The Anderson Group has sold Parkview Health Services to Flexpoint Ford

Parkview Health Services

Parkview Health Services (PHS), based in Amherst, New York, owns and operates three pharmacies: Parkview Health Services, Riverview Professional Pharmacy and Parkview RX Niagara Falls. With more than 38 years of experience, PHS’ pharmacies provide comprehensive medication solutions to group homes, mental health clinics, addiction services providers and other congregate care settings in addition to patients who need assistance managing their medications at home.

The Deal

Lincoln International acted as the exclusive financial advisor to The Anderson Group and PHS, working closely with the company’s management team and ownership throughout the sale process to Flexpoint Ford.

Paul O’Leary, President and Chief Executive Officer of PHS, commented, “We are excited for the future with Flexpoint. Since partnering with Anderson, we have continued to make strategic investments in the business to further distinguish ourselves as a leading provider of specialty pharmacy services and position ourselves for this next phase of growth. We are grateful to Anderson for their support and partnership.”

Our Perspective

Nick Konstantinou, Managing Director in Lincoln’s Healthcare Group, commented, “The PHS team has built an impressive, scaled behavioral health pharmacy and we are very proud to have advised Anderson and PHS on the sale of the company. The Lincoln team looks forward to seeing the continued growth and success PHS will have in the coming years with Flexpoint.”

The Anderson Group

Founded in 1985, Anderson is an operationally oriented private equity (PE) investment firm focused on acquiring control positions in companies at the lower end of the middle market. Senior professionals at Anderson each have between 20 and 30 years of operational experience in various businesses and industries. Anderson specializes in three types of transactions: turnaround opportunities, special situation investments and recapitalizations. Though Anderson does not have a specific industry focus, it typically acquires businesses in the niche manufacturing, distribution or service industries. For more information, please visit www.andersongroup.com.

Flexpoint Ford

Flexpoint is a PE investment firm that has approximately $7.5 billion of regulatory assets under management and specializes in privately negotiated investments in the healthcare and financial services industries. Since the firm’s formation in 2005, Flexpoint has completed investments across a broad range of investment sizes, structures and asset classes. Flexpoint has offices in Chicago and New York. For more information, please visit www.flexpointford.com.

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Lincoln’s advice and perspectives on process timing were critical during a period of market uncertainty. Their targeted, efficient process resulted in a successful outcome for the shareholders.
Cory Gaffney
Partner at The Anderson Group

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