Covenant Pharmacy
Covenant Pharmacy is a privately held, Mississippi-based long-term care pharmacy founded in 2001 that dispenses medications and provides infusion therapy, clinical services, and billing support to approximately 35 nursing homes and assisted living facilities across Mississippi and Louisiana.
- Company typePrivate
- Founded2001
- HeadquartersRidgeland, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Covenant Pharmacy does
Covenant Pharmacy is a privately held, locally owned long-term care (LTC) pharmacy founded in 2001 and headquartered in Ridgeland, Mississippi. It dispenses prescription and over-the-counter medications to approximately 35 nursing homes, assisted living facilities, and other residential care settings, primarily in Mississippi with extended operations into Louisiana (Shreveport, Alexandria, and Denham Springs). Its core offering is a bundled LTC pharmacy service that combines oral and IV medication dispensing, infusion therapy delivered by a certified IV team, clinical services (including medical profile review, pharmacokinetic dosing, and drug selection management), specialized unit-dose (blister/bingo card) packaging, 24/7 on-call pharmacist coverage, emergency medication kits, medication cart provision, on-site education and training, and complete billing services that coordinate with insurance, Medicare Part D, and Medicaid. Order processing runs on an off-the-shelf QS1 Webconnect pharmacy management platform with drug-interaction and allergy screening layered in, and patient billing is supported by a Patient Notebook online payment portal.
The business model is a B2B enterprise field-sales motion targeting LTC facilities in the Gulf South region. Revenue is generated primarily through transaction-fee dispensing, supplemented by professional-services revenue from infusion therapy, clinical reviews, and billing/administrative services. Pricing is not publicly disclosed and is set through facility-specific contracts and third-party reimbursement channels rather than a published price list. Marketing relies on direct facility relationships, dedicated account management and billing specialists, healthcare provider referrals, and ties to professional associations such as the American Society of Consultant Pharmacists. Covenant is part of the LTC Pharmacy Management Partners network — alongside National Pharmacy, Healthcare Pharmacy, Fusion Care Pharmacy, Senior Script Pharmacy, and Magnolia Pharmacy — which provides multi-state referral coverage. Leadership is led by Managing Member Sam Mahfouz, with a named operating team spanning regional operations, pharmacy-in-charge, billing, IT, and HR. There is no disclosed institutional investment, funding history, or revenue figure in the source data.
Covenant Pharmacy firmographics
Firmographics- Name
- Covenant Pharmacy
- Legal name
- Covenant Pharmacy
- Website
- https://covenantpharmacy.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Covenant Pharmacy is a privately held, Mississippi-based long-term care pharmacy founded in 2001 that dispenses medications and provides infusion therapy, clinical services, and billing support to approximately 35 nursing homes and assisted living facilities across Mississippi and Louisiana.
- Ownership category
- akta.pro rank
Covenant Pharmacy industry classification
Industry- Product category
- Long-term care pharmacy services
- NAICS
- Other Ambulatory Health Care Services (6219)
- SIC
- Services-Health Services (8000)
- akta.pro primary industry
- Long-Term Care (LTC) & Skilled Nursing Facility Pharmacies (HLAFALAF)
- akta.pro secondary industries
- Infusion & Home Infusion Pharmacy Services (HLAFALAG), Medication Therapy Management (MTM) & Clinical Pharmacy Services (HLAFALAH), Medication Reconciliation & Transitions-of-Care Pharmacy Services (HLAFALAK)
Keywords
Where Covenant Pharmacy is headquartered
LocationHeadquarters
- HQ city
- Ridgeland
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Covenant Pharmacy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Pharmacy Dispensing Services: Revenue generated from dispensing prescription and OTC medications to long-term care facilities and their residents. Includes both brand and generic medications with drug interaction screening and clinical verification services.
- Infusion Therapy Services: Revenue from IV therapy services provided by certified IV team, allowing residents to receive treatment in their current environment rather than hospitals.
- Clinical Services: Clinical department provides medical profile assessments, drug selection management, and cost management services to facilities.
