Aquiline backs PharmaForce

PharmaForce , a provider of pharmacy solutions for hospitals and health clinics, has received a majority investment from private investment firm Aquiline Capital Partners .

Established in 2017, PharmaForce offers an administration software to more than 280 clients and has recently introduced a pharmacy benefits management service.

“The investment from Aquiline marks a significant milestone for us. As we gear up to lead the market’s pharmacy solutions sector, Aquiline’s strategic insights and network will be invaluable in realizing our vision for expansive growth and innovation.” – Daniel Dimitri, CEO and Co-Founder of PharmaForce.

“In a healthcare system where safety net providers are indispensable, transparent and efficient Third Party Administrators are crucial. PharmaForce, with its tech-driven approach, has consistently delivered superior outcomes in the 340B program. Our investment reflects our confidence in PharmaForce’s potential to emerge as a market leader.” – Benedict Baerst, Partner at Aquiline.

Bottom Line: PharmaForce is well positioned to accelerate strategic M&A and continue to expand its product capabilities.