The Vistria Group, LP have acquired BioCare, Inc., a specialty pharmaceutical distribution partner that provides distribution, specialty pharmacy and logistics services. This represents the first investment from Vistria Fund IV, LP, a $2.68 billion fund.

BioCare, Inc. encompasses BioCareSD, a specialty distributor of life-saving therapies, LogiCare3PL, a national provider of time and temperature sensitive pharmaceutical logistics services and CanyonCareRX, a full service specialty pharmacy.

“We believe BioCare is well positioned to become the leading specialty distribution partner in the industry,” said Jon Maschmeyer, senior partner at The Vistria Group. “We are excited to partner with Linda and the rest of the BioCare team in its next phase of growth.”

“BioCare is a great fit with The Vistria Group portfolio and we look forward to supporting the BioCare team to scale the business both organically and through acquisitions,” added Natasha Latif, principal at The Vistria Group.

Stifel served as the advisor to BioCare.