PHOENIX and PITTSBURGH—StateServ, a provider of durable medical equipment (DME) benefit management solutions to the post-acute care market in the United States, has completed its acquisition of Delta Care Rx (Delta Care), a national pharmaceutical care provider. Delta Care offers integrated pharmacy benefit management, mail-order prescription, sterile/non-sterile compounding and clinical pharmacist consulting to the hospice and palliative care markets. Terms of the transaction were not disclosed.
The combination forms a care-at-home data, technology and service platform and a scaled DME and pharmacy solution. The combined company said it will further support 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. For many years, Delta Care has prioritized quality, reliability and transparency throughout its organization, delivering innovative solutions to its loyal client base," said Paul DiCosmo, CEO and Co-Founder of StateServ. "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 entirety of the Delta Care leadership team.
"Hospice providers are facing a dramatically changing operating environment, with a multitude of cost pressures forcing them to constantly evaluate how to deliver quality care while managing overall spend," said Drew Mihalyo. "We are looking forward to partnering with a market-leading organization like StateServ and leveraging our highly experienced and forward-thinking team to optimize pharmacy and DME spend, create more efficient workflows and help our clients provide the best care possible to their patients."
"The next chapter for StateServ and Delta Care will transform the care-at-home market for DME and Pharmacy across the United States," DiCosmo said.
TripleTree, LLC 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.
