BelHealth Investment Partners

BelHealth Investment Partners, a healthcare-focused private equity firm, announced the acquisition of the business and assets of Geritrex Corp. (“Geritrex” or the “Company”). Founded in 1978 and headquartered in Mt. Vernon, New York, Geritrex is a manufacturer and distributor of primarily topical generic OTC products and pharmaceuticals to patients in institutional healthcare settings. Geritrex’s prominent list of customers includes: the Veterans Administration, Columbia Presbyterian Hospital, Albert Einstein Hospital, St. Jude Hospital, Mayo Clinic and Duke University Hospital. Nathan Kronforst, BelHealth Managing Director, stated, “Given BelHealth’s deep experience in generic OTC products and pharmaceuticals, we have actively pursued investments in this segment and are excited to partner with Geritrex and build upon the success that the Company has achieved over the past thirty years. Geritrex’s product mix and customer base of over 5,000 hospitals and nursing homes positions it perfectly to take advantage of the aging demographic trends. We look forward to growing Geritrex into a national platform in this fragmented and growing industry segment.”

BelHealth Investment Partners, a healthcare-focused private equity firm, announced the sale of Aureus Health Services a BelHealth portfolio company since December 2012, to Meijer, a leading grocer headquartered in Michigan. Aureus has grown into a national specialty pharmacy and health management company with over 20 years of experience assisting patients, families, and medical professionals to cope with and treat a wide range of chronic health conditions. Aureus is headquartered in Pittsburgh, Pennsylvania, and operates facilities located in New York, New Jersey, Missouri, California and Pennsylvania. Richard Friedman, Chairman of Aureus and BelHealth Operating Partner said, “We are very proud of what we accomplished at Aureus. The Company grew revenue 10x under our stewardship and has become a leading national provider of specialty pharmacy and Hub services. Our executive team, led by Michael Nameth, did an excellent job in executing the strategic plan and driving tremendous growth. Meijer, with its strong retail footprint and focus on customer service, is the perfect partner for Aureus.” Harold S. Blue, BelHealth Founder and Managing Partner added, “Richard and Michael did a terrific job in taking Aureus from a New York based, local business, to a national specialty pharmacy and Hub services platform. During BelHealth’s ownership, Aureus completed two acquisitions that provided both geographic and disease state diversification. Aureus established a national Hub to service patients through grocery chains, group purchasing organizations, independent pharmacies and wholesalers. Aureus’ exceptional financial results led to outstanding investment returns for our limited partners.” About Aureus Health Services Aureus Health Services, a portfolio company of BelHealth Investment Partners, is a national specialty pharmacy and health management company with over 20 years of experience assisting patients, families, and medical professionals to cope with and treat a wide range of chronic health conditions. Aureus is headquartered in Pittsburgh, Pennsylvania, and operates facilities located in New York, New Jersey, Missouri, California and Pennsylvania.