Chicago, IL, October 2010 – Waud Capital Partners (“WCP”) announced that its portfolio company, CarePoint Partners (“CarePoint”), has acquired Infusion Services, LLC d/b/a Allied Preferred Care (“Allied”). Based in Dallas, Allied maintains a strong market presence throughout the Dallas-Fort Worth metropolitan area. The company provides a range of home infusion therapies including IVIG, antibiotics and nutrition and will continue to operate under the “Allied” name, maintaining the same team of infusion professionals that have been integral to Allied’s success to date.
“CarePoint is excited to enter Dallas, the fourth-largest addressable market in the United States,” said Dana Soper, CarePoint’s Chief Executive Officer. “Allied provides us with a presence in Texas, and we hope to expand in the near future to other markets within the state.”
Tom Swayden, President of Allied, said, “We have built an excellent reputation by focusing on providing high quality patient care, and we are pleased to partner with CarePoint, whose values closely align with Allied’s.”
Matt Clary, Partner at WCP, added, “We are happy to bring Allied into the CarePoint network and look forward to continuing our acquisition strategy going forward.”
With this transaction, CarePoint has completed nine acquisitions since its inception in December 2007, making it the most acquisitive, and one of the largest independent providers of, infusion therapy in the United States.
About CarePoint Partners
WCP teamed with Chief Executive Officer Dana Soper in 2007 to form CarePoint Partners to acquire, develop and operate a network of home infusion and specialty pharmacies. Based in Cincinnati, CarePoint provides home infusion therapy and specialty pharmacy services via 16 sites of operation in eight states. Infusion pharmacy therapy involves the administration of medications and nutrients using intravenous, subcutaneous and epidural methods. Home infusion therapy allows patients to receive these medications without the inconvenience or cost of a hospital visit.
For additional information on CarePoint, visit the company’s website at www.carepointpartners.com.
About Waud Capital Partners
WCP is a leading middle market private equity investment firm founded in 1993 that partners with exceptional management teams to invest in middle market growth equity investments, industry consolidations, buyouts and recapitalizations. The firm seeks to invest $10 million to $100 million in private companies in the following four areas: healthcare services, business and consumer services, specialty distribution and value-added industrial businesses. Typically, the companies in which WCP invests have enterprise values between $30 million and $300 million.
For additional information on WCP, visit the firm’s website at www.waudcapital.com.
For Further Information:
Matt Clary, Partner
Dana Soper, Chief Executive Officer
Steven Jones, SVP of Business Development
(888) 527-4791 x101
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