MADISON PHARMACY INC.

What MADISON PHARMACY INC. does

Madison Pharmacy Inc. is a family-owned, independent retail pharmacy operating from a single storefront at 66 Main St. in downtown Madison, New Jersey, in continuous operation since 1988. Under owner and registered pharmacist Frank Iannarone, the business dispenses prescriptions, bills health insurance, and delivers medications locally, with a service mix that extends well beyond core dispensing into immunization administration, free weekly compliance packaging, the Simplify My Meds medication synchronization program, New Jersey-compliant unit-dose packaging for assisted living facilities, ear piercing, balloon sales and delivery, durable medical equipment, notary public services, NJ Lottery, utility payments, and money orders. The pharmacy maintains a 14-person staff of registered pharmacists, technicians, and customer care representatives and serves a long-tail base of local residents, college students at FDU, Drew University, and Saint Elizabeth University, and residents of area assisted living facilities.

The technology stack is conventional retail pharmacy infrastructure rather than a proprietary platform: a state-of-the-art pharmacy management system supports digital prescription management and insurance billing, while customer-facing digital touchpoints include the Madison Pharmacy mobile app (rx365.com) for prescription refills and the Digital Pharmacist online refill portal. Marketing and patient engagement run through a Health News blog, Google and Facebook review solicitation, and word-of-mouth in the surrounding communities of Madison, Chatham, Florham Park, Morristown, Summit, and Convent Station.

Revenue is generated through a mix of transaction-fee streams (prescription dispensing with insurance billing, assisted living unit-dose fills, utility payments, money wiring, lottery) and one-time-fee streams (immunizations, ear piercing at a $35 flat fee, balloon and gift sales, OTC products, durable medical equipment, and notary services). Pricing is unit-based and pay-as-you-go across services, with free delivery and free weekly compliance packaging used as retention levers rather than monetized SKUs. The business carries no institutional capital, no disclosed parent company, and no known private equity, venture, or strategic investor ownership.

Name

MADISON PHARMACY INC.

Legal name

Madison Pharmacy Inc.

Website

https://madisonpharmacy.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

Madison Pharmacy Inc. is a family-owned independent retail pharmacy in downtown Madison, New Jersey, operating since 1988, dispensing prescriptions and delivering compliance packaging, immunizations, assisted-living pharmacy services, and ancillary retail services to local residents, college students, and assisted-living facilities.

Ownership category

akta.pro rank

Product category

Retail Pharmacy

NAICS

Pharmacies and Drug Retailers (456110)

SIC

Retail-Drug Stores And Proprietary Stores (5912)

akta.pro primary industry

Retail & Community Pharmacies (Chain/Independent) (HLAFALAA)

akta.pro secondary industry

Medication Reconciliation & Skilled Medication Administration (Clinical) (HSABACAH)

Keywords

• Retail pharmacy services
• Prescription fulfillment
• Medication compliance packaging
• Immunization services
• Durable medical equipment

Headquarters

HQ city

Madison

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Prescription Dispensing: Traditional prescription filling services with insurance billing. The pharmacy accepts all Rx insurance plans and offers an in-house prescription discount plan when needed.
2. Balloons and Gifts: Sale of balloon arrangements (latex and mylar) and gift items with delivery options to surrounding areas.
3. Ear Piercing Service: Ear piercing service with a flat fee of $35, including earrings, cleaning solution, and care instructions. Service available for ages 1 and up by appointment.
4. Immunizations and Vaccines: Full line of immunizations including flu, pneumonia, shingles, and meningitis vaccines administered by certified immunizers without appointment.
5. OTC Products and Medical Supplies: Sale of vitamins and supplements, health and beauty aids, surgical supplies, ostomy products, blood pressure monitors, diabetic supplies, incontinence products, compression hosiery, and durable medical equipment (walkers, wheelchairs).
6. Assisted Living Services: Unit-dose packaging and prescription delivery to assisted living facilities multiple times daily, along with durable medical equipment and health supplies delivery.
7. Utility Payments and Lottery: Utility payments, money wiring, money orders, NJ Lottery, and notary public services.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Madison Pharmacy is a family-owned independent community pharmacy that dispenses prescriptions, bills health insurance, and delivers medications to local residents and institutional clients. Beyond dispensing, it operates compliance packaging programs (weekly cards and assisted living unit-dose packaging), administers immunizations, provides ear piercing, sells OTC products and durable medical equipment, and runs ancillary services such as notary, NJ Lottery, and medication disposal.

Product overview

Madison Pharmacy is a family-owned independent pharmacy offering a comprehensive suite of healthcare and retail services centered on prescription fulfillment and medication management. The core offering is prescription services including filling, insurance billing, and delivery, complemented by patient compliance programs such as Weekly Compliance Packaging, Assisted Living Compliance Packaging, and Simplify My Meds medication synchronization. Additional health services include immunizations, ear piercing, assisted living pharmacy services, college student prescription management, and medication disposal. The pharmacy also provides retail products including balloons, vitamins, supplements, compression hosiery, incontinence products, medical equipment, gifts, and cards. A mobile app (rx365.com) enables prescription refills. All services are delivered with a focus on personalized pharmaceutical and wellness care established since 1988.

