Ascendant makes fifth pharmacy buy

Wednesday, September 2, 2015

DALLAS – Ascendant Solutions, an investment firm, and its healthcare subsidiary, Dougherty’s Holdings, has acquired Springtown Drug in Springtown, Texas, it announced Aug. 31. The acquisition is expected to add $4 million to Ascendant’s annual revenues and boost sales for Dougherty’s to more than $43 million in 2015, according to a press release. It’s the fifth such buy for Ascendant. In July, it bought The Medicine Shoppe pharmacy in McAlester, Okla.