Infusion provider enters Houston market
CHICAGO - Home infusion provider CarePoint Partners acquired ivA Lifetec, it was announced Monday.
The acquisition allows the Cincinnati-based CarePoint to expand its presence in Texas.
"CarePoint is excited to enter the Houston market, which represents an important step toward our goal of providing high-quality infusion therapy services in Texas state-wide," said Dana Soper, CarePoint's Chief Executive Officer, in a release. "We now serve the two largest markets in Texas, covering approximately half of the state's population."
Lifetec will continue to operate under its own name, and maintain its current staff, according to the release.
CarePoint Partners--a portfolio company of Waud Capital Partners--was formed in 2007 to acquire and develop a network of home infusion and specialty pharmacies. CarePoint currently operates 17 locations in eight states. Lifetec is the company's 10th acquisition.
Terms of the deal were not disclosed.