MHA is the largest provider of contract purchasing services to long-term care (“LTC”) pharmacies. Additionally, the Company offers a variety of services to pharmaceutical manufacturers selling to the LTC industry, including contract administration, marketing, and continuing education.
In addition to its core LTC pharmacy business, MHA also provides traditional Group Purchasing Organization (“GPO”) services to home infusion, home health care, acute care, laboratory and alternate site locations.
MHA is one of the largest privately held GPOs in the United States and maintains long-standing relationships with virtually every major pharmaceutical manufacturer and wholesaler. MHA currently has contract agreements with more than 150 pharmaceutical supply partners. MHA was created in 1989 and has grown to be the market leader in the LTC space.
In August 2004, York Street committed to a $45MM senior subordinated note facility to support the acquisition of MHA, led by GTCR Golder Rauner, and to provide capital for additional acquisitions. At closing, $22.1MM of this facility was funded.
York Street also committed $3MM of preferred and common equity to support the transaction, of which $1.3MM was invested at close.
GTCR: http://www.gtcr.com
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