NewSpring Invests in Leading Specialty Pharmacy

Radnor, PA
August 22, 2018

NewSpring (the “Firm”), a family of private equity funds, announced today that NewSpring Mezzanine (“NewSpring”), the Firm’s dedicated mezzanine strategy, has made an investment in Total Care RX, Inc. (“Total Care RX” or the “Company”) alongside Gemini Investors and Celerity Partners. Proceeds from the transaction will be used to finance the growth of the existing platform.

Founded in 2002, Total Care RX is a specialty pharmacy headquartered in Flushing, New York focused on filling, managing, and delivering medication for chronically ill patients, primarily organ transplant recipients and residents in long-term care facilities. The Company specializes in managing and delivering treatment regimens to all disease types with a focus on transplant care, cystic fibrosis, HIV, Hepatitis C, oncology, and nutritional care.

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