California, 2023 – Harbor Healthcare Consultants, a leading M&A advisory firm specializing in healthcare and pharmacy transactions, proudly announces the successful sale of California’s largest independent behavioral health pharmacy services company, to a leading Private Equity acquirer with extensive experience and expertise in the healthcare space. This milestone transaction reflects the culmination of strategic efforts to optimize key stakeholder value and position the company for continued growth and success in the rapidly evolving behavioral health sector.
The seller, comprised of 13 pharmacy locations and growing, is an innovator in providing outpatient pharmacy and supportive services to adults and children facing behavioral health disorders. The company’s consultative approach, strategic relationships with key behavioral health programs, and dedication to patient-centric care, position it as an industry leader, serving approximately 250,000+ behavioral health patient interactions each year and generating run rate revenue in excess of $300 million.
The buyer recognized the unique strengths and market leadership of the seller who operates at the forefront of the sector. The acquisition establishes a strategic platform reaching a broad spectrum of patients and leveraging the seller’s network of over 13,000 unique providers. The combined partnership is aimed at enhancing operational efficiency, fostering innovation, and expanding exceptional services in the behavioral health pharmacy sector across the United States.
“Harbor Healthcare is thrilled to bring together these two organizations in a milestone event that will change the behavioral health landscape of California and beyond. Our client’s high-touch clinical-based approach, combined with the buyer’s long history in the Behavioral Health space is the perfect pairing. We are excited to watch the organization continue to expand and change the lives of millions of Americans.” said Ira Cammeyer, President of Harbor Healthcare Consultants.
The team at Harbor Healthcare Consultants extends their gratitude to the leadership, employees, and stakeholders of the seller and acquirer for their collaboration throughout the transaction process. The successful sale reflects the dedication and expertise of all parties involved.
About Harbor Healthcare Consultants
Harbor Healthcare is a boutique M&A advisory firm founded in 1995 by its President, Ira Cammeyer R.Ph. The company offers a variety of M&A advisory services to middle market healthcare and pharmacy businesses including strategic solutions to independent owners and investors of long-term care, specialty, home infusion, compounding and 340B pharmacies. Harbor offers regulatory and advisory expertise while maintaining business relationships with strategic, private equity and independent acquirers. For more information, please contact Mark Alford, Managing Director at Harbor Healthcare (619) 535-9005 or visit https://www.harborhealthcare.com.
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