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FOR IMMEDIATE RELEASE
Leading Independent Provider of Specialty Pharmacy Services
December 13, 2006 – Charlotte, North Carolina – Carousel Capital announced today the acquisition of Axium Healthcare Pharmacy, Inc., a leading independent, nationwide provider of specialty pharmacy services. Headquartered in Lake Mary, Florida, Axium Healthcare Pharmacy provides comprehensive disease-management programs, as well as injectable and oral pharmaceutical treatments to meet the needs of patients with rare or chronic conditions. The company has established itself as a leader in managing patients on complex, high cost therapies such as those for Hepatitis C, Cancer, Rheumatoid Arthritis, Growth Hormone Deficiency and Multiple Sclerosis. Axium’s experienced patient care team of doctors of pharmacy, registered nurses, reimbursement specialists and dedicated patient care coordinators provide treatment protocols, patient education and ongoing clinical assessments and support throughout the course of patient treatment. In addition, Axium Tracker, the company’s proprietary data management system, captures, tracks and reports clinical data for referring physicians, health plans, manufacturers and other health care providers. As a result of delivering one-stop pharmacy solutions for managing complex therapies, Axium achieves improved outcomes.
Carousel is partnering with Axium’s senior management team, led by CEO Mark Montgomery, in acquiring the company from a group of individual investors.
“We are extremely excited about our new partnership with Carousel Capital and the growth opportunities that we are poised to achieve together in the future,” said Mark Montgomery, CEO of Axium. “Our commitment to providing comprehensive care and superior service to patients and clients will remain the same.”
“Mark and his management team have done a terrific job in building a leader in the specialty pharmacy sector,” said Charles S. Grigg, Partner of Carousel Capital. “We look forward to helping them achieve their vision of growth without sacrificing the superior healthcare outcomes that have been the cornerstone of their success.”
Carousel Capital funded the transaction with equity from its third investment fund, Carousel Capital Partners III. Allied Capital Corporation provided the financing for the transaction.
About Carousel Capital
Carousel Capital is a private investment firm that invests in companies located in the Southeastern United States. Carousel’s investor base includes institutional investors and an elite group of more than 60 current and former CEOs with significant operating experience. Since its inception, Carousel has invested in 23 companies primarily in three targeted growth sectors: business services; consumer products and services; and healthcare services.
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