Buyer: Frazier Healthcare
Seller: Southside Pharmacy
Sector: pharmacy, home infusion
Frazier Healthcare Growth Buyout Acquires Southside Pharmacy
November 3, 2017 – Frazier Healthcare Partners (“Frazier”) is pleased to announce the close of the acquisition of a majority ownership stake in Southside Pharmacy (“Southside”). This is the sixth platform investment for Frazier Healthcare Growth Buyout Fund VIII. Southside is one of the largest independent specialty pharmacies in the Houston, TX market, serving over 35,000 patients a year.
In addition to specialty distribution, Southside also provides a range of related ancillary services including infusion suite management, diagnostics and home health. Frazier Operating Partner, Amit Jain, will serve as CEO of the Company. Amit most recently served as Senior Vice President and Head of Business Operations at Omnicare, Inc., a Fortune 500 healthcare services company.
Frazier General Partner, Brian Morfitt, has joined Amit on the Board of Directors and Frazier Sr. Advisor, Bob Zollars, is serving as Exec. Chairman. About Frazier Healthcare Partners Founded in 1991, Frazier Healthcare Partners is a leading provider of growth and venture capital to healthcare companies. With nearly $3.0 billion total capital raised, Frazier has invested in over 170 companies, with investment types ranging from company creation and venture capital to buyouts of profitable lower-middle market companies.