Earlier this week we sent a Report on Walmart opening twenty-five specialty pharmacies. That was about organic growth. Today we are reporting on the changing hands of a long-established specialty pharmacy, BioMatrix Specialty Infusion Pharmacy…. which is likely to also be a story about growth.
Headquartered in Plantation, Florida, BioMatrix was formed in 2015 through the merger of Matrix Health Group and BiologicTx, two specialty pharmacy companies. With a network of seven pharmacies, the Company became a leading provider for patients with blood disorders, organ transplants and other chronic and acute diseases and conditions.
In 2016, BioMatrix was acquired by Acon Investments leading to carving out low-margin oral therapies in favor of pursuing higher-margin infused therapies in opportune growth categories. Unlike more recent transactions, Acon sold its investment position in BioMatrix to another investment firm, Frazier Healthcare Partners. It will be interesting to see what the next iteration of BioMatrix will look like in the next years.
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