broadway pharmacy, a health mart independant pharmacy

What broadway pharmacy, a health mart independant pharmacy does

Broadway Pharmacy is an independent, family-owned retail pharmacy operating as a Health Mart affiliate in Cleveland, Ohio. Founded circa 2018, the company runs two physical storefronts — at 6630 Broadway Ave. in the Slavic Village neighborhood and 3782 W 117th St. on Cleveland's west side — serving local community residents with prescription dispensing, prescription transfers, immunizations (flu, shingles, pneumonia), vitamins and supplements, and free prescription home delivery. The target customer base is geographic: households in Slavic Village and the broader Cleveland area seeking accessible, personalized pharmacy services from a neighborhood operator rather than a national chain.

The core product portfolio centers on prescription management services (Refill Prescription, Transfer Prescription, Prescription Home Delivery) combined with wellness offerings (Vitamins, Immunizations). Two adherence-focused add-on modules — Compliance Packaging, which organizes pills by date and time, and Medication Synchronization, which aligns refill dates to a single monthly pickup or delivery — target multi-medication patients with adherence challenges. The company runs on standard pharmacy management systems; no proprietary technology platforms are disclosed. Digital presence consists of online refill, transfer, and contact forms on its website, with Google Analytics and Facebook Pixel used for marketing analytics and targeted social advertising, and CCPA/CPRA-aligned privacy practices.

Revenue is generated on a transaction-fee basis from prescription dispensing (PBM reimbursements, insurance payments, and private pay for uncovered medications), OTC retail sales of vitamins and supplements, and per-administration immunization fees reimbursed through insurance or paid directly by patients. The go-to-market is direct-to-consumer and relies on local community presence, word-of-mouth referrals, and digital channels (website, social media advertising). Pricing is pay-as-you-go with most insurance plans accepted alongside private pay and credit card, and primary customer-acquisition channels are walk-in visits, phone contact, and the company website.

Name

broadway pharmacy, a health mart independant pharmacy

Legal name

Broadway Pharmacy

Website

https://broadwayrxpharmacy.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Independent, family-owned retail pharmacy operating as a Health Mart affiliate in Cleveland, Ohio, serving local community residents with prescription dispensing, immunizations, free home delivery, and adherence packaging across two storefronts.

Ownership category

akta.pro rank

Product category

Retail Pharmacy

NAICS

Pharmacies and Drug Retailers (456110), Pharmacies and Drug Retailers (45611), Health and Personal Care Retailers (456)

SIC

Retail-Drug Stores And Proprietary Stores (5912)

akta.pro primary industry

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

akta.pro secondary industry

Value Pharmacies & Deep-Discount Pharmacy Retail (CRAEAHAB)

Keywords

• Retail pharmacy services
• Prescription dispensing
• Immunization services
• Medication adherence packaging
• Home delivery pharmacy

Headquarters

HQ city

Cleveland

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Prescription Dispensing: Fills and dispenses prescription medications to patients. Revenue generated through pharmacy benefit manager (PBM) reimbursements, insurance payments, and private pay for uncovered medications.
2. Over-the-Counter Products: Sale of vitamins, supplements, and other OTC health products. Customers purchase directly or with insurance coverage where applicable.
3. Immunization Services: Administration of vaccines including flu, shingles, and pneumonia vaccines. Revenue from insurance reimbursements and patient payments.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Broadway Pharmacy is an independent, family-owned retail pharmacy that fills and dispenses prescription medications and over-the-counter products such as vitamins and supplements. It also administers immunizations including flu, shingles, and pneumonia vaccines, and offers medication adherence support through compliance packaging, medication synchronization, and free local prescription home delivery. The pharmacy operates two physical locations in Cleveland, Ohio and serves as a member of the Health Mart independent pharmacy network.

