Irving, TX, February 14, 2025 – Strive Medical (“Strive” or the “Company”), a portfolio company of NMS Capital (“NMS”), announced today the acquisition of Charles Pharmacy & Surgical (“Charles Pharmacy” or the “Company”), a well-established pharmacy and DME provider of diabetes supplies based in the Bronx, NY. This strategic acquisition represents a major milestone in Strive Medical’s continuous growth and dedication to delivering top-quality medical supplies and services to patients throughout the United States.
“We are thrilled to welcome Charles Pharmacy into the Strive Medical community,” said Todd Philbrick, Chief Executive Officer of Strive Medical. “This acquisition aligns with our mission to deliver the highest quality care and products to our patients. We look forward to working closely with the team at Charles Pharmacy to continue providing exceptional service to New York.”
Dava Bailey, Owner, Charles Pharmacy & Surgical shared, “We are excited to join forces with a company that shares our unwavering commitment to delivering outstanding customer experiences. By leveraging their strengths and expertise, we will expand our ability to serve even more patients, making a meaningful impact on their lives while continuing to uphold the highest standards of care.”
Luis Gonzalez, Senior Partner at NMS, added, “Last year, Strive made a strategic acquisition in ProMed, LLC which expanded its service offering into the diabetic end-market. The acquisition of Charles Pharmacy broadens Strive’s diabetic offering by expanding into a new geography with pharmacy benefit service capabilities.”
Charles Pharmacy was represented by Paragon Ventures in this transaction.
About Charles Pharmacy:
Located in the Bronx, NY, Charles Pharmacy has been a trusted provider of pharmaceutical and diabetic services in the community since 1968.
About Strive Medical:
Strive Medical is a provider of direct-to-patient urological, wound care, diabetic and other disposable medical supplies to patients in the home setting, serving patients across the US. Strive is headquartered in Irving, Texas. Since its founding, Strive has focused on giving patients the highest quality customer service and best products available. For additional information on Strive, please visit the company’s website at www.strivemedical.com.
About NMS Capital:
Founded in 2010, NMS Capital is an experienced private equity firm managing assets in excess of $1.5 billion. Since inception, NMS has partnered with management teams in over 150 investments and follow-on acquisitions across defined investment themes within the Business Services and Healthcare Services industries. The firm’s principal strategy is to create long-term value by providing strategic and operational resources to growth-oriented companies led by founders or experienced management teams. NMS has successfully built industry leading lower middle market companies in defensible and scalable end markets by accelerating organic and acquisition-driven growth.
For additional information on NMS, please visit the firm’s website at www.nms-capital.com. Follow NMS Capital on www.linkedin.com/company/nms-capital.
For further information:
Neal Monga
Principal
(212) 574-7011
nmonga@nms-capital.com