Affinity Ventures is pleased to announce that Hoffmann Homecare Inc., located in Bakersfield, CA, has been acquired by CVS Pharmacy a subsidiary of the American retail and health care company CVS Health. Affinity Ventures acted as the exclusive investment banking advisor to Hoffmann Homecare Pharmacy.
CVS Health is a pharmacy innovation company helping people on their path to better health. Through its more than 9,500 retail pharmacies, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with more than 70 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, and expanding specialty pharmacy services, the Company enables people, businesses and communities to manage health in more affordable, effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at www.cvshealth.com.
Hoffmann Homecare Inc. is a home Infusion pharmacy focused on providing complex therapies in the comfort of your own home. Their team of highly qualified IV pharmacist manage and provide the highest level of care to patients suffering with a diversity of chronic acute diseases. They have been working collaboratively, over the past 20 years, with physicians, hospitals, nursing agencies, managed care agencies (HMO), hospice, and other various medical facilities to fulfill our social responsibility to the community of Kern county since 1992.
Affinity Ventures is a leading investment banking firm focused on the lower middle market sector. The diversified team of professionals have completed over 250 transactions valued at over $2 Billion. Since being founded in 1994, the company has completed M&A transactions for their clients with privately held companies, private equity firms, and Fortune 100 public corporations.