Village Fertility Pharmacy, a portfolio company of BelHealth Investment Partners, has acquired
Integrity Rx Specialty Pharmacy, a fertility-focused pharmacy. No financial terms were disclosed.
New York, NY – February 19, 2019 – Village Fertility Pharmacy (“Village” or the “Company”), a portfolio company of BelHealth Investment Partners, LLC (“BelHealth”), a New York-based healthcare private equity firm, today announced that the Company, through one of its affiliates, has completed the acquisition of Integrity Rx Specialty Pharmacy (“Integrity”). Village has established itself as one of the leading specialty pharmacies in the country dedicated to servicing patients, providers and payors in the fertility market and now with the addition of Integrity is the only fertility-focused pharmacy with strategically-located facilities to address the entire U.S. market.
By providing unparalleled customer service and support, Integrity has built a strong reputation with fertility providers and patients. Founded in 2014 and based in Scottsdale, Arizona, Integrity has rapidly grown to become one of the largest pharmacies in the Western U.S. dedicated to addressing the needs of fertility patients. The founder of Integrity, Jeffrey Karp, Pharm.D., remains in a senior leadership role and has joined the Village executive team.
Richard Burkett, Chief Executive Officer of Village, commented, “I am thrilled about the combination of Village and Integrity. We have witnessed our fertility practice customers expand nationally, and we are excited that through our national footprint we can fully meet their needs. With pharmacies in Boston, Chicago and Scottsdale, we can ensure a level of service untouched by any of our competitors. Further, Jeff and the Integrity team have the same patient-focused culture and service model which made them the perfect partner for this expansion. Jeff and I are incredibly excited about the future and look forward to advancing patient care.”
Jeffrey Karp, Pharm.D., founder of Integrity, stated, “I have known Rich Burkett and the BelHealth team for years, and I am excited to join forces with Village. Village and Integrity share many key principles of patient care and service. I am delighted for Integrity to become a part of the Village family.”
Nathan Kronforst, Managing Director of BelHealth, said, “BelHealth set out to build Village into a truly differentiated specialty pharmacy platform focused on the fertility market and the acquisition of Integrity is a further step in that effort. Village has achieved the scale and market access unrivaled by other fertility pharmacies.”
About Village Fertility Pharmacy
Village Fertility Pharmacy is a specialty pharmacy dedicated to offering the best service and education to infertility patients and clinics. In operation for more than 30 years, Village has developed a deep understanding of the complicated nature of infertility treatments and the unique needs of infertility patients.
Headquartered in Waltham, MA. and with locations in Scottsdale, AZ and Warrenville, IL, Village has established a national presence as one of the largest, fertility-focused specialty pharmacies.
About BelHealth Investment Partners
BelHealth Investment Partners, based in New York, is a healthcare private equity firm focused on lower middle market companies. BelHealth has a unique combination of investing, executive management and entrepreneurial experience. BelHealth acquires majority positions in entrepreneur-owned companies that it believes would benefit from its extensive operating and private equity investment expertise. The firm typically invests $20-60 million per platform company across three healthcare segments: Services, Products and Distribution.
What does this transaction mean for the strategic options for your healthcare business?
Contact Paragon Ventures for more information. https://www.paragonventures.com 800-719-1555
Paragon Ventures is a leading specialist in strategic transactions including the merger and acquisition of private mid-market healthcare companies. Celebrating its 25th year in business, Paragon Ventures has advised thousands of healthcare business owners and successfully closed over 240 strategic healthcare transactions.
