Smith Drug Company

Smith Drug Company is a Spartanburg, South Carolina based drug wholesale company and a division of J M Smith Corporation.[1] The company was founded in 1944 with annual revenue in excess of $2 Billion as of 2013.[2]

Smith Drug Company
Private
IndustryPharmaceuticals and Pharmacy Services
Founded1944
HeadquartersSpartanburg, South Carolina, U.S.
Key people
Saul Factor, R.Ph.
(President)
Number of employees
335 (2013)
WebsiteSmithDrug.com

The company specializes in wholesale pharmaceutical distribution, home medical equipment and other medical products, serving more than 1400 customers. Although it services long-term care facilities and regional hospitals as well, the company has been serving independent pharmacies for almost 70 years.

History

In 1925, J.M. Smith Sr., R.Ph., founded Smith Drug Company as an independent pharmacy in Asheville, North Carolina. As the changing economy of the 1940s, rigors of contestant travel and shortages imposed by World War II began to take their toll, J.M. Smith began divesting his retail chain of drug stores and incorporated Smith Drug Company in 1943. The wholesale drug operation began in the attic of the original Smith Drug Store in Spartanburg, South Carolina and now manages three large distribution centers across the southeastern United States.

Facilities

In addition to its national headquarters located in Spartanburg, South Carolina, Smith Drug Company maintains additional distribution centers and offices in Paragould, Arkansas and Valdosta, Georgia.[3][4][5]

Key programs and services
  • HealthWise Pharmacy - Advertising program.
  • BargainWise - Monthly promotional flyer program.
  • DollarWise - Low cost health and beauty aids, household chemicals and general merchandise.
  • GeneRx QuikShip - First-to-market generics.
  • HME - Home Medical Equipment.
  • DiabetiCare - Promotional program for diabetics.
  • Smith Source - Enhanced pricing program for generics.

Continuing education and trade show

Since 1996, Smith Drug Company's Continuing Education program has grown into a large attraction at the company's annual Trade Show, where it gives manufacturers, vendors and customers a place to meet.

Other divisions
  • Burlington Drug Company
  • Smith Premier Services
  • RxMedic Systems
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References
  1. "Smith Drug Company - Full-line Pharmacy Distributor". J M Smith Corporation. Retrieved 2 June 2019.
  2. "#179 J M Smith Corporation - Forbes.com". Forbes.com. Retrieved 2 June 2019.
  3. Harris, Kay. "Welcome, Smith Drug Co". Valdosta Daily Times. Retrieved 2 June 2019.
  4. Monday, Mark Friedman; Nov. 15; Read, 2004 12:00 Am 1 Min. "Smith Drug Co. Coming to Paragould". Arkansas Business. Retrieved 2 June 2019.
  5. Anderson, Trevor. "Smith Drug opens new Ga. facility". GoUpstate.com. Retrieved 2 June 2019.
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