ExactCare Pharmacy Announces Sale of Minority Interest to Primus Capital

CLEVELAND (November 20, 2014) – ExactCare® Pharmacy completed the sale Jan. 31, 2014, of a minority share of the company to Primus Capital. The terms of the transaction were not disclosed.

ExactCare is a leading pharmacy provider that specializes in the management of patients requiring multiple medications. ExactCare offers comprehensive pharmacy services, which include the ExactPack® custom packaging system, individual patient assessment, medication reconciliation, medication therapy management and no-cost home delivery. This unique, clinically-focused pharmacy service model simplifies medication administration and helps patients achieve appropriate adherence to complex medication regimens. Effective medication management is of critical importance to patients, caregivers, health care providers and health insurance providers.

“We are excited to partner with Primus as we enter this next phase of our business development,” said Dale Wollschleger, founder and CEO of ExactCare. “They bring significant business knowledge and experience that will help us to effectively and profitably navigate our growth.”

“We are very impressed with ExactCare’s novel and innovative pharmacy model, which provides a number of critical solutions to the myriad pharmacy and medication management challenges that adversely impact both the quality and cost of care. We are particularly excited about the company’s growth prospects, as the entire health care industry is adjusting to the many health care legislative and regulatory changes driven by the Patient Protection and Affordable Care Act. We are confident that our partnership with ExactCare will enhance its position as a market leader and fuel growth and innovation,” said Phil Molner, Managing Partner of Primus.

About ExactCare Pharmacy

ExactCare is a privately held pharmacy provider that specializes in the post-acute care management of patients requiring multiple medications. ExactCare is a leading pharmacy provider that specializes in the management of patients requiring multiple medications. ExactCare offers comprehensive home pharmacy services that include the ExactPack™ custom packaging system, individual patient assessment and medication reconciliation, medication therapy management, and free home delivery. This unique, clinically-focused pharmacy service model simplifies medication administration and helps patients achieve appropriate adherence to complex medication regimens. Effective medication management and adherence to therapy is associated with improved clinical outcomes, lower overall cost of care and most importantly, improved patient quality of life.