Avita Care Solutions Further Expands into Texas Market with Acquisition of Three San Antonio Specialty Pharmacies
February 21, 2023
National health care services organization extends its commitment to providing inclusive, compassionate HIV care and prevention services
Plano, TX – Avita Care Solutions (“Avita” or the “Company”), a national health care services organization committed to providing comprehensive, compassionate, and inclusive health care solutions to underserved communities, has acquired three San Antonio, Texas-based specialty pharmacies. While Avita has proudly served patients in the San Antonio area for more than 10 years, the purchase of Lifecare Pharmacy’s Laurel Heights, Pavilion, and Empire locations doubles Avita’s presence in the area. The transaction represents Kinderhook’s 77th healthcare-related transaction. The terms of the transaction were not disclosed.
Acquiring the three Lifecare locations broadens Avita’s ability to offer compassionate, comprehensive, and culturally competent LGBTQ+, HIV, PrEP, and sexual wellness care to its San Antonio patients and covered entity partners. “For over 50 years, our legacy network of more than 65 pharmacies nationwide has operated with a singular dedication to personalized patient experience,” says Avita CEO Michael Yount. “Welcoming the new San Antonio pharmacies to the Avita family symbolizes our allegiance to the community and the concept of health care as a human right.”
“Coming off of a strong 2022, the Avita team has carried that momentum into a strong start in 2023,” says Chris Michalik, Kinderhook Managing Director. “We are excited to see Avita expand both its footprint and its suite of services offered to its patients and covered entity partners.”
“Lifecare represents Avita’s seventh acquisition since 2019,” says Matt Bubis, Kinderhook Principal. “We continue to be impressed by the management team’s ability to execute on M&A and integration while simultaneously growing the Company’s care offerings and providing first-class patient service.”
2023 has already been a year of transformative growth for Avita, which acquired Q Care Plus, a community-focused care management solution that offers stigma-free access to telehealth, in early January. That initiative followed on the heels of the formation of AvitaCare Atlanta, the organization’s new Atlanta medical and primary care center and pharmacy.
Kirkland & Ellis and Epstein Becker Green served as legal counsel to Avita.
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