Comvest Partners has made an undisclosed investment in Citizens Rx. Based in Oak Park, Illinois, Citizens Rx is a pharmacy benefit management provider for public and private companies and health plans.
PRESS RELEASE
West Palm Beach, FL – (October 16, 2017) – Comvest Partners, through its Comvest Capital (“Comvest”) lending strategy, has acted as Documentation Agent on the funding of a Senior Credit Facility (the “Financing”) to Citizens Rx, LLC. (“Citizens Rx” or the “Company”), a provider of pharmacy benefit management services.
“We are impressed with the Citizens Rx management team and believe the Company is poised for continued growth. Citizens Rx is well positioned in the industry with a proven track record in the PBM space. We look forward to partnering with Citizens Rx as they execute on their growth initiatives,” said Greg Reynolds, Partner at Comvest.
About Citizens Rx:
Citizens Rx, founded in 2009, is a full-service pharmacy benefit management provider for public and private companies and health plans. Citizens Rx provides pharmacy benefit management services, including formulary management, claims processing, and rebate administration. Citizens Rx is headquartered in Oak Park, Illinois. For more information, please visit their website www.citizensrx.com
About Comvest Partners:
Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across the U.S. Since its founding in 2000, Comvest has invested over $2.7 billion in over 150 companies. Today, Comvest’s funds have $2.6 billion of assets under management. Through our extensive capital resources and broad network of industry relationships, we offer our companies financial sponsorship, critical strategic and operational support, and business development assistance.
Source: https://www.pehub.com/2017/10/comvest-invests-in-citizens-rx/
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