Dennis And Kimberly Kozlowski To Buy Nantucket Pharmacy

After years of uncertainty regarding the fate of the Main Street icon Nantucket Pharmacy, the downtown business will soon have a new owner - one who will be a familiar name to island residents.

Longtime Nantucket Pharmacy owner Allan Bell told the Current on Thursday that he is selling the business to seasonal island residents Dennis and Kimberly Kozlowski. The sale includes only the business and not the real estate, which Bell will retain, and the deal is expected to close on Saturday.

"I think it's great," Bell said. "I just wanted the store to continue and wanted the tradition to continue. I think they're going to do a fine job. The Main Street pharmacy will stay as usual. I don't think they're going to change anything there. It's all good."

The Kozlowskis own Specialty Medical Drugstore, a full-service pharmaceutical provider in Cincinnati, Ohio, as well as GoGoMeds, an online, mail-order pharmacy that provides prescription medications, and a compounding facility. Kimberly Kozlowski said the plan is to continue the 50-year tradition of Nantucket Pharmacy on Main Street, including the soda fountain and retail shop.

"We had read in the Inky Mirror that Allan was closing the pharmacy, and just couldn't imagine it - between the history of the island and the pharmacy and the soda fountain, they are just really a staple of Main Street, Nantucket," Kimberly Kozlowski told the Current. "And so immediately we reached out to Alan. He agreed to take a meeting with us. We sat down with him, and on a handshake, we just said this is something that we could fold up into a platform that we're already in, the states that we're already working in, and we just didn't want it to be closed. I mean, that would be such a travesty, number one, and number two, when you're erasing that kind of history, how do you ever recapture it again?"

Over the past year, the Kozlowskis have worked with Bell on the deal, integrated one of their pharmacists -  Laurie Abreu - into the operation on Nantucket, and acquired a staff house on the island.

"It seemed like a natural fit for us," Kimberly Kozlowski said.

Dennis Kozlowski, the former CEO of Tyco International, served six and a half years in prison following his 2005 conviction for misappropriation of corporate funds. N Magazine interviewed Kozlowski back in 2021 about his rise and fall in the corporate world, and he stated that friends on Nantucket had been supporting him throughout his imprisonment. 

"The support from Nantucket has been overwhelming over the years," Kozlowski said. "When the DA would not accept my money for bail, the people on Nantucket put up their homes, their boats, their businesses. Fortunately, it didn’t come to that, but they were right there for me. Absolutely right there. I will never forget that and I am forever grateful."

On Thursday, he deferred all questions about the pending acquisition of Nantucket Pharmacy to his wife.

The financial details of the sale were not disclosed.

"I'm happy that it will continue and the money wasn't really a factor," Bell said. "I'm not making any money on the deal. Inventory and a little goodwill."

Nantucket Pharmacy has been locally owned and serving the community since 1937. But with Bell, along with his longtime partners Ken Knutti, RPh, and Jill Audycki, RPh, all in their 60s and 70s, they have been looking forward to their next chapters in life.

Bell had been preparing to shutter the Main Street pharmacy and soda fountain in December 2024 after years of unsuccessfully seeking a successor to take over the operation. Earlier this year, a new pharmacy group joined the operation as the final details of the business sale were worked out. Laurie Abreu, who joined the pharmacy team in 2025, will be the pharmacy manager moving forward.

Bell added that longtime Nantucket Pharmacy employees, including Knutti and Audycki, will continue in their roles, while Bell himself will serve in a consulting role and plans to be around during the summers.