Deal Details

Sale to Nautic Partners

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Summary

About

Nautic Partners, LLC (“Nautic”) has partnered with management to invest in and recapitalize ExactCare Pharmacy, LLC (“ExactCare”).

ExactCare is a leading pharmacy focused on improving medication adherence for patients with chronic conditions taking multiple medications. Dispensing 2 million prescriptions and serving 20,000 patients annually, ExactCare works with health insurers, home health agencies, and health systems to help at-home patients on multiple medications with medication adherence. ExactCare provides a high-touch care model, including in-home patient assessments, consistent communication with patients and prescribers to track patients’ medication changes, and innovative packaging to simplify daily medication adherence. ExactCare operates two pharmacies in Ohio and New Jersey and is licensed across 49 states nationwide. Since its founding, ExactCare has grown rapidly as payers and providers increasingly look to ExactCare as a trusted partner in helping manage their most complex at-home patients. ExactCare was founded by Dale Wollschleger in 2009 and is headquartered in Cleveland, Ohio.

Nautic is a middle-market private equity firm that focuses on three industries: healthcare, industrial products, and outsourced services. Nautic has completed over 120 platform transactions throughout its 30-year history. Nautic’s strategy is to partner with management teams to accelerate the growth trajectory of its portfolio companies via add-on acquisitions, targeted operating initiatives, and increased management team depth. Nautic is headquartered in Providence, Rhode Island.

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