Aquiline Capital Partners announced on January 16 that it was making a significant investment into Pharma Force Group, LLC, based in Wayne, Pennsylvania. According to data captured in the LevinPro HC database, this transaction marks the 16th eHealth acquisition of 2024.
Since its inception in 2017, PharmaForce has delivered transparent and flexible 340B administration software to more than 280 clients. With the recent launch of its pharmacy benefits management offering, the company continues to be a trailblazer in the sector.
Aquiline Capital Partners is a private equity firm that invests in businesses globally. It has $8.7 billion in assets under management, focusing on investing in companies across the financial services and technology, healthcare and business services industries. The company is based in New York City.
Piper Sandler served as the exclusive financial advisor to PharmaForce and Taft Stettinius & Hollister LLP was PharmaForce’s legal counsel. Ropes & Gray acted as Aquiline’s legal counsel. The transaction closed in the fourth quarter of 2023. Additional financial details of the transaction were not disclosed.
