StateServ buys pharmacy PBM 

PHOENIX and PITTSBURGH – StateServ, a provider of DME benefit management solutions to the post-acute care market in the U.S., has acquired Delta Care Dx, a provider of integrated pharmacy benefit management, mail order prescription, sterile/non-sterile compounding and clinical pharmacist consulting to the hospice and palliative care markets, in a move that forms the industry's first scaled DME and pharmacy solution. 

The companies say their unique combination forms a leading care-at-home data, technology and service platform, supporting improved quality of care and operational efficiencies by managing DME and pharmacy together, consolidating workflows and reporting, and unlocking a new era of care-at-home innovation for the benefit of customers, network partners and patients. 

"We are thrilled to welcome the Delta Care team's pharmaceutical expertise to StateServ,” said Paul DiCosmo, CEO and Co-Founder of StateServ. “For many years, Delta Care has prioritized quality, reliability and transparency throughout its organization, delivering innovative solutions to its loyal client base. This is an important milestone for StateServ and for the entire industry. Our vision of the combined solution will include a significant investment in new technology to automate and streamline workflows, enabling better quality service and efficiency for our customers.” 

Delta Care's CEO Mary Mihalyo, PharmD, and President Drew Mihalyo, PharmD, will stay on as StateServ's chief clinical officer and president of pharmacy services, respectively, along with the entire Delta Care leadership team. 

Terms of the transaction were not disclosed. TripleTree acted as the financial advisor to StateServ. McDermott Will & Emery LLP acted as legal advisor to StateServ and Much Shelist, P.C. acted as legal advisor to Delta Care.