MERCER ISLAND, Wash., May 30, 2023 – CarepathRx, a leader in pharmacy and medication management solutions, today announced a specialty pharmacy partnership with Southeast Health, a non-profit community health system based in Dothan, Alabama. As part of this agreement, CarepathRx will partner with Southeast Health to build and execute a comprehensive specialty pharmacy program with frontline staff services including intake, financial assistance, counseling, prior authorizations, and more.  

Southeast Health is a 430-bed hospital serving the residents southeast Alabama, southwest Georgia, and the Florida Panhandle.

“Southeast Health is dedicated to improving health and quality of life in the communities we serve,” said Jacey Cox, PharmD, Director of Pharmacy at Southeast Health. “This partnership with CarepathRx will enhance patient services with new and expanded specialty pharmacy offerings and improve continuity of care with access to specialty therapies from providers our patients know and trust.”

 “CarepathRx is proud to partner with Southeast Health to expand patient access to specialty pharmacy therapies,” said Larry Alexander, Vice President of Operations, CarepathRx. “Our flexible and scalable specialty pharmacy solutions offer the very best in patient outcomes, clinical success, and financial results.”

“As a pharmacist, I understand the importance of continuity of care when it comes to healthcare outcomes, patient satisfaction, and cost-effective therapies,” said Jonathan Van Lare, PharmD, Vice President of Specialty Pharmacy Management Services, CarepathRx. “Our partnership with Southeast Health delivers a unique level of coordinated care across the healthcare continuum.”

About CarepathRx
CarepathRx is transforming pharmacy care delivery for health systems and hospitals, delivering improved patient outcomes that drive clinical, quality, and financial results. Through the industry’s most comprehensive, end-to-end hospital pharmacy care delivery model, CarepathRx is turning hospital pharmacy into an active care management strategy and revenue generator while providing support across the patient’s complete healthcare journey. The company takes an enterprise approach, providing a powerful combination of technology, market-leading clinical pharmacy services, and wrap-around services that optimize pharmacy performance across the enterprise for fully integrated pharmacy operations, expanded healthcare services, improved ambulatory access, minimized clinical variation and new health system revenue streams. Today, CarepathRx serves more than 20 health systems and 600 hospitals, with more than 1,500 employees nationwide. For more information about CarepathRx, visit www.carepathrxllc.com.

MERCER ISLAND, WASH., June 1, 2023 – CarepathRx Health System Solutions (CHSS), a CarepathRx company and portfolio company of Nautic Partners (Nautic), and Evernorth Health Services, a subsidiary of The Cigna Group (NYSE: CI), announced a new strategic partnership and investment by Evernorth in CHSS. The strategic partnership brings together Evernorth’s diverse specialty and care expertise with CHSS’ robust pharmacy and infusion management capabilities, technology solutions, and health system relationships to improve, expand and accelerate pharmacy care delivery for the growing number of patients with chronic and complex care needs.

The CHSS and Evernorth partnership will deliver integrated specialty pharmacy care to CHSS’ growing base of 600-plus hospitals, health systems and physicians – helping diversify the services they offer to best support patients. This includes enhanced coordinated infusion services, virtual care capabilities, value-based care arrangements and site of care flexibility. Evernorth’s expansive suite of services, including Accredo’s specialty care and pharmacy expertise and CuraScript SD’s specialty medication distribution across 12,000 physicians, are highly complementary to CHSS’ capabilities that help health systems expand in-house specialty pharmacies, infusion and polypharmacy services.

“Forging deeper relationships with physicians and other specialty and infusion pharmacies – a critical point of care for people with chronic and complex needs – is a key priority as we work to increase access to care and improve affordability,” said Eric Palmer, President and CEO, Evernorth. “Specialty care continues to be a focal point for hospital, health system and physician partners, and our collaboration with CHSS is an important step in delivering on our commitment to bring them even more patient care services to improve overall outcomes.”

Together over time, CHSS’ and Evernorth’s expertise will help enable simpler, faster connections to care for patients managing both chronic and complex specialty conditions. As many of these patients need specialty or acute drug therapies, the partnership will focus on continuity of care for specialty drugs, management of infusion services across sites of care – from ambulatory to physician office to home settings – and value-based site-of-care strategies. The intent is to drive optimal patient treatment plans and deepen physician engagement resulting in better patient experiences, more care extensions and greater affordability.

