Millennium Pharmacy Raises $40 Million

Millennium Pharmacy Systems, a Wexford, Pa.-based provider of contract pharmacy services, has raised $40 million in new VC funding. Essex Woodlands Health Ventures led the deal, and was joined by Ascension Health Ventures, Essex Woodlands operating partner Steve Wiggins and return backers CHL Medical Partners, Boulder Ventures and undisclosed angels. VentureWire quotes Millennium CEO Gary Duty as saying that the round gives his company a 30% higher valuation than when it raised a $15 million round in September 2005, but it is unclear if he’s talking pre-money or post-money. That round came with a post-money of around $29.1 million, according to Thomson Financial. Millennium has now raised over $60 million in venture funding since its 2001 inception.