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Ascendant Solutions, Inc.
Ascendant Solutions Announces the Sale of Medicine Man Pharmacies
May 10th, 2008
Ascendant Solutions, Inc. (the "Company") (Pink Sheets:ASDS) announced that its Healthcare Subsidiary, Dougherty's Holdings, Inc., sold its Medicine Man pharmacies to Pharmacy Operations, Inc., a subsidiary of Medicine Shoppe International, on April 11, 2008. These stores will now operate under The Medicine Shoppe name. The Company acquired the Medicine Man pharmacies through an acquisition of assets as part of Park Pharmacy Corporation's bankruptcy reorganization in March 2004. Since that time, the Company operated these three pharmacies in Alvin, Angleton and Santa Fe, Texas under the Company's healthcare segment. For the twelve months ended December 31, 2007, the...
Source: Law & Health Weekly (2008-05-10)
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