“At CarepathRx, we believe health systems, hospitals and physicians play the most important roles in providing the best care to patients with chronic and complex diseases,” said John Figueroa, Chairman and CEO, CarepathRx. “Through specialty and infusion pharmacy partnerships, CHSS has created a model for health systems to extend their reach to alternate sites of care and into the home. This partnership with Evernorth is truly unique and will accelerate CHSS’ mission by creating payer-physician connections and leveraging Evernorth’s specialty and care services.”

Evernorth’s significant minority investment in CHSS is expected to close in late Q2 or early Q3 of 2023. After close, the CHSS management team will continue to lead the business and, together with Nautic, will retain majority ownership.

Centerview Partners acted as lead financial advisor, and Cantor Fitzgerald is also acting as financial advisor to CarepathRx and Nautic. Kirkland & Ellis, LLP acted as legal advisor to CarepathRx and Nautic.

Greenhill & Co. acted as financial advisor to Evernorth. Wachtell, Lipton, Rosen & Katz and Quarles & Brady LLP acted as legal advisors to Evernorth.

About CarepathRx
CarepathRx is transforming pharmacy care delivery for health systems and hospitals, delivering improved patient outcomes that drive clinical, quality, and financial results. Through the industry’s most comprehensive, end-to-end hospital pharmacy care delivery model, CarepathRx is turning hospital pharmacy into an active care management strategy and revenue generator while providing support across the patient’s complete healthcare journey. The company takes an enterprise approach, providing a powerful combination of technology, market-leading clinical pharmacy services, and wrap-around services that optimize pharmacy performance across the enterprise for fully integrated pharmacy operations, expanded healthcare services, improved ambulatory access, minimized clinical variation and new health system revenue streams. Today, CarepathRx serves more than 25 health systems and 600 hospitals, with more than 1,500 employees nationwide. For more information about CarepathRx, visit www.carepathrxllc.com.

About Nautic Partners
Nautic Partners is a Providence, Rhode Island-based middle-market private equity firm that focuses our expertise and market knowledge on three sectors: Healthcare, Industrials and Services. Nautic has completed 155 platform transactions throughout our 37-year history. In pursing our thematic and proactive investment strategy, we seek to partner with executives and management teams in an effort to accelerate the growth trajectory of our portfolio companies via acquisitions, targeted operating initiatives, and increased management team depth. For more information, please visit www.nautic.com.

About Evernorth Health Services
Evernorth Health Services creates pharmacy, care and benefits solutions to improve health and increase vitality. We relentlessly innovate to make the prediction, prevention and treatment of illness and disease more accessible to millions of people. Evernorth capabilities are powered by our businesses, including Express Scripts, Express Scripts® Pharmacy, Accredo, eviCore and MDLIVE, along with holistic Evernorth platforms and solutions that move people and organizations forward. All Evernorth solutions are serviced and provided by or through operating affiliates of Evernorth Health, a wholly owned subsidiary of The Cigna Group (NYSE: CI), or third-party partners. Learn more at evernorth.com.

Media contacts:
Andrew Hardman
andrew.Hardman@carepathrxllc.com

Justine Sessions
860-810-6523
media@evernorth.com

MERCER ISLAND, Wash., May 30, 2023 – CarepathRx, a leader in pharmacy and medication management solutions, today announced a new partnership with Infirmary Health, the largest not-for-profit, non-governmental healthcare provider in Alabama, to provide comprehensive home infusion services to the communities they serve.

“Infirmary Health sets the highest of standards for clinical and compassionate care, and CarepathRx is excited to partner with them to deliver patient access to home infusion services,” said Keith Crawford, President, Health System Infusion at CarepathRx. “Our home infusion program brings hospital-level care to the home to reduce episodic and annual cost of care, while driving improved patient outcomes.”  

“At Infirmary Health, our number one commitment is to the patient experience,” said LeeAnn Cain, Chief Operating Officer, Thomas Hospital, and System Vice President of Pharmacy Services, Infirmary Health. “Our new partnership with CarepathRx positively impacts our patients’ lives through expanded services from a provider they know and trust – expanding our services beyond the hospital and into the home.”

CarepathRx works directly with hospitals to build operational capabilities necessary to deliver infusion therapies in alternative settings. “Our turnkey program is designed to have a hospital up and running within six months, so value begins with patient one,” said Tyler Wayland, Vice President of Business Development at CarepathRx.  “We are excited to work with Infirmary Health.”

