Austin, Texas, Oct 3, 2019 / PRNewswire/
HealthGrowth Capital LLC, a leading provider of financing alternatives and advisory services to community pharmacies across the US, is pleased to announce that Christian Herrington has been appointed to serve as the company’s President, as well as a member on HealthGrowth’s governing board.

“We are pleased to benefit from Christian’s extraordinary experience, with his increased day-to-day commitment helping us shape our offerings to match critical market gaps,” said Karl Kipke, Chief Executive Officer of HealthGrowth. “His expertise and long-term relationships reflect high respect among constituents spanning the entire pharmacy ecosystem. With access to the highest levels in our industry, we are rapidly developing ground-breaking service offerings and innovative financial products that will help pharmacy owners expand their success and profitability.”

“Over the years, I’ve watched the pharmacy industry evolve dramatically. While growth prospects are brighter today than ever before, significant changes outside the control of most pharmacy owners have presented challenges for many in the space. Adjusting to the new and sometimes murky rules, and gaining access to capital, are proving to be important determinants of the future success of most of these businesses. I look forward to helping HealthGrowth Capital strengthen its capabilities in these areas, to serve every independent pharmacy in this $85 billion space,” said Mr. Herrington.

Mr. Herrington’s experience spans more than 35 years with Bindley Western, Cardinal Health, H.D. Smith and AmeriSource Bergen, where he served in sales, sales management, and executive management roles.

About HealthGrowth Capital, LLC
HealthGrowth Capital, LLC, based in Austin, Texas is a provider of specialty lending and advisory services to independently owned, community pharmacies.

SOURCE:
HealthGrowth Capital, LLC

Austin, Texas, October 24, 2018 – HealthGrowth Capital and KloudScript have entered into a partnership to provide growth capital for community pharmacies seeking to enter the lucrative specialty pharmaceutical space.

“The operating landscape for community pharmacies continues to experience profound shifts. Once profitable business segments can become financially challenging very quickly,” said Karl Kipke, Chief Executive Officer of HealthGrowth Capital.  “Successful pharmacy owners must proactively pivot to higher-margin opportunities to increase profits.”

“The $150 billion specialty market focuses on high cost, high touch medication therapy for patients with complex disease states,” Kipke continued. “This agreement enables our customers to have the necessary capital to expand opportunities for pivoting their community-based retail pharmacy business and integrate specialty pharmacy care by joining KloudScript’s specialty pharmacy network.”

“In today’s market, it is almost impossible for community pharmacies to build a specialty pharmacy from the ground-up or even buy one without taking on insurmountable capital risk.  KloudScript offers an opportunity for pharmacies to participate in an alliance across targeted markets to lower the risk and barriers to entry for offering a specialty program,” said Rinku Patel, PharmD, Chief Executive Officer of KloudScript. “HealthGrowth Capital recognizes the enormous opportunity that the specialty market offers retail pharmacies. We are delighted to be partnering with HealthGrowth Capital in accessing programs that will help pharmacy entrepreneurs properly finance their businesses and help them maximize the operating performance of their pharmacies.”

About HealthGrowth Capital, LLC

HealthGrowth Capital, LLC, based in Austin, Texas is a leading alternative specialty lender to healthcare companies and medical practices.  HealthGrowth Advisors, LLC offers management consulting services to help community pharmacies improve profitability, optimize operations, reduce DIR fees and identify and access new growth opportunities.  For more information, please visit www.healthgrowthcapital.com or call (512) 575-4500.

About KloudScript, Inc

Headquartered in Oakbrook Terrace, Illinois, KloudScript is a community-led specialty pharmacy network that partners with independent community pharmacies nationwide and collaborates with pharmaceutical manufacturers, payors, and prescribers to make specialty medications available locally for patients. Through its technology platform, KETU™, and support services, KloudScript has pioneered the ultimate solution for patients’ desire for local care and community pharmacies’ strategic need to participate in the fastest growing segment of pharmacy. Learn more about KloudScript’s growing community-led specialty pharmacy network at www.kloudscript.com or call (855) 202-7036.

Austin, Texas, October 4, 2018 –  HealthGrowth Capital and P4 Technologies have formed a strategic partnership to provide superior financing and inventory management solutions to independent pharmacy owners.

HealthGrowth Capital, a direct lender to small businesses in the healthcare industry, provides working and growth capital to business owners seeking to take their businesses to the next level.

“We are recognized as the leading non-SBA lender to community pharmacies in the industry,” said HealthGrowth Capital CEO Karl Kipke. “We are delighted to partner with P4 Technologies to provide systems that will help our customers manage, forecast and optimize their inventories.  Their state-of-the-art tools free-up cash, increase inventory turns and reduce operating costs – all important priorities in today’s competitive marketplace.”

P4 Technologies delivers a cloud-based software platform that uses advanced, scientific forecasting and replenishment algorithms that assist pharmacies in managing inventories.

“Our pharmacy customers are all looking for ways to improve and expand their businesses and sometimes that requires capital,” said Ken Palmer, founder and President of P4 Technologies. “We are pleased to refer our customers to HealthGrowth Capital because they take a consultative approach to helping healthcare entrepreneurs obtain the financial resources they need to effectively compete and grow their pharmacies.”

Terms of the agreement were not disclosed.

For more information:

Mr. Karl Kipke
Chief Executive Officer
925 S. Capital of Texas Hwy, #B100,
Austin, TX
Phone: 512.575.3173
E-mail: karl@healthgrowth.com