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Dec 2019

Audax Private Debt Provides Financing to Support PharMedQuest’s Investment in Long’s Drugs

Audax Private Debt announced that, as Joint Lead Arranger, it provided a unitranche credit facility to support the acquisition of Long’s Drugs (“Longs" or the “Company”) by PharMedQuest. PharMedQuest is an existing portfolio company of Kinderhook Industries.

ABOUT PHARMEDQUEST + LONG'S DRUGS
Headquartered in Columbia, SC, Long’s provides comprehensive pharmacy services and distributes specialty pharmaceuticals across the United States. Long’s offers tailored pharmacy solutions for Ryan White Clinics, Federally Qualified Health Centers, and STD Clinics. Long’s owns and operates over 30 pharmacies in the Southeast under the Avita and Long’s brands. Headquartered in Brea, CA, PharMedQuest provides integrated on-site pharmacy management solutions to Federally Qualified Health Centers. PharMedQuest owns and operates 28 pharmacies across California. The pro forma business will maintain significant operational presence in California, South Carolina, Louisiana, Texas, Georgia, and Florida. To learn more, please visit pharmedquest.com.

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