Divestiture • Healthcare Services

Genoa Healthcare Acquires Advanced Care Pharmacy Services - Behavioral Health & Residential Care Services

On August 18, 2016, Genoa Healthcare acquired healthcare services company Advanced Care Pharmacy Services - Behavioral Health & Residential Care Services from Advanced Care Provider Network

Acquisition Context
  • This is Genoa Healthcare’s 3rd transaction in the Healthcare Services sector.
  • This is Genoa Healthcare’s 4th transaction in the United States.
  • This is Genoa Healthcare’s 1st transaction in Michigan.

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M&A Deal Summary

Date August 18, 2016
Target Advanced Care Pharmacy Services - Behavioral Health & Residential Care Services
Sector Healthcare Services
Buyer(s) Genoa Healthcare
Sellers(s) Advanced Care Provider Network
Deal Type Divestiture

Target Company

Advanced Care Pharmacy Services - Behavioral Health & Residential Care Services

Shelby, Michigan, United States
Advanced Care Pharmacy Services - Behavioral Health & Residential Care Services is a provider of healthcare services.
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Buyer Overview 1

Buyer

Genoa Healthcare

Tukwila, Washington, United States

Category Company
Founded 2002
Sector Healthcare Services
DESCRIPTION

Genoa Healthcare LLC is a behavioral health specialty pharmacy company. Dedicated to serving the needs of those in the behavioral health and addiction treatment communities, and others who have complex, chronic health conditions, Genoa Healthcare is the largest provider of pharmacy, outpatient telepsychiatry and medication management services


Deal Context for Buyer #
Overall 4 of 6
Sector: Healthcare Services 3 of 4
Type: Divestiture 1 of 1
State: Michigan 1 of 1
Country: United States 4 of 6
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-04 1DocWay

Chesterfield, Missouri, United States

1DocWay, Inc. is an outpatient telepsychiatry provider that offers a simple, easy-to-use platform to connect mental health providers and patients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-04 Advanced Pharmacy Solutions

Olympia, Washington, United States

Advanced Pharmacy Solutions LLC is a provider of healthcare services in US.

Buy -

Seller Profile 1

SELLER

Advanced Care Provider Network

Shelby, Michigan, United States

Category Company
Sector Healthcare Services
DESCRIPTION

Advanced Care Provider Network (Advanced Care Pharmacy Services) is a provider of specialized pharmacy services in a variety of care settings for more than 25 years. The Advanced Care Pharmacy Services network of pharmacies provides comprehensive services to community mental health consumers and residential care patients across Michigan.


Deal Context for Seller #
Overall 1 of 1
Sector: Healthcare Services 1 of 1
Type: Divestiture 1 of 1
State: Michigan 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1