Guardian Pharmacy Services, Inc. (Ticker: GRDN) is a pharmacy services company offering tailored, technology-enabled medication management solutions for residents of long-term care facilities (LTCFs), with a focus on assisted living facilities (ALFs) and behavioral health facilities (BHFs). The company provides services such as drug dispensing, administration, and adherence monitoring to improve clinical outcomes and reduce healthcare costs. As of June 30, 2023, Guardian Pharmacy operated 43 pharmacies serving around 156,000 residents across 5,800 facilities in 28 states.
Guardian Pharmacy Services will list on September 26, 2024, on the NYSE. The company is offering 6.75 million shares at a price range of $14.00 to $16.00, targeting a total raise of approximately $101.3 million. The expected market capitalization at the offer is $912.66 million. The offering is managed by Raymond James, Stifel, and Truist Securities.