Syed A. Husain, RPh, Joins PJ SOLOMON from CVS to Lead Pharmacy Advisory Effort
June 24 2020 - 9:00AM
PJ SOLOMON, a leading financial advisory firm and
independently-operated affiliate of Natixis, announced
that Syed A. Husain, RPh, has joined as a Managing
Director.
A Registered Pharmacist and former Vice President of Corporate
Acquisitions & Real Estate (CA&RE) at CVS Health
Corporation (NYSE: CVS), Mr. Husain’s practice will initially focus
on retail pharmacy, infusion, specialty, long-term care and
Pharmacy Benefit Managers (PBMs). Over the course of his career, he
has been engaged with multiple transactions totaling more than $100
billion in value.
PJ SOLOMON has long been active in the pharmacy sector. The Firm
advised Southeastern Grocers on its recently-announced sales of
selected Bi-Lo pharmacy assets to CVS and Walgreens, as well as its
sale of selected Winn-Dixie pharmacy assets in 2016. In 2018
and 2019, the Firm advised Fred’s on its sales of pharmacy assets
to Walgreens and CVS. These transactions were led by Scott
Moses, Managing Director and Head of Grocery & Restaurants.
With the addition of Mr. Husain, the group will be renamed Grocery,
Pharmacy & Restaurants to reflect its heightened focus on
advising clients in the Pharmacy sector.
Marc Cooper, Chief Executive Officer of PJ SOLOMON said, “We
expect to see further consolidation in the retail and specialty
pharmacy sector and consider it an important market for the
continued expansion of our platform. Our clients will benefit
greatly from Syed’s extensive sector experience and expertise.”
“Syed has extraordinary pharmacy and healthcare transaction
experience; he will meaningfully expand our ability to advise our
grocery and drug retail clients as they increasingly focus on
wellness to better serve their customers,” said Mr. Moses.
Mr. Husain joined CVS in 1994 as a Pharmacy Manager before being
promoted to Regional Healthcare Manager. In 2001 he served as
Director, Real Estate & Pharmacy Acquisitions. In 2008, he was
promoted to Senior Director, CA&RE. Since 2014, he has served
as Vice President, CA&RE.
“I have had the opportunity to get to know PJ SOLOMON over the
years and have long admired the passion its bankers bring to
advising clients,” said Mr. Husain. “I look forward to helping the
firm expand its capabilities in pharmacy and healthcare, and to
leveraging my experience to advise clients as they navigate the
opportunities in this dynamic sector.”
Mr. Husain earned a Bachelor of Science, Pharmacy from the
Rutgers University College of Pharmacy and is a member of both the
American Pharmacists Association and the National Community
Pharmacists Association.
About PJ SOLOMON
Founded 30 years ago, PJ SOLOMON is a leading financial advisory
firm with a legacy as one of the first independent investment
banks. Our difference is unmatched industry knowledge in the
sectors we cover, creating superior value with unrivaled wisdom for
our clients. We advise clients on mergers, acquisitions,
divestitures, restructurings, recapitalizations, capital markets
solutions and activism defense, across a range of industries. PJ
SOLOMON is an independently operated affiliate of Natixis, part of
Groupe BPCE. For further information visit PJSOLOMON.com.
Media ContactNick
Theccanatntheccanat@pjsolomon.com281.546.0526
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f4a40ae9-e32e-4995-b728-de718def1e82
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