Monday, December 03, 2018 1:27:03 PM
The Orlando location of Five Star Rx is very interesting. It occupies the same address as a big local medical group called Family Physicians Group, which has 22 locations in Florida with over $250 million revenue and over 500 employees.
https://www.fpg-florida.com/
2285 S. Semoran Blvd
Orlando, FL 32822
The current owner of Family Physicians Rx. is Larry Pizik. He started this company with Indrajit Vyas in 2006. Indrajit is the daughter of Nayana Vyas and Andy Vyas, who are the founder and president of Family Physicians Group, which was incorporated in 1987 in Orlando.
Throughout the years, the Vyas family expanded the group from a single clinic to today's $250M company. Here's a touching story of how Nayana Vyas persevered through all the pains to be so successful today.
http://www.i4biz.com/profiles/dr-nayana-vayas/
On April 10, 2018, Humama acquired all 22 locations of Family Physicians Group.
https://press.humana.com/press-release/regional-news/humana-acquires-family-physicians-group-central-florida
https://www.bizjournals.com/louisville/news/2018/04/11/humana-expands-medicare-business-with-acquisition.html
Now Five Star Rx's Orlando location is actually the same as the Headquarters of this new Humana/Family Physician Group. That's because Family Physicians Group used to have Pharmacy Service before it was acquired by Humana:
https://www.fpg-florida.com/medical-services/pharmacy/
After it was acquired by Humana, they do not show this service on their website under Medical Service section anymore.
https://www.fpg-florida.com/medical-services/
Long in short, the founder of Family Physicians Group Nayana Vyas’ daughter stared Family Physicians Rx. Inc. with Larry Pizik in 2006. Nayana sold all 22 locations of the Group to Humana in April 2018, but retained their pharmacy service, which they called “thir preferred pharmacy services (FPRx)". FPRx stands for Family Physicians Rx, Inc. It’s shown on the bottom of this page:
https://www.fpg-florida.com/medical-services/pharmacy/
The owners of Family Physicians Rx, Inc, Larry Pizik and Vyas family took over the pharmacy service and put it under Five Star Rx, Inc, which shares the same Orlando address as the Headquarters of Family Physicians Group. Then Five Star Rx (highly likely) will be acquired by Progressive Care in Jan 2019 as already explained in my previous post.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145212897
Isn’t this whole thing very interesting? Let’s see where all these will lead us to.
Recent RXMD News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 07:54:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 04:38:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/14/2023 04:16:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/23/2023 01:40:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/23/2023 01:34:02 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 10/23/2023 01:20:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/20/2023 04:05:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/20/2023 04:04:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2023 01:40:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2023 01:37:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2023 01:35:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 04:14:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/11/2023 08:54:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/11/2023 08:51:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/11/2023 08:49:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/21/2023 07:30:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/30/2023 09:34:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/30/2023 09:33:46 PM
FEATURED POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM