William Blair & Company acted as exclusive financial advisor to ModernHEALTHcare, Inc., in conjunction with the divestiture of its specialty pharmacy divisions to Altamont Capital Partners. The transaction closed on July 24, 2012.
ModernHEALTH Specialty Pharmacy, the newly created entity, is the combination of two divisions of ModernHEALTHcare which are based in Southern California. One of these divisions consists of retail pharmacies that serve patients with complex pharmaceutical therapies including HIV/AIDS, Cystic Fibrosis, Organ Transplant, Hepatitis C, and Multiple Sclerosis. The other division, ModernHEALTH Specialty Pharmacy's BioFusion unit, is a national leader in IVIG infusion therapy.
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with approximately $500 million of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm's principals have significant experience building business success stories across a range of industries, including financial services, consumer/retail, industrials, healthcare and business services.
ModernHEALTHcare engaged William Blair to assist in a review of strategic alternatives including the possible sale its specialty pharmacy divisions. In conjunction with the engagement, William Blair developed a confidential descriptive memorandum, created a management presentation, marketed the Company to a broad group of financial and strategic acquirers, coordinated due diligence, drove a competitive auction process, coordinated the development of a transition services agreement and negotiated key elements of the definitive purchase agreement.
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