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PHOENIX — The Apothecary Shops has a new name, the specialty pharmacy provider said Monday.
The Phoenix-based company, which operates specialty pharmacy chain with 18 locations in eight states, said it had changed its name to Avella Specialty Pharmacy and that the name change would take effect at all physical store locations and business operations by Aug. 1.
"Inward reflection about our brand brought us to the conclusion that our current name is no longer an accurate description fo what our company has become and our pioneering spirit," company CEO and founder John Musil said. "As a growing company, we wanted a name that would better reflect what we do and define our uniqueness as a full-service specialty pharmacy."
Avella, originally founded under the Apothecary Shops brand in 1996, said the new name would allow for more consistency in its associated brands.