Bioplus Specialty Pharm acquires Santa Barbara Specialty Pharmacy

City: Carpinteria, CA
Buyer: BioPlus Infusion Pharmacy
Seller: Santa Barbara Specialty Pharmacy
Date / Year: May 5, 2022
Sector: Specialty Pharmacy
Keywords: BioPlus Infusion Pharmacy, Santa Barbara Specialty Pharmacy, SBSP, Specialty Pharmacy, Alvin Montenezzi, Marcel Sasola

BioPlus Infusion Pharmacy, the first and only infusion pharmacy with personalized, high-touch Tailored 2You™ services and support, announced that it has acquired. California-based Santa Barbara Specialty Pharmacy (SBSP). BioPlus Infusion will be able to serve a much larger number of patients in California and through acquisitions across the US, which were finalized as of late April 2022.

Established by pharmacist Marcel Sasola, SBSP has provided patients across the United States with personalized care, access to specialized infusion medications, and comprehensive clinical and customer support for more than 15 years. Infusion pharmacists and nurses at SBSP have obtained Immunoglobulin National Society (IGNS) certification – the only nationally recognized certification for IG pharmacists and nurses. This certification ensures that the assessment, validation and documentation of the knowledge, skills and overall clinical competence of its IG physicians meets the most stringent patient care requirements.

“Since BioPlus opened its doors 30 years ago, our infusion patients and their providers could count on clinical excellence, improved drug access, and the highest quality patient experiences tailored to them.” Alvin Montenezzi, Pharm D, and Chief Operating Officer of BioPlus. “As a pharmacy leader who has built several specialty pharmacies, Mr. Sasola shares BioPlus’s long-term vision of meeting the high tactile needs of patients with long-term conditions, such as blood disorders, dignity and care. He and his team will continue to work with BioPlus to provide personalized infusion services and exceptional experiences within reach of nearly every patient who needs us.”

“Each patient has a unique infusion journey; no two are alike. Since its inception, Santa Barbara Specialty Pharmacy has recognized the need to provide patients with more than just filling medication; it is personalized care and attention. was built upon,” according to Marcel Sasola, Founder and CEO of SBSP. “At BioPlus Infusion, we found the right partner to enhance patient clinical outcomes, while striving to optimize each patient’s quality of life. I am excited for the opportunity to join BioPlus and the team at Mine. We believe that together, BioPlus and SBSP can reach those patients while further developing payer, manufacturer and clinical trial partner relationships.”

SBSP is accredited by URAC in Specialty Pharmacy and has earned an ‘Exemplary Status’ accreditation in Home Infusion by the Compliance Team. As part of the Bioplus Infusion family, the Santa Barbara Specialty Pharmacy will continue to operate under the same business name.

Find more http://www.BioPlusInfusion.com and http://www.SantaRx.com.

About Bioplus Infusion Pharmacy

Meet the first and only infusion pharmacy with personalized, high-touch tailored 2You™ services and support. While most infusion pharmacies practice a one-size-fits-all approach, Bioplus Infusion Pharmacy believes that caring for each patient is the best way to achieve optimal individual results.

From coast to coast, patients and their healthcare providers turn to BioPlus Infusions for IVIG, SCIG, infliximab and clotting factor therapy to treat rare and complex conditions such as oncology, primary immunodeficiency disease (PIDD), chronic inflammatory demyelinating polyneuropathy (CIPD). ) can be treated. Motor neuropathy (MMN), multiple sclerosis (MS), bleeding disorders and more. The BioPlus Infusion service model is characterized by personalization, empathy and close relationships with patient advocates and nurse concierges who have over 30 years of combined experience supporting patients through their medicine journey.

Bioplus Infusion is endorsed by Bioplus Specialty Pharmacy. BioPlus Specialty Pharmacy, ranked #1 by both patients and prescribers, has been a trusted member of the specialty pharmacy industry for over 33 years and is part of the CarepathRx family of pharmacy and medication management solutions.

About Santa Barbara Specialty Pharmacy

Santa Barbara Pharmacy is a specialty/infusion home healthcare provider composed of a team of professionals dedicated to providing comprehensive services in an ethical and patient-centred environment. Our mission is to provide superior care to our customers and achieve the best results while maintaining a financially sound organization for the benefit of our employees, patients and our service partners.

The M&A market for healthcare companies continues to strengthen in 2022 ahead of projected increases in US capital gains taxes. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies.  Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management. 

Do you know the current market value of your business? We do!  We are here to help you plan, prepare, explore and succeed in executing your strategic options.

Contact Paragon Ventures for more information.  

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