Greater Boston Long Term Care Pharmacy Acquired by Tarrytown Expocare

Deal News | Jan 13, 2025 | EIN

Greater Boston Long Term Care Pharmacy Acquired by Tarrytown Expocare

In a significant healthcare M&A transaction, Greater Boston Long Term Care Pharmacy, a provider of pharmacy services to community-based group homes and assisted living facilities in Massachusetts, has been acquired by Tarrytown Expocare Pharmacy. Tarrytown Expocare, a leader in Intellectual Developmental Disabilities and Behavioral Health long-term care pharmacy services with a presence in 31 states, finalized the acquisition in Q4 2024. The sale was facilitated by M&A Healthcare Advisors (MAHA), a boutique investment bank that specializes in healthcare transactions, marking their first deal as registered agents of a broker-dealer. MAHA played a crucial role in navigating the regulatory complexities of the deal and fostering strong collaboration between the leadership teams of the two organizations. Mike Moran, Managing Director of MAHA, highlighted the importance of aligning values between the buyer and seller during the process. The acquisition reflects Tarrytown Expocare's commitment to providing high-quality pharmacy services across the United States.

Sectors

  • Healthcare
  • Mergers and Acquisitions (M&A)

Geography

  • United States – The acquiring company, Tarrytown Expocare Pharmacy, operates in multiple states, and the acquired company, Greater Boston Long Term Care Pharmacy, is based in Massachusetts, USA.
  • Massachusetts – The target company, Greater Boston Long Term Care Pharmacy, provides services in the state of Massachusetts.

Industry

  • Healthcare – The article revolves around the acquisition of a healthcare company, particularly in the long-term care pharmacy sector.
  • Mergers and Acquisitions (M&A) – The core topic of the article is an M&A transaction in the healthcare sector.

Financials

    Participants

    NameRoleTypeDescription
    Greater Boston Long Term Care PharmacyTargetCompanyA leading provider of pharmacy services to community-based group homes and assisted living facilities in Massachusetts.
    Tarrytown Expocare PharmacyBuyerCompanyThe country's leading provider of Intellectual Developmental Disabilities and Behavioral Health long-term care pharmacy services.
    M&A Healthcare Advisors (MAHA)Sell-Side AdvisorCompanyA boutique investment bank focused on the healthcare industry, providing advisory services for M&A transactions.
    Mike MoranManaging DirectorPersonManaged the transaction for MAHA, contributing to its success.
    Mike AbudSenior AssociatePersonPart of the advisory team at MAHA in the transaction.
    Mike WessenbergCEOPersonCEO of Greater Boston Long Term Care Pharmacy.