YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe
Stephens Pharmacy, at 1100 S. Springfield Ave. in Bolivar, is merging into the Citizens Memorial Hospital system.
Photo courtesy Stephens Pharmacy
Stephens Pharmacy, at 1100 S. Springfield Ave. in Bolivar, is merging into the Citizens Memorial Hospital system.

CMH buys pharmacy from state rep

Posted online

Citizens Memorial Hospital penned a deal to purchase Stephens Pharmacy Inc. from Mike Stephens, a state representative from Bolivar.

Through the deal scheduled to close Sept. 30 for undisclosed terms, CMH will close its Butterfield Pharmacy and direct prescriptions to Stephens Pharmacy, located at 1100 S. Springfield Ave. in Bolivar. CMH spokeswoman Tamera Heitz-Peek said staff members and inventory from Butterfield and CMH Senior Pharmacy would move over to Stephens Pharmacy, which will keep its name.

“I’ve worked with Mike Stephens for more than 38 years,” CMH CEO Donald Babb said in the release. “He’s been a great partner with CMH. This merger is such a good match for us as we move forward to expand our pharmacy services.”

Stephens plans stay on as a pharmacist at Stephens Pharmacy while continuing to do his legislative work in Jefferson City. Representing District 128, Stephens was elected in 2016. He opened Stephens Pharmacy in 1975.

This summer, CMH was honored by Springfield Business Journal for the Economic Impact Awards. The health care system reported $501.4 million in 2018 revenue and 2,137 employees.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Business Spotlight: Building a New Path

Woodworking venture finds a new home as it nearly doubles revenue.

Most Read
SBJ.net Poll
What excites you most about the Route 66 Food Truck Park?

View results