Institutional Pharmacy Wellfount Getting $15M from Deerfield
March 31, 2014
Deerfield Management is providing Wellfount with $15 million in debt funding. With the investment, Wellfount will possess sufficient working capital to continue expanding the portfolio of long-term care facilities in which its pharmacy solution is implemented. Wellfount currently provides medications to over 3,000 residents in eight states, using a safe, cost effective approach that combines technologically sophisticated remote dispensing units with high touch, on-site customer service.