BGS Holdings, the parent company of BGS Pharmacy Partners, Inc. (BGS) of Grapevine, Texas announced today the acquisition of Spectrum Pharmacy Services, LLC (Spectrum) of Henderson, Nevada for an undisclosed sum.
BGS, a portfolio company of DW Healthcare Partners (DWHP) of Park City, Utah has previously acquired four pharmacies focused on the senior care marketplace in Colorado Springs, Colorado, Boise, Idaho, Ogden, Utah and Grapevine, Texas. By acquiring Spectrum, BGS is doubling its revenue in addition to extending its presence in the mountain west region
Steve Carlton, R.Ph., Spectrum’s founder commented, ‘BGS was the ideal partner for Spectrum and increases our access to capital for continued expansion’. Doug Schillinger, a director of BGS and managing director of DWHP stated, ‘we worked with BGS leadership to assess a number of partners, but Spectrums’ locale and market presence combined with their commitment to automated customer fulfillment provides a compelling addition to the BGS network’.
BGS Pharmacy Partners, Inc. is a national, specialty care pharmacy company based in Grapevine, Texas. BGS provides consulting, management and drug dispensing to the acute and sub-acute senior care residential market. BGS’ growth strategy is based on providing outstanding patient care and clinical expertise through its network of pharmacies.
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DW Healthcare Partners is a private equity firm focused exclusively on the healthcare industry. The firm manages over $800 million in committed capital and invests in profitable healthcare companies with proven management teams.
DW Healthcare Partners is led by seasoned healthcare executives with more than 110 years of combined industry experience. The firm provides the capital, strategic guidance, and acquisition expertise to help mid-to-late-stage companies realize their potential for growth.