- Billing Services: Complete billing services for facilities including coordination with insurance, Medicare Part D, and Medicaid for pharmacy claims processing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Standard Long Term Care Pharmacy Services |
| Other | Pay-as-you-go | Generic Medication Preference |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Covenant Pharmacy product offering
Product offeringCore offering
Covenant Pharmacy is a long-term care pharmacy that dispenses oral and IV prescription and OTC medications to residents of nursing homes, assisted living facilities, and other LTC settings across Mississippi and Louisiana. Its service bundle includes 24/7 pharmacist coverage, certified infusion therapy, clinical services with pharmacokinetic dosing, unit-dose blister packaging, medication carts, delivery, emergency drug kits, and complete insurance/Medicare/Medicaid billing coordination for facility clients.
Product overview
Covenant Pharmacy is a locally owned and operated long-term care pharmacy that began in 2001, servicing 35 facilities across Mississippi. The company provides a unified suite of pharmaceutical services centered on long-term care pharmacy services as the core offering. Key products include infusion therapy (certified IV team), clinical services with pharmacokinetic dosing, specialized unit-dose packaging, 24-hour pharmacy coverage with emergency medications, billing services, delivery service, medication carts, reporting services, and education/training. The integrated model combines oral and IV medications with clinical oversight, billing support, and regulatory compliance assistance to reduce hospital readmissions and control costs for long-term care facilities.
Differentiator
Problem solved
Functional benefit
Products and services
- Long Term Care Pharmacy Services Comprehensive pharmaceutical services for long-term care facility residents including oral and IV medications, 24-hour pharmacy coverage, highly trained pharmacists and nurses, pre-discharge coordination, continuum of care to reduce hospital readmissions, educational seminars, and clinical services, sold to nursing home and assisted living operators in Mississippi and Louisiana.
- Infusion Therapy Certified IV team providing infusion therapy services to long-term care residents to reduce hospital readmissions and allow residents to remain in their current care environment.
- Clinical Services Clinical department services that provide precise assessment of resident medical profiles to manage costs, aid in drug selection, and reduce negative side effects for long-term care facility clients.
- Billing Services Complete billing services with dedicated billing specialists who work with facility staff and families to ensure accurate billing and coordinate pharmacy claims with insurance, Medicare Part D, and Medicaid.
- Order Processing and Dispensing Specialized dispensing system ensuring accuracy, prompt processing of prescription and OTC orders, and compliance for medication administration, with drug interaction, allergy, and accuracy screening by pharmacists and technicians.
- Pharmacokinetic Dosing Specialized dosing service that optimizes medication effectiveness and safety for long-term care residents based on pharmacokinetic principles.
- Specialized Unit-Dose Packaging Unit dose blister packaging (bingo cards) provided to facilities to reduce medication errors, track administration, and improve medication management and care quality.
- Delivery Service Routine scheduled medication deliveries to each facility with monitored arrival times, plus prompt processing and delivery of emergency medication orders.
- Medication Carts and Emergency Drug Kits Provision of medication carts for safe and secure storage and administration of medications in facilities, plus emergency drug kits supplied to avoid delays in resident care, with 24/7 pharmacist support and prompt replacement deliveries at no additional cost.
- Education and Training Services IV therapy education and training for medication ordering and administration, assistance with policy and procedure development, and compliance support for surveys and state/federal regulations for LTC facility staff.
Quantifiable outcome
- 35 facilities served across Mississippi
- +2 more outcomes
Companies that use Covenant Pharmacy
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles1 record
Covenant Pharmacy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature3 records
Covenant Pharmacy partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- National PharmacycoreLTC Pharmacy Management Partner providing extended network coverage for long-term care pharmacy services across multiple states.
- Healthcare PharmacycoreLTC Pharmacy Management Partner in the network providing long-term care pharmacy services.
- Fusion Care PharmacycoreLTC Pharmacy Management Partner providing long-term care pharmacy services as part of the network.
- Senior Script PharmacycoreLTC Pharmacy Management Partner in the network for long-term care pharmacy services.
- Magnolia PharmacycoreLTC Pharmacy Management Partner providing long-term care pharmacy services.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
Covenant Pharmacy competitors and assessment
Company assessmentBroad incumbents
- Omnicare (CVS Health): Omnicare is the largest U.S. long-term care pharmacy operator, now owned by CVS Health. It directly competes with Covenant Pharmacy in dispensing, clinical pharmacy, and infusion services to nursing facilities, but at vastly greater national scale and with deeper payer integration.
- PharMerica: PharMerica is a leading national LTC and institutional pharmacy serving skilled nursing, assisted living, and behavioral health facilities. It overlaps directly with Covenant's core offering but operates across dozens of states with significantly larger purchasing and technology infrastructure.
