NASHVILLE, TN—New Day Pharmacy, a technology-driven medication distributor, has raised a $10.2 million A round led by Council Ventures, with Clayton Associates, a strategic investor affiliated with Council, and its operating partners James M. Usdan and Linwood A. Lacy Jr.

Council Ventures Co‐Founder and Managing General Partner Dennis C. Bottorff said, “New Day Pharmacy’s business model provides a superior value proposition over its competition that is already resonating in the market. The New Day system saves customers money, is safer for patients and is easier for nurses to use. In short, it is on the ‘right side of change’ in healthcare.”

New Day Pharmacy, founded in 2004, is a technology‐enabled institutional pharmacy providing centralized just‐in‐time distribution of medication to long‐term care facilities throughout the United States. New Day’s systems also provide caregivers with actionable information and reports that allow them to better manage patient care and control costs.

It is currently serving skilled nursing facilities in Florida, Indiana, Ohio, and Tennessee from its single point of distribution in Nashville.

It combines central pharmacy automation systems, local on‐site dispensing systems, and integrated internal and web‐based software systems to provide a higher level of service.

It saves customers money through a reduction in drug waste while improving safety with a combination of packaging, bar coding, and local on‐site dispensing systems that are integrated with the central pharmacy systems for 24/7 pharmacist availability and order processing.

Online: www.newdaypharmacy.com

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