Avella Specialty Pharmacy to acquire Advanced Pharma.

Avella Specialty Pharmacy has signed an agreement to acquire Advanced Pharma, a leading provider of compounded sterile preparations to hospitals and health systems nationwide. Financial terms were not disclosed. With this acquisition, Avella furthers its strategic vision of becoming the leading omni-site speciality pharmacy in the nation. The purchase will also add to the breadth of Avella’s compounding capabilities, clinical services and product offerings. Advanced Pharma, based in Houston, is providing compounded products to hospitals, health systems and ambulatory surgery centres nationwide. Most of these medications are administered by injection, IV or pump in the hospital setting and are used to manage pain, dehydration, infection and other serious issues in acute care. “Avella immediately recognized the potential of this company in terms of its visionary leadership team and its dedication to providing the highest-quality products to its hospital partners. Like Avella, Advanced Pharma is always striving to provide greater value to clients and the industry at large. The integration of Advanced Pharma’s people, processes and products into our own organization is a natural evolution for Avella’s growth and will position us as the premier national provider of speciality drugs and compounded therapies.” Rebecca M. Shanahan Avella CEO.