Direct peers
- Guardian Pharmacy Services: Guardian Pharmacy is a privately held LTC pharmacy group operating regional pharmacies serving assisted living, skilled nursing, and behavioral health communities. Its regional-decentralized model closely mirrors Covenant Pharmacy's structure, making it the most direct comparable in size and go-to-market.
- ProCare LTC Pharmacy: ProCare LTC is a regional long-term care pharmacy providing prescription dispensing, IV infusion, and consulting to nursing facilities and assisted living communities. It is a similar-size, regional operator that directly competes for the same LTC facility customers as Covenant Pharmacy.
- Senior Script Pharmacy: Senior Script Pharmacy is a LTC Pharmacy Management Partners network member offering long-term care pharmacy services. Its service mix and customer type align tightly with Covenant Pharmacy, and it operates as part of the same multi-state coverage alliance.
- Remedi SeniorCare: Remedi SeniorCare is a long-term care pharmacy focused on dispensing, consulting, and technology-enabled medication management for skilled nursing and assisted living facilities. It competes head-to-head with Covenant Pharmacy in unit-dose packaging and clinical services, with a stronger technology layer.
- Magnolia Pharmacy: Magnolia Pharmacy is a network partner within the LTC Pharmacy Management Partners alliance alongside Covenant Pharmacy. It provides the same LTC dispensing, infusion, and clinical pharmacy services to facility customers in a regional footprint.
- National Pharmacy: National Pharmacy is one of Covenant Pharmacy's named channel partners in the LTC Pharmacy Management Partners network. It provides long-term care pharmacy services to facilities in adjacent regions, serving the same customer profile and overlapping service catalog.
- Fusion Care Pharmacy: Fusion Care Pharmacy is a LTC Pharmacy Management Partners network member providing long-term care pharmacy services to facilities. It is directly comparable to Covenant Pharmacy in service scope, target customer, and regional pharmacy model.
- Healthcare Pharmacy: Healthcare Pharmacy is a network partner in the LTC Pharmacy Management Partners group. It offers comparable LTC pharmacy services including unit-dose packaging and clinical support to long-term care facilities, overlapping directly with Covenant's offering.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks1 record
Key highlights6 records
Customer concentration
Covenant Pharmacy social profiles
Digital presenceCovenant Pharmacy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Covenant Pharmacy leadership team
Management profileNumber of profiles
Profiles6 records
Covenant Pharmacy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Covenant Pharmacy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Covenant Pharmacy
What does Covenant Pharmacy do?
Covenant Pharmacy is a long-term care pharmacy that dispenses oral and IV prescription and OTC medications to residents of nursing homes, assisted living facilities, and other LTC settings across Mississippi and Louisiana. Its service bundle includes 24/7 pharmacist coverage, certified infusion therapy, clinical services with pharmacokinetic dosing, unit-dose blister packaging, medication carts, delivery, emergency drug kits, and complete insurance/Medicare/Medicaid billing coordination for facility clients.
Is Covenant Pharmacy a public or private company?
Covenant Pharmacy is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Covenant Pharmacy founded?
Covenant Pharmacy was founded in 2001. It employs 1 to 10 people.
Where is Covenant Pharmacy based?
Covenant Pharmacy is headquartered in Ridgeland, United States, in the North America region.
How does Covenant Pharmacy make money?
Four revenue lines are on record. Pharmacy Dispensing Services are the primary driver. The others are infusion Therapy Services, clinical Services and billing Services.
Who are Covenant Pharmacy's main competitors?
Broad incumbents on record are Omnicare (CVS Health) and PharMerica. Direct peers are Guardian Pharmacy Services, ProCare LTC Pharmacy, Senior Script Pharmacy, Remedi SeniorCare, Magnolia Pharmacy, National Pharmacy, Fusion Care Pharmacy and Healthcare Pharmacy.
Does Covenant Pharmacy have an API?
No public API is recorded for Covenant Pharmacy.
What industry is Covenant Pharmacy in?
Covenant Pharmacy's product category is Long-term care pharmacy services. Its primary akta.pro industry code is HLAFALAF, Long-Term Care (LTC) & Skilled Nursing Facility Pharmacies, with a secondary code of HLAFALAG, Infusion & Home Infusion Pharmacy Services. Its NAICS code is 6219 and its SIC code is 8000.