Guardian Pharmacy Services Model Grows Through Today’s Obstacles
CFO David Morris shares how he and CEO Fred Burke work to keep inflation and labor woes from throttling the provider of medications to assisted-living centers.
Guardian Pharmacy Services has entangled itself almost exclusively with a highly specialized niche of the pharmaceutical business: providing drugs to America’s estimated 30,000 assisted-living facilities for the elderly.
But within that space, the $750 million company is making hay with organic and acquired growth, labor rationalization and automation, and control of costs. Perhaps most important, Guardian has a perhaps unparalleled understanding of a domain that’s heavily affected by demographics, healthcare finances, and federal agencies and regulations, as well as the problems of inflation and worker shortages that are afflicting nearly every company in the U.S. these days.
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