About Dougherty's Pharmacy

Dougherty's Pharmacy, Inc. focuses on acquiring, managing and growing community based pharmacies in the Southwest Region. The company’s wholly owned subsidiary, Dougherty’s Holdings, Inc., owns and operates multiple Dougherty’s Pharmacies, which the company operates as a single segment. The primary store, Dougherty’s Pharmacy, is a turn-key multi-service pharmacy located in Dallas, Texas. The company engages in providing solutions for its retail customers’ pharmacy needs and also for its customers residing in assisted living facilities. The company’s pharmacies also provide medical equipment, home healthcare products services, and health and wellness supplements. Customers The company sells primarily to retail customers. Supplier The company sources substantially all of its generic and branded pharmaceutical drugs to fill prescriptions from a single supplier, Cardinal Health 110, Inc. and Cardinal Health 411, Inc. Intellectual Property The company has obtained a registered service mark for the Dougherty’s Pharmacy name to protect its branding, but otherwise has no material intellectual property necessary for its operations, through copyright or otherwise. Seasonal Variations in Business The company’s business is affected by various factors, including among others, its sales performance during holiday periods (including particularly the winter holiday season) and during the cough, cold and flu season (the timing and severity of which is difficult to predict), significant weather conditions, the timing of its own or competitor discount programs and pricing actions, and the timing of changes in levels of reimbursement from governmental agencies and other third party payors. Regulation In the states in which the company does business, the company is subject to national, state and local laws, regulations, and administrative practices concerning retail and wholesale pharmacy operations, including regulations relating to its participation in Medicare, Medicaid and other publicly financed health benefit plans; regulations prohibiting kickbacks, beneficiary inducement and the submission of false claims; the Health Insurance Portability and Accountability Act; the Affordable Care Act; licensure and registration requirements concerning the operation of pharmacies and the practice of pharmacy; and regulations of the U.S. Food and Drug Administration, the U.S. Federal Trade Commission, the U.S. Drug Enforcement Administration and the U.S. Consumer Product Safety Commission, as well as regulations promulgated by comparable state and local governmental authorities concerning the operation of its business. History The company was founded in 1929. It was formerly known as Ascendant Solutions, Inc. and changed its name to Dougherty's Pharmacy, Inc. in 2017.