Palisade-Heritage JV LLC

Palisade-Heritage JV LLC, a service-disabled veteran-owned small business joint venture headquartered in Valrico, Florida, is a prime contractor providing first-fill pharmacy services, pharmacy benefit management, and related pharmaceutical support to the Veterans Health Administration across nine regional VISNs as of August 2026. The vendor operates exclusively as a prime on federal contracts (100% prime split) and competes predominantly under SDVOSB set-asides, though recent work shows a growing volume of full-and-open awards; the vendor holds self-certified status as a small disadvantaged business and veteran-owned business, with formal SBA SDVOSB designation anchoring much of its VA portfolio.

Palisade-Heritage's capability footprint is narrow and specialized: first-fill pharmacy services (emergency and routine prescription fulfillment), pharmacy benefit management (PBM), medication counseling, third-party administration of pharmaceutical prescription benefits, after-hours pharmacy services, and sterile compounding. The vendor delivers these services across multiple VA medical centers and community-based outpatient clinics, typically at single-location performance sites tied to specific VISN facilities. Representative recent awards include a $1.03 million SDVOSB-set-aside BPA call from VISN 19 for first-fill prescription services in Aurora, Colorado (awarded November 2025); an $805,000 full-and-open BPA call from VISN 17 for first-fill pharmacy services at El Paso, Texas (September 2025); and a $2.2 million SDVOSB purchase order from VA Strategic Acquisition Center Frederick for pharmacy benefits management supporting the Camp Lejeune Family Member Program (April 2022, ceiling value).

Customer concentration is heavily VA-dominated. The top five funding entities account for 77% of recent awards: VISN 4 (54 awards, $13.1 million), VISN 20 (39 awards, $10 million), VISN 5 (31 awards, $11.4 million), VISN 1 (22 awards, $14.9 million), and VISN 17 (17 awards, $2.8 million). When ranked by potential value, VISN 1 anchors the portfolio ($14.9 million across 22 awards), but VISN 4's volume and VISN 5's value create nearly equal exposure. The vendor serves 14 distinct federal agencies in total, but non-VA activity is minimal; recent awards include a single $2.2 million purchase order from VA Strategic Acquisition Center Frederick.

Palisade-Heritage holds positions on four core parent vehicles: a $7 million VISN 20 BPA (April 2022–March 2027) for third-party first-fill pharmacy services across the Pacific Northwest, on which 68 task orders carry $6.8 million in combined potential value; a $5.5 million VISN 9 single-award IDC (December 2022–September 2027) for VISN-wide PBM services under SDVOSB set-aside, with 53 delivery orders totaling $5.1 million; a $2 million VISN 16 single-award IDC (April 2022–March 2027) for first-fill pharmacy and medication counseling services under SDVOSB set-aside, with multiple task orders; and a $705,250 VISN 6 single-award IDC (July 2023–July 2028) for pharmacy benefit services. Task order distribution is heavily weighted toward VISN 4, 5, and 20 BPA calls.

Activity has declined year over year: 50 awards in 2022 to 13 in 2026 (year-to-date through August). Within the next 24 months, 36 awards (combined potential value $11.3 million) reach ultimate completion and face recompete exposure. These recompetes span multiple VISNs and represent a significant near-term renewal pipeline.

SCI-reported invoiced revenue totals $3.1 million across FY2023–FY2024 (FY2022 showed zero SCI activity), with FY2024 invoicing $1.9 million across 0.8 FTEs. The vendor reported an average sub-hours share of 0% across prime contracts—indicating self-performance of labor with no subcontractor engagement. Government-paid hourly rates derived from SCI data show a median of $855.22/hr, with the 10th percentile at $227.14/hr and the 90th percentile at $2,997.43/hr, reflecting a wide span of labor categories from low-skill pharmacy support to senior clinical or management roles. SCI captures only service contracts above the $150,000 threshold and excludes goods, micro-purchases, and classified work; pharmacy delivery orders and BPA calls often fall below or near that threshold, so SCI significantly understates the vendor's actual federal pharmacy services footprint.

Palisade-Heritage operates as a pure prime—no subcontractor relationships are evident in the award record. The vendor's business model centers on direct delivery of pharmacy services at VA facilities, with each contract tied to a specific medical center or clinic. Growth has moderated sharply since 2022, suggesting market saturation, contract consolidation at the VISN level, or competitive pressure from larger pharmacy benefit managers. The portfolio is highly concentrated in VA regional networks, with negligible presence in other civilian agencies or DoD.