CarePoint Partners Acquires Premier Infusion
Pittsburgh, PA, April 17, 2011. CarePoint Partners (CarePoint) recently announced that it has acquired Premier Infusion (Premier). Premier provides home infusion pharmacy services in Austin, Texas and infusion pharmacy and related nursing services in the Atlanta, Georgia area. The Austin location complements CarePoint's Dallas and Houston operations while CarePoint also continues to grow its southeastern footprint with this expansion into the Atlanta market.
The Braff Group (TBG) served as exclusive merger and acquisition advisor for Premier Infusion.
"We are very excited about our twelfth and latest acquisition. It advances our mission of maintaining a regional footprint while becoming a leading provider of customer-focused pharmacy and related healthcare services in both the home and alternate site environments," said Dana Soper, CarePoint's Chief Executive Officer. "What makes this a great fit is the fact that Premier excels at numerous IV therapies which are core CarePoint home infusion services."
Brett Carter, COO of Premier added, "We always believed that home infusion is less about the medication and supplies, and more about the people who provide them. That's why we are so excited to team up with CarePoint Partners and be a part of a great organization with the same patient-first belief system."
“CarePoint continues to execute a highly focused acquisition strategy, creating critical mass in targeted markets to appeal to referral sources and payors that prefer working with providers that can reliably service their patient and beneficiary footprint,” said Reg Blackburn, TBG Managing Director for Pharmacy Services who headed up the deal team representing Premier. “This deal accomplishes just that, establishing a beach head in the largest city in Georgia, and rounding out service capabilities in Texas.”
About CarePoint Partners
Started in 2007, CarePoint Partners operates a network of regional home infusion and specialty pharmacies in the United States. Based in Cincinnati, Ohio, CarePoint provides these services via twenty-two sites in nine states including Florida, Georgia, Louisiana, Massachusetts, Ohio, Pennsylvania, Rhode Island, Texas and West Virginia. Infusion therapy involves the administration of medications and nutrients using intravenous, subcutaneous and epidural methods. Home infusion therapy allows patients to receive IV medications without the inconvenience or cost of a hospital visit.
About The Braff Group
Braff Group is the leading merger and acquisition advisory firm specializing in the specialty pharmacy, infusion therapy, home health care, hospice, behavioral health and social services, home medical equipment, and health care staffing market sectors. The firm provides an array of transactional advisory services including sell side representation, debt and equity recapitalizations, strategic planning, and valuation. Since being founded in 1998, The Braff Group has completed more than 165 transactions. Between 2008 and 2010, based upon deals completed, the firm was ranked number 1 in US Healthcare Services transactions (Source: Thomson Reuters).
Contact:
CarePoint Partners The Braff Group
Steven W. Jones, DPh, MBA Karen Vechter
888-527-4791 x101 412-833-5733
