Infusion Therapy

Infusion therapy involves the administration of medication through a needle or catheter. It is prescribed when a patient’s condition is so severe that it cannot be treated effectively by oral medications. Typically, “infusion therapy” means that a drug is administered intravenously, but the term also may refer to situations where drugs are provided through other non-oral routes, such as intramuscular injections and epidural routes.   “Traditional” prescription drug therapies commonly administered via infusion include antibiotic, antifungal, antiviral, chemotherapy, hydration, pain management, and parenteral nutrition. Infusion therapy is also provided to patients for treating a wide assortment of often chronic and sometimes rare diseases for which “specialty” infusion medications are effective. While some have been available for many years, others are newer drugs and biologics. Examples include blood factors, corticosteroids, erythropoietin, infliximab, inotropic heart medications, growth hormones, immunoglobulin, natalizumab and many others.

Home and specialty infusion service providers offer services provided in the outpatient setting, typically in the patient’s home or an infusion suite or clinic (AIC).

Since the 1980s, this industry has seen tremendous growth despite challenges with a comprehensive benefit from Medicare. Administration of medications in the home or infusion suite has been shown to be a safe and cost-effective method of treating most patients with minimal intrusion on their everyday lives. In recent years, there has been a grassroots effort to work with lawmakers to improve patient access to home and specialty infusion pharmacy services in these sites of care. Commercial payors have recently instilled site of care policies moving high-cost infusions to the home setting and as a result are seeing tremendous savings.

Home infusion has been proven to be a safe and effective alternative to inpatient care for a variety of therapies and disease states, both acute and chronic. For many patients, receiving treatment at home or in an infusion suite is preferable to inpatient care. This industry is continuing to grow now and into the future as more therapies are approved and quality outcomes are seen for home infusion patients.

M&A Transaction Activity

Below are M&A transaction activities which has been compiled from our work with businesses within this sector and our independent research in publicly available information.  For additional information, please contact us here.

Merger and Acquisition Transactions

UnitedHealth to Buy Diplomat Pharmacy and combine with OptumRx

UnitedHealth to Buy Diplomat Pharmacy for $4 a Share, Combine Firm With OptumRx Diplomat, the Flint, Mich., pharmacy- and infusion-services provider, had considered a number of strategic options.  UnitedHealth Group agreed…
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PromptCare Acquired Hollywood Medical Supply

NEW PROVIDENCE, N.J., Nov. 26, 2019 /PRNewswire/ — The PromptCare Companies (“PromptCare” or the “Company”), a leading regional provider of respiratory therapy and specialty infusion services, announced it has acquired Hollywood Medical Supply…
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Soleo Health Acquired Paragon Infusion Therapy

Soleo Health has acquired the pharmacy business of Paragon Infusion Therapy, a Washington Township company that provides specialty pharmacy services to patients in Ohio, Indiana and Kentucky.  Following the acquisition, Soleo…
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Option Care and BioScrip Merge to Form Option Care Health

Option Care and BioScrip Complete Merger to Form Option Care Health Published: Aug 07, 2019 BANNOCKBURN, Ill. & DENVER–(BUSINESS WIRE)– Option Care Enterprises, Inc. (“Option Care”) and BioScrip, Inc. (“BioScrip”) today announced the successful…
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Carousel Capital Recapitalizes Palmetto Infusion Services

Carousel Capital Recapitalizes Palmetto Infusion Services April 16, 2019 – Carousel Capital announced today that it has partnered with management to recapitalize Palmetto Infusion Services, L.L.C. (“Palmetto” or the “Company”),…
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Pharmerica acquired Propac Payless

Louisville, KY-based Pharmerica has acquired Propac Payless, an independent senior living and long-term care pharmacy based in Vancouver, WA, from Moda Health. Propac Payless has more than 34,000 clients, primarily…
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BioScrip and Option Care to Merge

Home and Alternate Site Infusion Therapy Providers BioScrip and Option Care to Merge Creates a Leading Independent Provider of Home and Alternate Site Infusion Services with Deep Clinical Expertise and Broad…
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Pritzker Private Capital Acquired KabaFusion

Pritzker Private Capital has acquired KabaFusion, a provider of acute and specialty home infusion services. KabaFusion operates seven fully accredited specialty pharmacies located in California, Florida, Illinois, Massachusetts, New Jersey,…
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CVS acquires Ritzman Pharmacies

CVS acquires Ritzman Pharmacies MEDINA, Ohio — CVS Health has acquired Ritzman Pharmacies Inc. with plans to close almost all of its 20 Ohio stores and transfer the prescription files.…
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BrightSpring and PharMerica Announce Merger

BrightSpring and PharMerica Combine to Form Comprehensive Health Services Company December 11, 2018 10:13 AM Eastern Standard Time   LOUISVILLE, Ky.–(BUSINESS WIRE)–BrightSpring Health Services (“BrightSpring”) and PharMerica Corporation (“PharMerica”) announced…
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Infucare Acquires FOSRx Fast Pharmacy In Strategic Transaction

Infucare Acquires FOSRx Fast Pharmacy In Strategic Transaction  Creates National Home Infusion and Specialty Pharmacy Platform   Aston, PA – November 30 2018   InfuCare Rx announces the strategic acquisition of Factor…
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Paragon Ventures Announces Sale of J&L Medical Services

Paragon Ventures Announces Sale of J&L Medical Services to Lincare Holdings Strategic Acquisition Provides Expansion In New England Markets   Middlebury, CT – August 2018   Paragon Ventures announces the sale…
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BioMatrix Acquires Decillion Healthcare

BioMatrix Specialty Pharmacy announced that it has acquired Decillion Healthcare, near Columbus, Ohio.  Decillion provides individualized pharmacy and clinical support services for patients with chronic, difficult to treat conditions in neurology, oncology, gastroenterology,…
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Consolidated Packaging Acquired by ASP Global

Paragon Ventures is pleased to announce the acquisition of Consolidated Packaging by ASP Global in a strategic transaction.  Consolidated Packaging, LLC was founded in 2003 and delivers medical products to…
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TA Associates Announces Investment in Healix

TA Associates Announces Investment in Healix BOSTON and SUGAR LAND, Texas – TA Associates, a leading global growth private equity firm, today announced that it has completed a strategic growth…
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PICC Line Plus – First Choice Infusion Acquired

Paragon Ventures is pleased to announce the sale of its client, PICC Lines Plus and First Choice Infusion. This transaction indicates the continuing strength of the M&A markets in the…
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American Medical Direct Acquired

Paragon Ventures is pleased to announce the sale of its client, American Medical Direct located in San Antonio Texas. This transaction indicates the continuing strength of the M&A markets in…
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BioMatrix Acquires Elwyn Pharmacy Group

BioMatrix SpRx, a growing leader in the specialty pharmacy industry, today the acquisition of Elwyn Pharmacy Group in Garnet Valley, Pennsylvania, 30 miles southwest of Philadelphia. BioMatrix offers comprehensive nationwide…
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