PITTSBURGH (March 10, 2016)—PromptCare, a leading regional provider of specialty respiratory products and infusion therapy services, announced it recently acquired Boston Home Infusion (BHI), located in Stoughton, MA. Since 1992, BHI has provided home infusion therapies throughout the greater Boston area. The acquisition expands PromptCare's current respiratory services to include their leading home infusion programs throughout the greater Boston area.
The Braff Group served as the exclusive mergers and acquisitions advisor to Boston Home Infusion.
"BHI enjoys an excellent reputation in the delivery of home infusion therapies. This acquisition offers us an ideal platform for launching our disease focused infusion programs as a complement to their current range of therapy offerings," said PromptCare's President and Chief Executive Officer Tom Voorhees. He added, "It is also a natural extension of our strong presence in complex respiratory and nutritional support already in this area. We believe there will be a seamless integration of the teams, providing the same excellent and dedicated service to all our patients."
"Joining PromptCare provides a great opportunity for continuing our growth with existing and new customers. We are particularly pleased that PromptCare has the same high priority of providing exceptional patient care to improve the lives of patients in their homes as we have," said Cheryl Terry, President of Boston Home Infusion. She added, "Their innovative cardiac care, nutritional and ventilator programs will enhance the services we provide. It's a great fit for BHI, our employees and patients."
"Acquisitions are often the only practical route companies can take to enter certain geography," commented Reg Blackburn, The Braff Group Managing Director for pharmacy services that headed up the team representing Boston Home Infusion. "With not-for-profits and hospital systems having a near stranglehold on the greater Boston health care market, the acquisition of BHI was a particularly attractive alternative to a de novo start-up that would face a steep uphill climb to siphon referrals from otherwise well-established relationships."
Visit promptcare.net and bostonhomeinfusion.com for more information.
