December 03,2007
Pacific Community Ventures completes a $3M equity investment in Pacific Pharmacy Group

Seal Beach, CA – Pacific Community Management (“PCM”), a private equity firm focused on small, high-growth California businesses, is pleased to announce that it has successfully completed a $3M equity investment in Pacific Pharmacy Group (“PPG”). The capital will be used to support organic growth as well as the continuation of PPG’s acquisition program.

“We are excited about the opportunity to support PPG’s acquisition and growth plans” stated Eduardo Rallo, a partner with Pacific Community Management. “The exceptional industry knowledge and operational expertise offered by Tom Pascoe (CEO) and Scott Tyree (COO) will be a tremendous driver of growth for PPG’s network of retail pharmacies.”

“PCM has a proven track record of working closely with small companies in helping them execute their growth plans, and they have particular expertise in the retail pharmacy market” remarked Tom Pascoe, PPG’s Chief Executive Officer. “They are an ideal partner to help facilitate and accelerate our growth.”

“With the support, leadership and investment capital provided by PCM, we will bring major chain retail management systems to our family of independent community pharmacies while preserving the important customer and physician-specific care that independent pharmacies are known for, providing the best of both worlds” added Scott Tyree.”

Pacific Pharmacy Group was founded in 2006 to acquire and manage high-performing independent retail pharmacies. Led by a team of experienced industry executives and supported by strong partnership relationships with key industry players, PPG is among the fastest growing pharmacy chains in the California market.

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