Differentiator

Problem solved

Functional benefit

Products and services

• Prescription Services Full-service prescription filling with health insurance billing and prescription delivery for individual patients and institutional clients at a family-owned independent pharmacy serving downtown Madison since 1988.
• Assisted Living Services Comprehensive prescription services for assisted living residents including NJ-compliant unit-dose packaging, multiple daily deliveries, patient compliance programs, Medicare-D plan assistance, and durable medical equipment such as walkers and wheelchairs.
• College Student Services Prescription management services for college students at FDU, Drew University, and Saint Elizabeth University, including prescription transfers, doctor contact for new prescriptions, in-house charge accounts, free delivery to campus, and Meningitis B and Gardasil vaccine administration.
• Weekly Compliance Packaging Free weekly medication cards labeled and filled with all oral medications, designed for patients and caregivers to track compliance and prevent missed doses; the service is automated and initiated when the last box is started.
• Assisted Living Compliance Packaging New Jersey-compliant unit-dose packaging for assisted living residents including medication name, strength, lot number, expiration date, and dose description, provided at no extra charge.
• Simplify My Meds Coordinated prescription refill program that synchronizes all prescriptions to be refilled on the same day each month, with reminder calls when refills are ready.
• Dispose My Meds Free environmentally safe medication disposal service accepting prescription, OTC medications, and controlled substances during regular business hours via an in-store drug collection box.
• Immunizations Full line of immunizations including flu, pneumonia, shingles, meningitis, and other vaccines administered by certified immunizers without appointments; includes Meningitis B and Gardasil vaccines for college students.
• Ear Piercing Professional ear piercing services for individuals age 1 and up using pre-packaged, pre-sterilized earrings with single-use disposable gloves; flat $35 fee includes earrings (pure gold over medical grade stainless steel or medical grade stainless steel), cleaning solution, and care instructions.
• Balloons Balloon depot offering latex and mylar balloons in various colors with delivery services to Madison and surrounding areas including Chatham, Florham Park, Morristown, Summit, and Convent Station.
• Other Special Services and Retail Products Additional services including public fax, bathroom and home safety/mobility equipment sales and rental, gifts and cards, vitamins and supplements, compression hosiery (Sigvaris and Sockwell), incontinence products, durable medical equipment (walkers, wheelchairs, blood pressure monitors, diabetic supplies, ostomy products, surgical supplies), notary public, NJ Lottery, utility payments, money wiring, money orders, and special orders.
• Madison Pharmacy Mobile App (rx365.com) Mobile application for prescription management and refills, available for download via rx365.com; replaces an older app version that customers are asked to delete.
• Prescription Delivery Prescription delivery service offering free delivery of prescriptions within Madison, $10 delivery for other items within Madison, and $20 delivery to Chatham, Florham Park, Morristown, Summit, and Convent Station; drivers carry credit card scanners for payment.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Good Neighbor Pharmacy: A national independent pharmacy network owned by AmerisourceBergen that supports independent retail pharmacies with brand, procurement, and clinical service programs — the closest business-model peer to a single-store independent like Madison Pharmacy.
• Health Mart: McKesson-owned franchise/network for independent pharmacies offering centralized purchasing, marketing, and clinical service support — directly comparable to Madison Pharmacy's independent-retail-with-clinical-add-ons model.
• PharMerica: A large institutional pharmacy focused on long-term care, assisted living, and behavioral health facilities. Directly comparable to Madison Pharmacy's assisted living compliance packaging and delivery service, though at substantially greater scale.

Others

• PillPack (Amazon Pharmacy): Amazon's mail-order pharmacy with unit-dose packaging by default and free home delivery. Directly substitutes for Madison Pharmacy's compliance packaging and delivery service for convenience-driven and digitally native consumers.

Broad incumbents

• Kinney Drugs: A family-owned regional pharmacy chain across New York and Vermont that combines prescription dispensing with immunizations, compliance packaging, and DME — a scaled analogue of Madison Pharmacy's independent-plus-clinical model.
• CVS Pharmacy: The dominant US retail pharmacy chain operating numerous New Jersey locations with prescription services, immunizations, MinuteClinic, and delivery — the primary scale competitor Madison Pharmacy faces in its local market.
• Bartell Drugs: A Pacific Northwest regional pharmacy chain offering prescriptions, immunizations, and a broad front-of-store assortment. Less directly competitive geographically, but comparable as a multi-service community pharmacy model.
• Walgreens: A national retail pharmacy chain with significant New Jersey footprint, prescription services, in-store immunizations, and online delivery — another large-scale competitor Madison Pharmacy must differentiate against locally.
• Omnicare (CVS Health): A CVS Health subsidiary providing pharmacy services to senior living, long-term care, and post-acute providers — directly comparable to Madison Pharmacy's assisted living pharmacy vertical, with substantially greater scale and capital.

Emerging players

• Genoa Healthcare: A specialty pharmacy operating in-clinic locations serving behavioral health, HIV/AIDS, and other complex patient populations — an emerging specialized pharmacy model that competes for institutional and chronic-condition prescription volume.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/reviews
• LinkedInlinkedin.com/company/madison-pharmacy-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MADISON PHARMACY INC.