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cleveland and new york and Chicago, January 25, 2024 /PRNewswire/ — Cyprium Partners is pleased to announce that we have reached 100.th Platform investment, OneroRx Inc (Headquarters: West Des Moines, Iowa.
OneroRx provides integrated pharmacy services and medical supplies to patients in underserved county and urban areas throughout the Midwest. The company fills more than 3 million prescriptions annually and provides personalized, high-quality care to patients through 65 locations in six states. OneroRx has grown through both new expansions and numerous single and multi-location acquisitions over the past year. In late 2023, Cyprium Partners invested subordinated debt and minority common equity to support the company’s acquisition strategy and future growth.
said President and CEO of OneroRx. Joseph Dunham II. “Our strategy is to continue to expand our footprint to combat the growing pharmacy desert in the United States, and this transaction provides us with the capital we need to execute on our growth plans.”
Committed to its mission of increasing access to care within local communities, OneroRx leverages its scale and technology to provide retail, specialty services to individuals, community hospitals, senior living facilities, long-term care facilities, and group homes. and remote pharmacy prescription services. Historically, they have been underserved by the large national chains. OneroRx’s small store footprint, cash discount program, compliant packaging capabilities, and delivery services all make important pharmacy services more accessible and affordable, contributing to improved medication adherence.
“I am very impressed with the skill and dedication of OneroRx’s management team and employees,” he said. Beth Haas, a partner of Cyprium. “The company’s ability to provide critical services at affordable prices is a critical component to improving patient outcomes, and we are excited to support them in this effort. I couldn’t be happier to have been served.”th Platform companies are those with such an unwavering focus on serving patients and communities. ”
About Cyprium Partners
Cyprium Partners is a private equity and mezzanine firm focused on non-controlling investments in profitable middle market companies, allowing company owners and their management teams to retain control of their businesses. Cyprium offers common stock, preferred stock, subordinated debt, or a combination thereof, providing flexibility and increasing certainty of deal completion.
Office available cleveland, new yorkand Chicagothe company invests 5 million dollars to $60 million For each transaction with a U.S. and Canadian company, 4 million dollars More than EBITDA. Since its founding in 1998, the team has $1.9 billion Investing in 100 platforms overall North America. Learn more about Cyprium partners here. cyprom.com
Media contact:
Karen Heise
marketing manager
216-453-4526
info@cyprium.com
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SOURCE Cyprium Partners
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