Pharmaca Integrative Pharmacy Announces $20MM Equity Financing

Funding to accelerate new store expansion plans

Mar 26, 2008, 01:00 ET from Pharmaca Integrative Pharmacy, Inc.

    BOULDER, Colo., March 26 /PRNewswire/ -- Pharmaca Integrative Pharmacy,
 Inc., a retail chain of integrative pharmacies, has raised $20MM in
 additional growth capital. The financing round, led by Highland Capital
 Partners, the Highland Consumer Fund and Physic Ventures, will be used to
 accelerate Pharmaca's new store expansion plans. The Company expects to add
 12 stores per year to its current 20 store base.
     "It is exciting to have the continued support of Highland and Physic
 Ventures as we grow our integrative retail pharmacy concept in existing and
 new markets," stated Barry Perzow, co-founder, president and CEO of
 Pharmaca Integrative Pharmacy.
     "Pharmaca continues to set the standard for integrative medicine at the
 retail level," continued Mr. Perzow. "Fueled by a consumer-driven movement
 toward healthy aging and self care, the convergence of western medicine
 with natural and complementary modalities is now embraced by leading
 teaching hospitals and medical centers. Pharmaca's growth demonstrates that
 we are the compelling destination for those seeking a healthier, more
 proactive lifestyle," he added.
     "Through its innovative approach combining modern pharmacy with
 complementary and holistic remedies, Pharmaca has established a leading
 position in an exciting new retail category," said Tom Stemberg, managing
 general partner of Highland Consumer Fund. "We look forward to further
 contributing to the company's growth as they open additional stores and
 expand into new markets," he added.
     Physic Ventures is a venture fund focused on growing consumer-driven
 health and sustainable living companies. William Rosenzweig, a managing
 director at Physic, said, "Pharmaca is the market leader in an important
 healthy lifestyle sector and we think their service-driven approach offers
 customers the experience they want and deserve."
     About Pharmaca
     Pharmaca Integrative Pharmacy, Inc., founded in June 2000 and based in
 Boulder, Colorado, is the nation's first and largest integrative pharmacy
 chain combining conventional prescriptions, natural and complementary
 health solutions. The Company owns twenty pharmacies in: Boulder,
 Colorado(3); Berkeley, Irvine, La Jolla, Los Gatos, Mill Valley, Monterey,
 Napa, Novato, Pacific Palisades, Sonoma and San Francisco, California (11);
 Portland, Oregon (1); Albuquerque and Santa Fe, New Mexico (2); and
 Seattle, Washington (3).
     About Highland Capital Partners & Highland Consumer Fund
     Highland Capital Partners was founded with the mission of helping great
 people build great companies. Since its inception in 1988, the firm has
 taken a sector-focused approach to investing in exceptional information
 technology, communications, healthcare and consumer companies. Affiliated
 with Highland Capital Partners, the Highland Consumer Fund specializes in
 consumer products, services and retail investment opportunities in
 growth-focused companies with proven business models operating in
 attractive markets. With over $3 billion of committed capital, Highland has
 invested in and worked to create such firms as Ask Jeeves, Avid Technology,
 CheckFree, Conor Medsystems, Helicos BioSciences, lululemon athletica,
 Lycos, MapQuest, Odyssey Healthcare, Quigo, Starent Networks and
     About Physic Ventures
     Physic Ventures, based in San Francisco, is a venture capital firm
 committed to "investing in keeping people healthy." Physic works closely
 with entrepreneurial teams to build leading businesses in consumer-driven
 health and sustainable living. The partners of Physic Ventures have worked
 to build such firms as Dreamerz Foods, Elixir Pharmaceuticals, Novomer,
 Textronics, and The Republic of Tea.

SOURCE Pharmaca Integrative Pharmacy, Inc.