St. Petersburg, FL – Parkview Health Services, LLC, a portfolio company of The Anderson Group, LLC, has purchased certain assets of Vascuscript, Inc. d/b/a Mobile Pharmacy Solutions of Buffalo, New York. By consolidating Mobile Pharmacy Solutions into its wholly owned subsidiary, Riverview Professional Pharmacy, LLC, Parkview intends to leverage its existing operations while expanding its channels to market. The acquisition adds to Parkview’s market share in New York and compliments the Company’s organic growth trend.
Parkview is an institutional “closed door” specialty pharmacy that provides pharmaceutical products to long term care agencies, which include assisted living facilities, developmentally disabled residences, chemical dependency rehabilitation facilities, group homes, and mental health clinics. Parkview has been in operation since 1985 and currently supports more than 7,500 individual end consumers who reside in New York State.
Barry Shapiro, partner at The Anderson Group, commented, “The Mobile Pharmacy transaction is another example of the Parkview team identifying new, innovative ways to reach and service new customers in New York State. Riverview will be utilizing its highly automated packaging technology to service the Mobile Pharmacy customer base.”
About The Anderson Group
Founded in 1985, The Anderson Group is an operationally-oriented private equity investment firm focused on acquiring control positions in companies at the lower end of the middle market. Senior professionals at Anderson each have between twenty and thirty years of operational experience in various businesses and industries. Anderson specializes in three types of transactions: turnaround opportunities, special situation investments and recapitalizations. Though Anderson does not have a specific industry focus, it typically acquires businesses in the niche manufacturing, distribution or service industries. The Anderson Group is not an institutional fund; rather, it invests its own committed pool of capital. As such, Anderson is able to avoid investment approval processes, mandates and holding periods. Thus, Anderson can offer a faster approval/transaction process, certainty to close, flexibility in equity ownership and an ability to invest throughout the capital structure that other firms and funds often cannot. For more information about The Anderson Group, please visit www.andersongroup.com.