Belmar Pharmacy Expands Footprint and product offering with Acquisition of APS Pharmacy

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Golden, CO (June 29, 2020) – Belmar Pharmacy, a portfolio Company of Webster Equity Partners and MedEquity Capital, is pleased to announce its acquisition of APS Pharmacy (“APS” or the “Company”), a national provider of pharmaceutical compounding to patients and physicians.

“Belmar Pharmacy values our partnerships with our clients and the communities we serve” stated Jaime Rios, President of APS Pharmacy. “We chose to merge with Belmar Pharmacies so that we can continue to meet the growing demands of our industry, and potentially expand the services we offer to those in need. Belmar’s values, standards and quality of service reflect those of APS Pharmacy, making this merger a natural fit”

Belmar CEO Dave Hill said, “APS’ business is highly complementary to ours.  At Belmar (through the 503A compounding pharmacy and 503B pellet manufacturing business), we are able to provide patients with “solid dose form” hormone replacement therapy (HRT). APS primarily focuses on the “sterile injectable” aspect of HRT—this merger will help us expand our product offering to service all of our customers’ needs.”

About Webster Equity Partners

Founded in 2003, Webster Equity Partners is a private equity firm that partners with healthcare service companies with a focus on high impact growth strategies based on delivering the highest quality care and exceptional service. Webster is currently investing out of its fourth fund with $875 million of committed capital. For additional information on Webster Equity Partners, please visit www.websterequitypartners.com.

About MedEquity Capital

MedEquity Capital is a healthcare private equity firm that focuses on investing in profitable healthcare services, distribution and products companies. Since MedEquity was founded 22 years ago, it has invested over $300 million of capital and returned over 3x invested capital back in the last decade. For more information, please visit www.medequity.com.

About Belmar Pharmacies

Belmar Pharmacy is a compounding pharmacy located in Golden, CO.  Since 1985, Belmar Pharmacy has specialized in compounding bio-identical hormones and is respected nationally as dosage form experts.  What sets us apart is our unique ability to compound oral hormone tablets and true sublingual tablets.  Belmar tablets are scored for easy dose titration and can contain multiple hormones.  Our exclusive cream base for hormone replacement therapy is paraben-free and petroleum-free.

About APS Pharmacy

Founded in 2005 and headquartered in Palm Harbor, FL, APS Pharmacy provides pharmaceutical compounding to patients and physicians nationwide across 48 states. APS Pharmacy focuses primarily on the sterile injectable compounding aspect of the hormone replacement therapy (HRT). APS Pharmacy also specializes in Autism compounding, Opioid Addiction, IV nutritionals, Smart Drugs Nootropics, Sublingual Allergy drops and Erectile Dysfunction.