WindRose Well being Buyers Provides to Behavioral Centered Pharmacy Platform

Brings Collectively Ganse Apothecary and Terrapin Pharmacy  

NEW YORK, July 14, 2022 /PRNewswire/ — WindRose Well being Buyers, LLC, the New York-based healthcare personal fairness agency, at the moment introduced that it has accomplished the acquisition of Ganse Apothecary. By way of a merger with Terrapin Pharmacy, an present WindRose portfolio firm, the corporate expands its footprint in Pennsylvania, creating a number one behavioral well being pharmacy platform within the Mid-Atlantic. Phrases of the transaction weren’t disclosed.

Terrapin Pharmacy is a closed-door specialised pharmacy based mostly in Annapolis, Maryland, that serves sufferers via value-added distribution relationships with community-based behavioral well being and long-term care services throughout Maryland, Pennsylvania, New Jersey, Virginia, and the District of Columbia. WindRose recapitalized Terrapin Pharmacy in December 2021. 

Ganse is a Lancaster, Pennsylvania-based closed-door long-term care and specialty pharmacy that gives value-added distribution companies to sufferers affected by extreme and protracted psychological sickness and mental and developmental disabilities (IDD).

The merger considerably expands the footprint of each companies and positions the mixed group for progress in present and new markets, in addition to extra traces of companies and companies. Presently, Terrapin and Ganse serve roughly 7,500 sufferers throughout 4 states.

“We’re thrilled for the way forward for the mixed enterprise and are excited to companion with such a well-respected supplier as Ganse,” mentioned Mark Peterson, Govt Chairman of Terrapin’s Board of Administrators. “Ganse’s lengthy historical past of offering prime quality, value-added pharmacy companies to this inhabitants aligns completely with Terrapin and our core mission.”

Greg Ganse, CEO and President of Ganse, will assume a management position at Terrapin and assist drive the expansion technique of integrating the complementary choices of Ganse and Terrapin.

“We’re extremely excited to companion with Terrapin Pharmacy,” mentioned Mr. Ganse. “It was vital for us to discover a companion that shared the values and rules on which Ganse was based over 50 years in the past. I am assured we now have discovered that in Terrapin and that the mixed firm’s sufferers will proceed to obtain the high-quality care they deserve.”

“With the mix of Terrapin and Ganse, and the deep area experience, relationships and sources of WindRose, we’re well-positioned to succeed in extra individuals with pharmacy companies that may make an enormous distinction of their lives,” Mr. Peterson mentioned.

Provident Healthcare Companions acted as monetary advisor to Ganse. Latham & Watkins LLP acted as authorized advisor to WindRose, and Troutman Pepper acted as authorized advisor to Ganse.

About Ganse Apothecary

Ganse Apothecary is a URAC accredited specialty, long-term care, and retail pharmacy positioned in Lancaster, Pennsylvania. The group gives pharmacy companies to people with severe and protracted psychological sickness, substance use problems, and mental and developmental disabilities, the organizations that help them, and to most people as nicely.

For extra data, please go to www.ganseapothecary.com.

About Terrapin Pharmacy

Terrapin Pharmacy is a closed-door specialised pharmacy that primarily serves people recognized with extreme and protracted psychological diseases within the Mid-Atlantic area. The Firm serves this inhabitants via high-touch distribution relationships with community-based behavioral well being businesses and long-term care services, enabling improved treatment adherence and care administration for advanced and expensive affected person populations.

For extra data, please go to www.terrapinpharmacy.com.

About WindRose

WindRose Well being Buyers, LLC (“WindRose”) makes fairness investments in corporations that function inside the companies sectors of the healthcare business. The agency focuses on corporations with worthwhile enterprise fashions and a demonstrated capability to ship cost-effective options. WindRose is predicated in New York Metropolis and invests in corporations all through america.

For extra data, please electronic mail WindRose at [email protected]

Contact:

Greg Ganse 


Ganse Apothecary, 717-587-6586


Christy Rosado


Terrapin Pharmacy, 412-804-8021

SOURCE WindRose Well being Buyers, LLC

WindRose Well being Buyers Provides to Behavioral Centered Pharmacy Platform

https://www.prnewswire.com/news-releases/windrose-health-investors-adds-to-behavioral-focused-pharmacy-platform-301587028.html