On June 17, an article published by The Deal quoted health care partner Deborah Gersh (Chicago) on the growing trend where more private equity firms and strategics are collaborating to acquire companies in the health care sector as each party recognizes the benefits the other brings to the table.
Discussing the deal between Walgreens Infusion Services and Chicago-based private equity firm Madison Dearborn Partners in 2015, Ms. Gersh “described the logic behind the Walgreens Infusion JV as driven by added sophistication, a better ability to gain efficiencies of scale, capital purposes, the ability to centralize operations and retaining the experience of many former Walgreens specialty pharmacy administrative personnel, among other things.”
She went on to note that “[Madison Dearborn] saw [Walgreens Infusion Services] as an opportunity to really be able to do two things----allow Walgreens to focus on its core business and to allow MDP to bring its management experience, healthcare background and executive team to help bring these mom-and-pops together in a more unified way.”
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