M&A Deal Summary

Avita Acquires Advantage Healthcare Services - Two HIV-Focused Pharmacies

On February 3, 2022, Avita acquired life science company Advantage Healthcare Services - Two HIV-Focused Pharmacies from Advantage Healthcare Services

Acquisition Highlights
  • This is Avita’s 4th transaction in the Life Science sector.
  • This is Avita’s 5th transaction in the United States.
  • This is Avita’s 1st transaction in California.

M&A Deal Summary
Date 2022-02-03
Target Advantage Healthcare Services - Two HIV-Focused Pharmacies
Sector Life Science
Buyer(s) Avita
Sellers(s) Advantage Healthcare Services
Deal Type Divestiture

Target

Advantage Healthcare Services - Two HIV-Focused Pharmacies

Garden Grove, California, United States
Two California HIV-Focused Pharmacies serve over 5,000 patients and nearly 2,000 HIV lives across 300+ provider network locations and nine Covered Entity partners.

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Buyer(S) 1

Buyer

Avita

Plano, Texas, United States

website

Category Company
Founded 2003
Sector Life Science
DESCRIPTION

Avita is a specialized pharmacy which dispenses and delivers prescription medications for patients with certain chronic diseases. Avita also provides extensive patient data to the caregivers, prescribing physicians and community based organizations to assist with monitoring patient adherence. Avita was founded in 2003 and is based in Plano, Texas.

DEAL STATS #
Overall 5 of 6
Sector (Life Science) 4 of 4
Type (Divestiture) 1 of 2
State (California) 1 of 1
Country (United States) 5 of 6
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-08 Paramount

Melville, New York, United States

Paramount is a provider of pharmacy solutions primarily for Covered Entities throughout New York. Paramount Specialty Pharmacy is based in Melville, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-05 AbsoluteCare Atlanta

Atlanta, Georgia, United States

AbsoluteCare Atlanta has offered comprehensive primary care and pharmacy services to the LGBTQ+ community. An HIV Center of Excellence, it serves more than 5,500 individuals, providing clinical care and life services to its patient base.

Buy -

Seller(S) 1

SELLER

Advantage Healthcare Services

Garden Grove, California, United States

website

Category Company
Sector Healthcare Services
DESCRIPTION

Advantage Healthcare Services is an independently operated Specialty Pharmacy. The company approach encompasses both the medical and the emotional support that can take a patient on the journey from medical application to improved lifestyle and wellness. Advantage Healthcare Services is based in Garden Grove, California.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
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