Lisa Piercey becomes the first female NCA entrepreneur to acquire a company in the USA

In less than 16 months, Lisa Piercey, who joined Novastone Capital Advisors’ ETA program in 2023, has acquired a wound care specialty pharmacy in Madison, Mississippi, from the former owner-operators, a husband-wife duo who founded and managed the company for over a decade. Dr Piercey has over 20 years of experience in both clinical and operational healthcare leadership, notably serving as Tennessee Governor Bill Lee’s Commissioner of Health from 2019-2022 and leading the state’s response to the COVID-19 pandemic.

“I grew up in rural West Tennessee and wanted to acquire a company with aligned values in the South,” said Dr. Piercey. “When I began my search for a scalable business with a focus on rural and vulnerable populations, I was not expecting to find a pharmacy, but it was a perfect match for my search criteria. The reality is that much of the wound care patient population is underserved and often has worse health outcomes as a result. When I realized this company’s business model improves access to care by addressing two of the biggest social drivers of health – affordability and transportation – I knew it was a great fit.”

Vendor Advisor: Vertess / Legal: Polsinelli Law Firm