Cincinnati, OH, January 4, 2012 – CarePoint Partners (CarePoint), a leading alternate-site infusion therapy and specialty pharmacy provider, announced that it has acquired the Home Infusion and Enteral Division of Pediatric Health Choice (Pediatric Health). Pediatric Health serves pediatric patients in the Tampa, Gainesville and Orlando areas of Florida, and becomes the 15th acquisition of CarePoint in just four years. Currently, CarePoint is one of the largest independent infusion therapy providers in the United States, serving over 5,800 patients per day at 26 sites across nine states.
"We are excited to have this team of professionals join CarePoint Partners. In conjunction with CarePoint's current location in Tampa (Infusion Technologies), this acquisition will allow expanded coverage throughout Florida," said Dana Soper, CEO of CarePoint. "Pediatric Health serves chronically ill pediatric patients in need of nutrition and other home infusion therapies and has built a reputation second to none. We are excited about the wealth of knowledge and pediatric expertise our new team members bring to CarePoint," concluded Soper.
"I am pleased that this great group of Pediatric Health employees has been acquired by such a wonderful company. The acquisition of this division by CarePoint will allow us to focus on growing our core business of operating Prescribed Pediatric Extended Care centers both organically and via acquisition," said Stephen T Barry, President and CEO of Pediatric Health Choice.
This acquisition further advances the CarePoint mission of being a leading national provider of customer-focused pharmacy and related healthcare services in the home or alternate-site environment while maintaining a regional footprint.
The acquisition of Pediatric Health was completed on December 21, 2011. Financial terms of the transaction are not being disclosed.
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 26 sites in nine states (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.
For additional information on CarePoint, visit the company website at www.carepointpartners.com.
About Waud Capital Partners
Waud Capital Partners (WCP) is a private equity investment firm founded in 1993 that partners with exceptional management teams to invest in middle-market growth equity investments, buyouts, industry consolidations 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. The firm has completed more than 100 acquisitions since its founding and currently has approximately $1 billion of capital under management.
For additional information on WCP, visit the firm's website at www.waudcapital.com.
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