West Deptford-based Enclara Health LLC announced Monday that it has purchased excelleRX Inc., which does business as Hospice Pharmacia, and PBM Holding Company Inc. The purchase was made in partnership with New York-based Consonance Capital Partners.
Enclara, a hospice-specialty pharmacy services provider, said in a news release that it will now service about 475 hospice providers and 84,000 patients per day nationwide, through both mail order and a local pharmacy benefit manager network.
"We believe the combination of Enclara and Hospice Pharmacia and PBM Plus will provide a compelling service and technology platform for the hospice provider community,” Andy Horowitz, CEO of Enclara, said in the release. “We have always strived to provide our hospice partners with exceptional clinical expertise, customer service, and the tools necessary to best manage their patients' pharmaceutical needs. Enclara's ability to be forward thinking has allowed us get in front of many of the challenges facing the industry today. We are very excited to leverage the best practices of each company to further enhance our offering."
Terms of the deal were not disclosed.
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