Product overview

Broadway Pharmacy is an independent, family-owned retail pharmacy operating as a Health Mart franchise. The pharmacy operates as a single-location service business (with two physical locations in Cleveland, Ohio) offering a unified set of healthcare services rather than a software platform. The core product portfolio centers on prescription management services (Refill Prescription, Transfer Prescription, Prescription Home Delivery) combined with wellness offerings (Vitamins, Immunizations). Add-on patient support modules include Compliance Packaging for medication adherence and Medication Synchronizations to consolidate refill schedules. All services are delivered in-person at their physical locations or through their website forms, with free local home delivery as a differentiating feature.

Differentiator

Problem solved

Functional benefit

Brands

• Health Mart Independent Pharmacy: A franchise/affiliation brand under which Broadway Pharmacy operates as an independent pharmacy member of the Health Mart network

Products and services

• Refill Prescription
• Transfer Prescription
• Prescription Home Delivery
• Vitamins and Supplements
• Compliance Packaging
• Immunizations
• Medication Synchronization Service that aligns all prescription refill dates to the same time each month, eliminating frequent refill requests and trips to the pharmacy while improving medication adherence. Targeted at patients on multiple chronic medications.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Partnerships

One partnership is on record.

• Health MartcoreChannel Partner/ Reseller/ DistributorBroadway Pharmacy operates as an independent pharmacy affiliated with the Health Mart network. Health Mart is a franchise-style pharmacy network that provides independent pharmacies with branding, purchasing power, and operational support while allowing them to maintain their independent ownership and community focus.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Direct peers

• CVS Pharmacy (CVS Health): Largest U.S. retail pharmacy chain with extensive Cleveland-area locations. Directly competes with Broadway on prescription dispensing, OTC products, and immunization services, but with greater scale, PBM leverage (Caremark), and clinic capabilities (MinuteClinic).
• Walgreens: Major national pharmacy chain operating in Cleveland markets. Competes head-to-head on prescription fills and OTC retail, and offers comparable services like immunizations, though its delivery and adherence packaging services differ in structure.
• Rite Aid: National drugstore chain with footprint in Ohio. Competes directly on prescription dispensing, retail health products, and immunization services, and serves a similar value-conscious customer segment in many of the same neighborhoods.
• Walmart Pharmacy: Operates pharmacy counters inside Walmart Supercenters, several of which serve the Cleveland market. Competes on prescription pricing and OTC products, leveraging Walmart's $4 generic program and broad retail traffic.
• Discount Drug Mart: Ohio-based regional pharmacy chain headquartered near Cleveland. Operates a similar independent-feeling, value-oriented pharmacy model in overlapping Cleveland neighborhoods, making it one of the closest direct competitors geographically and positioning-wise.

Others

• Health Mart: McKesson-owned franchise network of independent pharmacies of which Broadway is a member. Provides branding, group purchasing, and operational support, and the broader Health Mart member base represents the most directly comparable peer cohort of similar-sized independent community pharmacies.

Regional players

• Giant Eagle Pharmacy: Pittsburgh-based grocery chain with a significant Ohio pharmacy footprint including Cleveland-area stores. Combines grocery and pharmacy offerings, competing with Broadway for prescription customers and OTC/vitamin purchases.

Emerging players

• Amazon Pharmacy: Digital pharmacy service from Amazon offering home delivery of prescriptions, often at transparent cash pricing. Represents an emerging competitive threat to Broadway's local delivery and prescription fulfillment business, particularly among digitally native consumers.
• Capsule Pharmacy: Digital-first pharmacy offering free same-day delivery, insurance handling, and a strong mobile/app experience. While not yet deeply penetrated in Cleveland, its model could pressure Broadway's digitally underserved customer base over time.

Broad incumbents

• Genoa Healthcare: Specialty pharmacy services provider operating pharmacy locations within behavioral health and community clinics. Relevant as a broader-incumbent adjacent operator in the pharmacy services space, particularly given Broadway's interest in compliance packaging and adherence services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/broadwaypharmacycleveland

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 →

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