Long-Term Care Institutional Pharmacies Division: Phoenix Capital Resources Client A large Midwestern for-profit operator of Long-Term Care Institutional Pharmacies (LTCIP) with annual revenues in excess of $6.2B. The client developed as part of their growth strategy the plan to acquire through asset purchases multiple privately owned LTCIP’s. Problem The company executed a series of Letter of Intents (“LOI”?) to acquire large LTCIP’s that were located on the east coast. The LOI’s and Asset Purchase Agreements (“ APA ” ?) were negotiated throughout the year with ninety day firm closing dates on the transactions. The client lacked the skilled internal resources to perform the necessary Due Diligence within the timeframe outlined for closing the numerous transactions. In addition, the client

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