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Pharmaca secures $5.5m in financing - Regional Report - Pharmaca Integrative Pharmacy - Brief Article

BOULDER, Colo. -- Pharmaca Integrative Pharmacy has completed a $5.5 million equity financing, which will be used to open additional Pharmaca locations in select markets nationwide.

The financing is from Richard Scott, founder and prior chairman and chief executive officer of Columbia/HCA Healthcare Corp., now called HCA. Scott will join Pharmaca's board of directors.

The drug chain, which currently has eight stores in Colorado, California, Oregon and Washington, did not reveal how many stores it plans to open with the proceeds. Also not disclosed were the potential locations of the stores.

Since opening two years ago, Pharmaca has doubled its initial store base. Earlier this year, Pharmaca executives said the company hoped to double in size again by year's end.

COPYRIGHT 2003 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
COPYRIGHT 2003 Gale Group




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