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.