Waud Capital Partners, (“WCP”) today announced that its portfolio company, CarePoint Partners (“CarePoint”), has acquired Total Health Services, Inc. (“Total Health”) of Clarksburg, West Virginia. Total Health is a leading provider for various in-home infusion therapies including antibiotic, enteral and intravenous immunoglobin. Total Health is accredited by The Joint Commission.
“Total Health Services brings to CPP a long standing reputation and state-wide coverage in West Virginia and surrounding states. The addition of Total Health to our team will provide extensive clout for us in the West Virginia market and an excellent team of dedicated professionals. We are pleased to have them join the CarePoint family,” said Dana Soper, CarePoint’s CEO. Matt Clary, Partner at Waud Capital Partners, added, “Total Health is a great fit with CarePoint’s growing portfolio of infusion locations and strengthens the Company’s existing presence in the West Virginia market.” Stephen McDaniel, Founder and President of Total Health, commented, “We are very excited to be joining the CarePoint Partners Team. They are quickly becoming an Industry leader. This merger will allow us to continue our mission of providing excellent patient care and will afford us the opportunity to expand beyond the borders of West Virginia.”
About CarePoint Partners
Dana Soper, CarePoint’s CEO, teamed with Waud Capital Partners to form CarePoint Partners, LLC (“CarePoint”) to acquire or develop and operate a network of infusion and specialty pharmacies in North America. Infusion pharmacy therapy involves the administration of medications and nutrients using intravenous (into the bloodstream), subcutaneous (under the skin) and epidural methods (into the membranes surrounding the spinal cord). Unlike pillform medications, infused medicines require patient-specific mixing, special preparation, supervised administration and patient monitoring. Home therapy allows patients to receive IV medications without the inconvenience or cost of a hospital visit. Specialty pharmacy services require less direct clinical interaction than home infusion, but still require patient monitoring, patient education and training for the administration of specialized pharmaceuticals, biopharmaceuticals and related services.
About Waud Capital Partners
Waud Capital Partners is a private equity investment firm founded in 1993 that partners with exceptional management teams to invest in middle market growth equity investments, buyouts, industry consolidations and recapitalizations. The firm seeks to invest $10 million to $100 million in private companies in the following four areas: healthcare services, business and consumer services, specialty distribution and value-added industrial businesses. Typically, the companies in which WCP invests have enterprise values between $30 million and $300 million.