Pipeline Receives Equity Capital Investment
Pipeline Healthcare Receives Equity Capital Investment
Pipeline Healthcare Develops and Delivers World-Class Telepharmacy Solutions. The Company is Proud to Announce it Has Received Approximately $2.5M in Series A Capital led by SPK Capital of Los Angeles, CA. Pipeline Healthcare Was Formed in 2009. We Are Partnered With DirectorsofPharmacy.com, an Online Community of Pharmacy Leaders and Directors of Pharmacy.
Chicago, IL, and San Francisco, CA (PRWEB) December 10, 2010
Pipeline Healthcare, a privately held corporation which develops and delivers world-class telepharmacy services to North American hospitals and retail pharmacies, announces it has received approximately $2.5M in Series A Capital led by SPK Capital of Los Angeles, CA. The investment capital will support Pipeline’s rapid growth and further development of their unique technology and services. Also included in this round of financing were ASC Capital of San Francisco, CA and several healthcare angel investors.
Elliot Karathanasis, a partner with SPK Capital, commented, “Pipeline Healthcare’s industry-leading technology and the overwhelming benefits of their service have positioned the Company to lead the telepharmacy sector.” Pipeline Healthcare already has extensive networks in place throughout the West Coast, Northeast, Southeast, and Midwest – having extended its remote telepharmacy services to 22 U.S. states, with more coming soon.
“We’re pleased to receive this round of capital and to welcome our investors, with their notable healthcare and private equity expertise, to our Board of Directors,” added Brian Roberts, Pipeline Healthcare’s Chief Executive Officer. “Every day, we work closely with Directors of Pharmacy and hospital management teams, and every day we validate that telepharmacy uniquely improves patient care while saving significant costs, not to mention that it provides even the most remote facility with instant access to very experienced pharmacists at any time of day.”
In both urban and rural facilities, telepharmacy has proven to reduce operational costs by at least one third, shown considerable improvement in patient care, and lowered the incidence of medication errors.
Much like the boon that was teleradiology, telepharmacy promises to deliver faster service, reduce errors, and offer 24-7 capability. Through its remote order entry, prescription processing and medication verification services, Pipeline also allows pharmacies to expand into new locations or balance staff load during peak periods, night shifts, vacations, or sick leave.
For more information, contact Brian Roberts, CEO, or Chris Ciolko, RPh, Sr. VP of Business Development.
Contact: Brian Roberts, Chief Executive Officer, Pipeline Healthcare
877.696.9101, ext. 1000 • Fax: 847.939.1349
broberts@pipelinehealthcare.com • http://www.pipelinehealthcare.com
Pipeline Healthcare develops and delivers world-class telepharmacy solutions. The Company is proud to announce it has received approximately $2.5M in Series A Capital led by SPK Capital of Los Angeles, CA. Pipeline Healthcare was formed in 2009. We are partnered with DirectorsofPharmacy.com, an online community of pharmacy leaders and Directors of Pharmacy.