Austin’s Peoples Rx Under New Ownership, Expanding Services
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Austin's Peoples Rx Under New Ownership, Expanding Services
- Austin's Peoples Pharmacy, a local fixture since 1980, has been acquired by Kimberli Wiley, owner of CPRx Pharmacy, and will expand its offerings to include in-store medical providers.
- The acquisition, announced on August 18, 2026, also involves a collaboration with Victory Medical Center, which provided financing for the purchase.
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Peoples Pharmacy, an Austin institution founded in 1980 by Bill Swail, has been sold to Kimberli Wiley, the owner of CPRx Pharmacy, another local Austin business. The sale, publicly announced on August 18, 2026, will see Peoples Rx maintain its existing name, prescriptions, and supplements while introducing new medical services.
Under the new ownership, all four Peoples Pharmacy locations in Austin will remain open and will begin to offer in-store services from nurse practitioners. Additionally, the pharmacies will expand their product lines to include GLP-1 medications and peptides.
The acquisition was financed by Victory Medical Center, an Austin healthcare provider with over 30 years of operation, which will also collaborate with Peoples Rx. This partnership aims to integrate complementary services and uphold a shared commitment to patient and customer wellness. Victory Medical Center offers a range of services including family medicine, urgent care, hormone replacement therapy, and weight management.
Kimberli Wiley expressed her admiration for Peoples Rx’s holistic approach to wellness, encompassing both traditional and compounded medications, alongside pharmaceutical-grade supplements and vitamins. She stated that the collaboration with Victory Medical is a natural fit. While Stephen Erickson will step down as CEO, he will continue to consult during the transition, and the leadership team will largely remain in place.