Brian Tanquilut
Jefferies LLC, Analysis Division
Good afternoon, and we’re right here for our final presentation of the day, however saving the most effective for final, proper? So now we have a Guardian Pharmacy Providers as our subsequent presenter. I’ve obtained Fred Burke, the corporate’s CEO. Fred, possibly let’s begin with an introduction into what’s Guardian after which a little bit little bit of the state of the union.
Fred Burke
CEO, President & Director
Tremendous. Thanks, Brian. We’re actually happy to be right here. Thanks all for coming and on your curiosity. Sit up for answering questions, et cetera. However simply by means of background, a 30,000 toes, Guardian is an institutional pharmacy serving long-term care however a really particular section of long-term care, which is assisted dwelling. And as you in all probability know, that is the place a lot of the development has been and can be in long-term care services.
These services have a really acute resident inhabitants. It is counterintuitive and most of the people consider assisted dwelling as your mother goes to play combine doubles this morning, lunch by the pool, and it is starkly totally different. We have 85 years of age, 14 prescriptions on common, impairment in actions of every day dwelling by 3 or extra over 2/3. So extremely acute inhabitants.
These services require a unique sort of pharmacy service. So we have engineered our pharmacies from the bottom as much as serve assisted dwelling. And we have been very profitable. We’re the market chief, regardless that we do not cowl all the geography of america, we nonetheless, are the nationwide chief with a whopping 13% market share. And the best way we have a look at that
