Current Investment-FUND III
Acquisition date: July 17, 2018
Disposition date: Current Holding
Rapidly growing institutional pharmacy targeting the behavioral health sector in group homes and community-based settings
Apothecare Pharmacy, LLC (“Apothecare”) is a rapidly growing institutional pharmacy targeting the behavioral health sector in group homes and community-based settings in Massachusetts. The company serves more than 6,000 patients in more than 700 group homes and other settings across the state.
The investment by Clearview and Starboard Capital Partners allowed the company's CEO and owner to recapitalize the business and provides additional capital to support the company’s organic and acquisition growth initiatives.
The transaction closed on July 17, 2018. Clearview invested equity from Clearview Capital Fund III, LP and senior debt was provided by Silicon Valley Bank.