St. Petersburg, FL – The Anderson Group, LLC announces that portfolio company Parkview Health Services, LLC has been sold to ArtesRx, LLC, an affiliate of Flexpoint Ford, a private equity firm specializing in investments in the healthcare and financial services industries. Lincoln International LLC and Taft Stettinius & Hollister LLP served as The Anderson Group/Parkview’s advisors for this transaction.
Parkview provides pharmacy services to patients who are treated in group homes, mental health clinics, addiction services provider offices and other care settings. Based in Amherst, New York, Parkview owns and operates three pharmacies, Parkview Health Services, Riverview Professional Pharmacy, and Parkview Rx Niagara Falls. With a patient-focused platform and a reputation for delivering tailored solutions to its customers, Parkview Health Services, LLC is well positioned for continued growth. The company will remain headquartered in Amherst, New York and continue to be led by CEO Paul O’Leary and the current management team.
Cory Gaffney, an Anderson Group partner, stated that “It has been an honor working with the team at Parkview. I would like to thank everyone at Parkview for their hard work and dedication over the past several years. It has been a great pleasure to be involved with such a wonderful team and to witness such dramatic growth in Parkview’s business while remaining committed to world-class customer service. I could not be more thrilled for everyone involved in Parkview and I know that the company will continue to grow and thrive for years to come. Also, thank you to the teams at Lincoln International and Taft for steadfastly navigating this transaction to a positive conclusion for all involved.”
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.