Private equity-backed Modern Healthcare has acquired Total Life Care RX Pharmacy LLC and Legacy RX Holdings LLC. Terms of the deals were not disclosed.

New Orleans-based Total Life and Orlando, Fla.-based Legacy are both specialty pharmacies.

The deals will expand Modern Healthcare's geographic presence and disease coverage. Modern Healthcare, headquartered in Monrovia, Calif., says it will more than double in size. The company, also a specialty pharmacy, serves patients with complex pharmaceutical therapies, including HIV, cystic fibrosis, transplants, Hepatitis C and multiple sclerosis.

San Francisco private equity firm Altamont Capital Partners bought Modern Healthcare in 2012. The firm focuses on middle market businesses in the financial services, business services, consumer goods and retail, industrial and health care sectors.

Cain Brothers & Co. LLC and RTW Specialty Management Group Inc. acted as financial and strategic advisers to Total Life.

For more on health care, see "ACA Reshuffles the Deck." 

 

Financial services industry