Pharmacy Services

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Q1-2017 Pharmacy Services Update– Merger & acquisition activity within pharmacy services experienced an uptick in the first quarter of 2017, seemingly an indication of further consolidation throughout the rest of the year.

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Q4-2016 Pharmacy Services Update– The large and diversified buyer community within pharmacy services drove increased sector consolidation in the fourth quarter of 2016, as organizations continued to utilize mergers and acquisitions to capture market share and diversify service offerings.

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Q3-2016 Pharmacy Services Update– Consolidation continued amongst pharmacy services providers in the third quarter of 2016, with several large acquisitions driven by buyers’ desire to broaden geographic presence and expand access to limited distribution drugs.

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Q2-2016 Pharmacy Services Update– Specialty pharmacy dominated the M&A environment within the pharmacy services sector during Q2. McKesson, Diplomat, and Premier all made sizeable acquisitions to expand their disease state expertise and geographic footprint. Private equity firms were quiet during the quarter, but we expect to see firms become more active in the second half of 2016.

ACRO Annoucement

Transaction Advisory – Acro Healthcare, LLC, DBA Acro Pharmaceutical Services (Acro), has been acquired by Lincare Holdings, LLC. Acro is a premier Pharmacy Care Management company with a specific focus on the distribution and clinical aspects of high cost pharmaceutical products.

New Century Health Annoucement

Transaction Advisory – Water Street Healthcare Partners, a strategic private equity firm focused exclusively on healthcare, has made a majority investment in New Century Health. Founded in 2002, NCH is a specialty benefit management company that is focused primarily on oncology and cardiology.

Advanced Care Scripts Annoucement

Transaction Advisory – Omnicare, Inc. (NYSE:OCR), one of the nation’s leading providers of pharmaceutical care for the elderly, today announced the acquisition of specialty pharmaceutical services provider, Advanced Care Scripts, Inc.

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  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”