Galen Partners, a healthcare-focused growth equity investment firm, announced today that its portfolio company, SMP Pharmacy Solutions, has completed an acquisition of Northridge Plaza Pharmacy (NPP), a well-known and trusted entity among fertility clinics in California. The acquisition advances SMP’s strategic expansion plan to enhance its local presence in the West Coast region, where demand for support of the growing fertility market is amongst the highest in the U.S. The financial terms of the transaction have not been disclosed.
“We are excited about the prospect of building upon SMP’s high-touch pharmacy platform in California’s high demand geography,” said Philip Borden, Managing Director at Galen Partners. “Founder & CEO Armando Bardisa and the rest of the SMP team have done a fantastic job of positioning SMP for future growth within fertility and other complex therapeutic areas through the Northridge add-on acquisition.”
Armando Bardisa, SMP’s Founder and CEO, stated, “We are excited to extend SMP’s white-glove services to the West Coast. This signifies a major step in our mission to provide industry-leading services throughout the nation.” SMP will provide a host of differentiated services to clinics and patients that include personalized care, superior support, and a robust technology platform.
Source: BioSpace
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