Agreement Establishes National Leader in Specialized Pharmacy Services Focused on HIV/AIDS Care
LOS ANGELES and MELVILLE, N.Y.--(BUSINESS WIRE)--AIDS Healthcare Foundation (AHF), the largest nonprofit global HIV/AIDS organization, today announced that it has acquired MOMS Pharmacy, a specialty pharmacy focused exclusively on providing medications and support services to people living with HIV/AIDS.
AHF, founded in 1987, provides medical care and services to more than 176,000 individuals in 27 countries worldwide. AHF is also the largest non-profit provider of HIV/AIDS medical care in the United States, operating 19 AHF Pharmacy centers throughout California, Florida and Washington, D.C. AHF Pharmacy specializes in HIV medications and offers complete medication/supplement analysis and automated 24-hour prescription refills, e-prescribing, and free, discreet home delivery or pick-up. Revenues generated from AHF Pharmacy help contribute to caring for AHF patients as well as supporting its prevention and testing programs worldwide. Special services offered at select locations include free HIV testing, nutritional product offerings and Out of the Closet Thrift Stores.
MOMS Pharmacy, founded in 1983, operates 12 pharmacies and MOMS Pharmacy Access Centers in California, Washington, Massachusetts, Connecticut and New York. MOMS provides a wide range of medications and services for individuals living with HIV/AIDS, including comprehensive medication adherence programs and tools, such as the MOMsPak, a personal options program, free personal delivery, a refill reminder program, community support services, nutritional supplements and a variety of educational programs and materials. MOMS Pharmacy is a division of Allion Healthcare.
Michael Weinstein, President of AHF, said, “The completion of this transaction establishes AHF as a true leader in specialized pharmacy services tailored to serving HIV/AIDS clients with an even greater presence throughout the United States. MOMS Pharmacy’s strong national footprint coupled with AHF’s existing comprehensive offerings will bolster our ability to serve the communities in our core markets as well as increase our impact through new operations in key markets on the East and West Coast. Importantly, there is a common value system between AHF and MOMS Pharmacy that allows us to maximize our collective potential to provide the best care possible while also giving back to those communities most impacted by this disease. We welcome the MOMS Pharmacy team and the clients and patients it serves and are confident we can achieve great things together.”
Anthony D. Luna, President of MOMS Pharmacy, said, “As a recognized leader in nonprofit healthcare for 25 years, AHF is the ideal partner for MOMS Pharmacy as we move into a new chapter of growth and unlock even greater clinical outcomes for individuals living with HIV/AIDS. This transaction will enhance our ability to provide advanced, clinically comprehensive and cost-effective care to clients and work collaboratively with healthcare providers to better serve our communities. We look forward to joining AHF’s talented and well-respected team of professionals, and we are confident our mutually focused client-centered model will help ensure a seamless transition for our patients.”
Terms of the transaction were not disclosed. The transaction was subject to customary closing conditions and closed on August 20, 2012.
About AIDS Healthcare Foundation
AIDS Healthcare Foundation (AHF), the largest global AIDS organization, currently provides medical care and services to more than 176,000 individuals in 27 countries worldwide in the US, Africa, Latin America/Caribbean the Asia/Pacific region and Eastern Europe. To learn more about AHF, please visit our website: www.aidshealth.org, find us on Facebook: www.facebook.com/aidshealth and follow us on Twitter: @aidshealthcare.
About MOMS Pharmacy
MOMS Pharmacy is a specialty pharmacy that is focused exclusively on providing medications and support services to people living with HIV/AIDS. We strive to provide the most advanced, clinically comprehensive, and cost effective treatment and care to all of our clients. MOMS Pharmacy, an ALLION Healthcare Company, works with the biotechnology and pharmaceutical community in pursuing optimal therapeutic outcomes for individuals living with HIV/AIDS.
AIDS Healthcare Foundation
Ged Kenslea, Communications Director
Sard Verbinnen & Co. (for MOMS)
Chris Kittredge/Sarah Brown