Harvest Partners has sold AxelaCare Health Solutions to OptumRx. No financial terms were disclosed. Based in Lenexa, Kansas, AxelaCare is a provider of specialty home infusion services.
NEW YORK, NY – November 17, 2015 – Harvest Partners, LP (“Harvest”), a New York-based private equity firm, announced today it has completed the sale of AxelaCare Health Solutions to OptumRx, the pharmacy care services business of Optum. Terms of the transaction were not disclosed. Harvest initially invested in the company in April 2013.
AxelaCare is a leading national provider of specialty home infusion services based in Lenexa, Kansas. The company currently treats patients in 44 states and Washington, D.C. through its network of owned and contracted RNs. The company offers chronic drug therapies for conditions such as autoimmune disease and hemophilia as well as acute infusion therapies, such as antibiotics and total parenteral nutrition, through its network of 34 pharmacies.
AxelaCare CEO Ted Kramm and President Kathee Kramm said, “Harvest has been an exceptionally supportive partner, delivering valuable financial and operational guidance that leave us well positioned as we move into our next phase of growth.”
Founded in 2008, AxelaCare is a leading high-growth technology-enabled provider of home infusion services for chronic and acute conditions. The Company, based in Lenexa, Kansas, is the fifth largest and one of the fastest growing national providers of immune globulin (IG) treatment, supported by its patient-centric approach and clinical leadership. AxelaCare has leveraged its expertise to develop CareLogix, an innovative and proprietary outcomes technology to assess the impact of IG treatment, which helps optimize therapy management for patients and provides value to practitioners, insurers and manufacturers.
About Harvest Partners
Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services and consumer, healthcare services, industrial services, and manufacturing and distribution sectors. This strategy leverages Harvest Partners’ 35 years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.