We served as pharmacy regulatory counsel to Fred’s Inc. in its acquisition of Reeves-Sain Drug Store, Inc. and EntrustRx for $66 million. Reeves-Sain Drug Store, Inc. is a private specialty and retail pharmacy company, and EntrustRx is a specialty pharmacy licensed in all 50 states.

Fred’s, Inc. (NASDAQ: FRED) operates 661 discount general merchandise stores, including 19 franchised Fred’s stores, in the southeastern United States.