Health Care, Real Estate, and Retail

Retailer acquires specialty pharmacy

May 21, 2015
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Retailer invests in pharmacy training
A student in the Pharmacy Technician program at the West Michigan Center for Arts and Technology works at a Meijer pharmacy. Courtesy Meijer

A retailer has acquired a Pittsburgh-based specialty pharmacy and health services company with several locations.

Meijer said yesterday that it has acquired Aureus Health Services, which is a portfolio company of New York-based BelHealth Investment Partners.

"National growth" opportunity

Meijer’s decision to acquire Aureus was made to “enhance its customer offerings, particularly to patients with complex chronic conditions.”

Aureus Health Services provides nutritional supplements, prescription drugs and therapy management services for patients with cancer, hepatitis, HIV and other types of chronic conditions.

Aureus also has locations in Cape Girardeau, Mo., Albany and Melville, N.Y. and Newark, N.J. Meijer plans to keep Aureus' patient services centers.

The acquisition should be finalized in “the next few months.”

"The ability to provide specialty pharmacy services to our customers supports our objective to provide total patient care," said J.K. Symancyk, president, Meijer. "Between Aureus Health Services' national strength and the strong Midwest footprint of Meijer, this purchase combines two reputable industry leaders and creates an opportunity for national growth by providing better service to customers.”

Specialty business unit

Michael Nameth, Aureus’ CEO, will be the CEO of the "new Meijer business unit."

"We are very pleased to join the Meijer organization," Nameth said. "This acquisition will not only benefit customers and patients through a stronger organization, but it will also provide growth opportunities for our team."

Advisors

JMP Securities served as Meijer’s exclusive financial advisor.

SunTrust Robinson Humphrey served as Aureus’ exclusive financial advisor.  

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