Clinical Solutions Pharmacy Acquired by CoreCivic | Healthcare M&A Deal

CoreCivic has acquired Clinical Solutions Pharmacy, a pharmacy business in Tennessee, for $614.7 million. CoreCivic acquisitions expand healthcare M&A into correctional mail order pharmacy services, with Clinical Solutions Pharmacy providing pharmacy fulfillment for incarcerated populations. The pharmacy acquisition supports TN acquisitions by diversifying cash flows in a complementary healthcare market while adding scale to CoreCivic’s healthcare deals TN footprint. This add on acquisition by a public company acquisition strategy follows CoreCivic’s focus on high-return opportunities, with an incremental $100 million term loan added after quarter-end to maintain liquidity for healthcare M&A execution.