About CarepathRx
CarepathRx is transforming pharmacy care delivery for health systems and hospitals, delivering improved patient outcomes that drive clinical, quality, and financial results. Through the industry’s most comprehensive, end-to-end hospital pharmacy care delivery model, CarepathRx is turning hospital pharmacy into an active care management strategy and revenue generator while providing support across the patient’s complete healthcare journey. The company takes an enterprise approach, providing a powerful combination of technology, market-leading clinical pharmacy services, and wrap-around services that optimize pharmacy performance across the enterprise for fully integrated pharmacy operations, expanded healthcare services, improved ambulatory access, minimized clinical variation and new health system revenue streams. Today, CarepathRx serves more than 20 health systems and 600 hospitals, with more than 1,500 employees nationwide. For more information about CarepathRx, visit www.carepathrxllc.com.

MERCER ISLAND, Wash., April 26, 2023 – CarepathRx, a leader in pharmacy and medication management solutions, is proud to announce a new specialty pharmacy and home infusion partnership with Jackson Hospital and Clinic in Montgomery, Ala. As part of this dual-services agreement, CarepathRx will partner with Jackson Hospital to build and execute a specialty pharmacy program and a comprehensive home infusion program to serve the hospital’s growing patient population.

Among the largest hospitals in the state, Jackson Hospital and Clinic serves Montgomery and the Alabama River Region with complete healthcare solutions including cardiac, cancer, neurosciences, orthopedics, women’s and children’s care, and emergency services.

“We are very excited about this partnership. Our turnkey Specialty Pharmacy and Home Infusion program will help Jackson Hospital build operational capabilities, achieve appropriate compliance and accreditation, and refine their transition of care,” said Keith Crawford, President, CarepathRx Health System Solutions.

“Expanding patient access to specialty pharmacy therapies and extending our services to the community we serve furthers the Jackson Hospital and Clinic’s mission to provide superior, patient-centered, and cost-effective care,” said Joe Riley, FACHE, President and CEO, Jackson Hospital and Clinic. “CarepathRx was uniquely positioned to support Jackson Hospital and Clinic and our patient population.”

“CarepathRx offers flexible and scalable pharmacy solutions to deliver improved patient outcomes and financial results,” said Larry Alexander, Vice President of Operations, CarepathRx. “Our unique business model allows hospitals and health systems to build and scale their pharmacy operations to serve patients that need specialty medications and infusion therapies in non-hospital settings.”

About CarepathRx
CarepathRx is transforming pharmacy care delivery for health systems and hospitals, delivering improved patient outcomes that drive clinical, quality, and financial results. Through the industry’s most comprehensive, end-to-end hospital pharmacy care delivery model, CarepathRx is turning hospital pharmacy into an active care management strategy and revenue generator while providing support across the patient’s complete healthcare journey. The company takes an enterprise approach, providing a powerful combination of technology, market-leading clinical pharmacy services, and wrap-around services that optimize pharmacy performance across the enterprise for fully integrated pharmacy operations, expanded healthcare services, improved ambulatory access, minimized clinical variation and new health system revenue streams. Today, CarepathRx serves more than 20 health systems and 600 hospitals, with more than 1,500 employees nationwide. For more information about CarepathRx, visit www.carepathrxllc.com.

MERCER ISLAND, Wash., March 14, 2023 – CarepathRx, a leader in pharmacy and medication management solutions, was recently named a Top 15 U.S. Pharmacy from Drug Channels Institute based on prescription dispensing revenues for the calendar year of 2022. This marks CarepathRx’s second consecutive appearance on the list.

National prescription dispensing revenues reached a record $548 billion in 2022, with the latest list of Top 15 U.S. Pharmacies accounting for more than 75% of total dispensing revenues from retail, mail, long-term care, and specialty pharmacies. CarepathRx, one of just three private corporations on the Top 15 list, showed one of the highest growth rates in revenue over 2021 at 20%.

Discover what other hospitals and health systems across the nation are learning: CarepathRx delivers the industry’s most comprehensive hospital pharmacy care delivery model.

About CarepathRx
CarepathRx is transforming pharmacy care delivery for health systems and hospitals, delivering improved patient outcomes that drive clinical, quality, and financial results. Through the industry’s most comprehensive, end-to-end hospital pharmacy care delivery model, CarepathRx is turning hospital pharmacy into an active care management strategy and revenue generator while providing support across the patient’s complete healthcare journey. The company takes an enterprise approach, providing a powerful combination of technology, market-leading clinical pharmacy services, and wrap-around services that optimize pharmacy performance across the enterprise for fully integrated pharmacy operations, expanded healthcare services, improved ambulatory access, minimized clinical variation and new health system revenue streams. Today, CarepathRx serves more than 20 health systems and 600 hospitals, with more than 1,700 employees nationwide. For more information about CarepathRx, visit www.carepathrxllc.com.