Belmar Pharma Solutions Acquires Innovations Group Inc. (Including MedQuest Pharmacy) from UpHealth
February 27, 2023
UpHealth, Inc. has agreed to sell Innovations Group Inc. (including its compounding pharmacy subsidiary MedQuest Pharmacy, Inc.) to Belmar Pharma Solutions for approximately $56 million in gross proceeds. The transaction is a divestiture intended to sharpen UpHealth's focus on its core telehealth, integrated care, and behavioral health businesses and is expected to close subject to customary conditions.
- Buyers
- Belmar Pharma Solutions
- Targets
- Innovations Group Inc., MedQuest Pharmacy, Inc.
- Sellers
- UpHealth, Inc.
- Industry
- Healthcare Services
- Location
- Utah, United States
- Transaction Type
- Divestiture
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