“My goal is to multiply the size of this business by leveraging the Apothecare model to expand in new markets, and I realized I needed a partner to help me,” said Rudy Dajie, CEO of Apothecare. “We believe with our assistance and access to capital Rudy can continue to grow the business rapidly in Massachusetts and throughout New England.” and Management “Rudy Dajie acquired Apothecare in 2012 when it was a sleepy long-term care pharmacy and transformed it into the largest, most highly respected institutional pharmacy serving the IDD community in Massachusetts,” said Bill Case, Partner of Clearview Capital. Mercadante brings significant experience in the institutional pharmacy sector as both a pharmacist and former CEO of several relevant businesses including MedOptions, Partners Pharmacy, NuScriptRX and Familymeds Group. In addition, Ed Mercadante has made an investment in the Company and been has been recapitalized by named to its board of directors. Dajie will continue to lead Apothecare as its CEO and retain a significant ownership interest in the business. The Company serves more than 6,000 patients in more than 700 group homes and other settings across the state.Ĭlearview Capital Fund III, LP and Starboard partnered with the Company’s CEO and owner, Rudy Dajie, Brockton, MA to recapitalize the business and provide additional capital to support the Company’s organic and acquisition growth initiatives. The Company’s unique high touch service model, which includes multiple daily delivery capabilities, automated cycle filling, as well as on-site support and training for clients’ staff, provides significant value to clients and payors by ensuring the highest level of medication management compliance. The Company’s primary patient base, which includes individuals with intellectual and developmental disabilities (“IDD”), has complex medication requirements and is located in July 2018 highly distributed community-based settings. Headquartered in Brockton, MA, Apothecare is a rapidly growing institutional pharmacy targeting the behavioral health sector in group homes and community-based settings in Massachusetts. Stamford, CT, JClearview Capital Fund III, LP and Starboard Capital Partners, LLC (“Starboard”) announced today the recapitalization, in partnership with management, of Apothecare Pharmacy, LLC (“Apothecare” or the “Company”). Clearview Capital and Starboard Capital Partners have recapitalized Apothecare Pharmacy LLC, a growing institutional pharmacy targeting the behavioral health sector in group homes and community-based settings in Massachusetts.
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