PROVIDENCE – Nautic Partners LLC this month expanded its investment in health care by partnering with management to acquire QoL meds, LLC, a specialty pharmacy serving the mental health community.
Founded in 2000 and headquartered in Pittsburgh, QoL operates 87 specialty pharmacies across the country. Dispensing more than 2 million prescriptions and serving more than 50,000 patients annually, QoL partners with mental-health centers.
Besides medication dispensing, QoL offers medication assistance and monitoring, outcomes and adherence reporting, customized packaging, patient education, assistance with reimbursement and other services, according to Nautic.
“QoL’s business model and approach to the delivery of care appropriately balances all constituents of health care, which is a critical component of our health care investing model at Nautic,” Chris Crosby, managing director of Nautic, said in a news release. A company spokesman last week said terms of the deal were not disclosed.
QoL is Nautic Partners’ 14th investment from its most recent fund, Nautic Partners VI LP. Other Nautic health care investments include: American Imaging Management, AXIA Health Management, Genova Diagnostics, Healthcare Payment Specialists, Medegen, Reliant Hospital Partners, Superior Vision and Theorem Clinical Research. •