InfuScience Inc. Acquires Palmetto Infusion Services

CHICAGO--(BUSINESS WIRE)--InfuScience Inc., a specialty infusion provider offering infusion therapy services and specialized clinical programs, today announces the acquisition of Palmetto Infusion Services, LLC, a South Carolina-based company providing in-home and ambulatory infusion center services. With this acquisition, InfuScience expands its infusion services network to eight U.S. markets that include: Miami, Jacksonville and Tampa, Florida; Minneapolis/St. Paul, Minnesota; Omaha, Nebraska; Chantilly, Virginia; and Charleston and Columbia, South Carolina.

“Palmetto Infusion Services is renowned in South Carolina for its exemplary specialty infusion services and ambulatory suite network, and we are proud to welcome them to the InfuScience team”

“Palmetto Infusion Services is renowned in South Carolina for its exemplary specialty infusion services and ambulatory suite network, and we are proud to welcome them to the InfuScience team,” said Christopher York, chief executive officer of InfuScience. “The acquisition of Palmetto Infusion allows InfuScience to expand our presence in the Southeast market and build a strategic regional platform that will ultimately help us serve a larger patient population.”

Palmetto Infusion Services was previously co-owned by Winyah Healthcare Group and a management group of Palmetto Infusion, led by B. Michael Busbee, chief executive officer.

“We welcome InfuScience as they bring additional high-quality infusion resources and support services that will expand and augment the existing range of premium services we provide to our customer base,” said Michael Busbee, who will remain as an advisor to Palmetto Infusion Services.

InfuScience was formed and funded in January 2006 by management and Thoma Cressey Bravo, a leading private equity firm with more than 27 years of experience in building successful companies and industry leaders through organic growth, operational improvements and strategic acquisitions.

“Thoma Cressey recognizes the need for experienced management and quality care in the specialty infusion marketplace and is committed to supporting InfuScience’s development into an industry leader,” said Bryan Cressey, managing partner at Thoma Cressey Bravo.

About InfuScience Inc.

Formed in January 2006 through a partnership with Thoma Cressey Equity Partners, InfuScience (www.infuscience.com) is focused on providing a better experience for their customers by maintaining high standards of infusion therapy, innovation and integrity within the industry. Prior to founding InfuScience, chief executive officer Christopher York and chief financial officer Thomas Komula jointly led a highly successful, national specialty infusion therapy provider. York has been the chief executive for Critical Care Systems, and chief operating officer for Coram Healthcare Corp. Komula has served as the CFO for Critical Care Systems, Alterra Healthcare Corp. and Medrehab Inc.

About Thoma Cressey Bravo

Thoma Cressey Bravo (www.tcb.com) is a leading private equity investment firm with more than 27 years of experience in building successful companies. Recognized nationally for pioneering the “buy and build” strategy, Thoma Cressey Bravo identifies high-potential industry sectors and partners with successful companies to build industry leaders through organic growth, operational improvements and strategic acquisitions. The firm currently manages almost $2 billion in equity capital and specializes in healthcare, software, business services and other consolidating industries, including education, distribution and consumer products. Thoma Cressey Bravo has been an active investor in the healthcare industry for more than two decades and has invested in almost every major healthcare segment and niche.

About Palmetto Infusion Services, LLC

Founded in 1999 and located in South Carolina, Palmetto Infusion Services provides a broad range of services, including infusion medications, supplies and teaching for home-based specialty infusion therapies. Palmetto also offers ambulatory infusion services at 17 facilities located throughout South Carolina.

About Winyah Health Care

Winyah Health Care Group (www.winyahcare.com), based in Pawleys Island, South Carolina, has been a leader in South Carolina health care since 1967. Winyah is known throughout the state as a provider of hospice care and institutional pharmacy services and is recognized throughout the southeast for its ability to grow and sell successful companies.