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BGS Pharmacy Partners, Inc. and DW Healthcare Partners Announce Financing and Strategic Partnership

Friday, August 15, 2008 General News
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GRAPEVINE, Texas, Aug. 15 BGS Pharmacy Partners, Inc.(BGS), an alternate care pharmacy company based in Grapevine, TX, is pleasedto announce an initial $10 million growth capital commitment from DWHealthcare Partners (DWHP) to finance acquisitions and development.
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BGS is an independent specialty pharmacy company with service linesincluding; hospice, long-term care and specialty home IV. BGS founder andChief Executive Officer, Dr. Robert DellaValle has twenty-five (25) years ofexperience in the long-term and alternate care pharmacy industry. Prior tofounding BGS, Dr. DellaValle held several senior executive positions incorporate management including that of Executive VP and COO for Pharmerica,Inc. (DOSE), a $1.2 billion long-term care, hospital management and specialtypharmacy company and that of President and CEO of Allied Pharmacy Management,Inc., a venture backed long-term care and hospital pharmacy managementbusiness.
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Joining Dr. DellaValle is VP of Finance and Corporate Development for BGS,Gary Himes. Mr. Himes previously served as the Managing Partner for FlatironsCapital Advisors, where he worked closely with Dr. DellaValle to executeacquisitions and consolidation strategies in the specialty pharmacy market."We wanted a partner with extensive experience and relationships in thehealthcare services industry," said Dr. DellaValle. "DW Healthcare Partners'support will enable us to continue our strategy of acquiring and developingleading institutional pharmacies to better serve the hospice and long-termcare markets."

Doug Schillinger, Managing Director at DW Healthcare Partners stated, "Wefeel fortunate to be partnering with a very strong management team with aproven track record in this market. We look forward to deploying capital inaddition to the initial $10 million to further support the company'sstrategy."

SOURCE DW Healthcare Partners
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