BelHealth Investment Partners has sold Aureus Health Services to Meijer. No financial terms were disclosed. Based in Pittsburgh, Aureus is a specialty pharmacy and health management company.
New York, NY – May 21, 2015 – BelHealth Investment Partners (“BelHealth”), a healthcare-focused private equity firm, announced the sale of Aureus Health Services (“Aureus” or the “Company”), a BelHealth portfolio company since December 2012, to Meijer, a leading grocer headquartered in Michigan.
Aureus has grown into a national specialty pharmacy and health management company with over 20 years of experience assisting patients, families, and medical professionals to cope with and treat a wide range of chronic health conditions. Aureus is headquartered in Pittsburgh, Pennsylvania, and operates facilities located in New York, New Jersey, Missouri, California and Pennsylvania.
Richard Friedman, Chairman of Aureus and BelHealth Operating Partner said, “We are very proud of what we accomplished at Aureus. The Company grew revenue 10x under our stewardship and has become a leading national provider of specialty pharmacy and Hub services. Our executive team, led by Michael Nameth, did an excellent job in executing the strategic plan and driving tremendous growth. Meijer, with its strong retail footprint and focus on customer service, is the perfect partner for Aureus.”
Harold S. Blue, BelHealth Founder and Managing Partner added, “Richard and Michael did a terrific job in taking Aureus from a New York based, local business, to a national specialty pharmacy and Hub services platform. During BelHealth’s ownership, Aureus completed two acquisitions that provided both geographic and disease state diversification. Aureus established a national Hub to service patients through grocery chains, group purchasing organizations, independent pharmacies and wholesalers. Aureus’ exceptional financial results led to outstanding investment returns for our limited partners.”
About Aureus Health Services
Aureus Health Services, a portfolio company of BelHealth Investment Partners, is a national specialty pharmacy and health management company with over 20 years of experience assisting patients, families, and medical professionals to cope with and treat a wide range of chronic health conditions. Aureus is headquartered in Pittsburgh, Pennsylvania, and operates facilities located in New York, New Jersey, Missouri, California and Pennsylvania.
About BelHealth Investment Partners
BelHealth Investment Partners, based in New York, is a healthcare private equity firm focused on lower middle market companies. BelHealth has a unique combination of investing, executive management and entrepreneurial experience, which it utilizes to achieve superior investment returns. BelHealth acquires majority positions in entrepreneur-owned companies we believe would benefit from our vast operating and private equity experience. The firm typically invests $20-40 million per platform company across three healthcare segments: Services, Products and Distribution. BelHealth has $500 million of assets under management.
For further information, please visit:
BelHealth Investment Partners: www.belhealth.com
Aureus Health Services: www.aureushealthservices.com