Vivo Infusion, a nationally recognized provider of accessible and affordable ambulatory infusion care, announced it has acquired Infusion Center of Pennsylvania “ICPA,” the largest non-hospital infusion provider in the greater Philadelphia region. The acquisition will expand Vivo Infusion’s footprint into Pennsylvania and New Jersey, creating 30 ambulatory infusion centers throughout seven states.
“From the moment we met Chris and the Vivo Infusion team, we knew we wanted to be part of this passionate, organized, and focused group. The energy and excitement to be the unresolved leader in the infusion industry with Vivo Infusion is evident in the organization at all levels. We are extremely excited that ICPA is a part of this journey” said Dr. Robert Singh.
Chris Reef, CEO of Vivo Infusion, said, “We quickly recognized that our partners at Infusion Centers of Pennsylvania share our culture and philosophy of providing clinically exceptional, compassionate, and cost-effective infusion care to improve the health of our patients. Adding the option of home infusion and specialty pharmacy to our capabilities will help us reach our mission and vision for the future of infusion services – improving patient outcomes, delivering a better patient experience, and lowering costs.”
“We have always been dedicated to providing high-quality patient care with unrivaled service,” said Dr. Emma Singh. “We are thrilled to join a family of like-minded professionals who are committed to providing affordable, quality infusion services as we expand across the country.”
Infusion Center of Pennsylvania Co-founders Robert Singh, MD and Emma Singh, MD will join Vivo Infusion as Medical Director and VP of Pharmacy Operations, respectively.
About Vivo Infusion
Vivo Infusion is a leading provider of accessible, affordable, and safe community-based infusion and injection care for patients suffering from compromised immune systems, infectious disease, and other medical conditions. Vivo Infusion provides convenient, compassionate, expert care administered in safe and inviting state-of-the-art facilities using efficient and cost-effective patient-focused best practices. Vivo currently serves communities in Colorado, Florida, Ohio, Oklahoma, Pennsylvania, New Jersey, and Texas with plans to expand into additional states. For more information, visit: www.vivoinfusion.com.
About Infusion Center of Pennsylvania
Infusion Center of Pennsylvania (ICPA) began serving patients in 2011 as a home infusion provider under their specialty pharmacy, Healthcare Evolution. They have since added four ambulatory centers throughout Pennsylvania and two in New Jersey. For more information, please visit: www.infusioncentersofpa.com
As we approach the new year, the M&A market for healthcare companies continues to build on STRATEGIC opportunities in the current market. The strategic corporate buyers and private equity investors remain committed to acquiring strong businesses that are well prepared for a transaction. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering prime valuations and options for management.
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