Daily News: October 11, 2017

LBC Provides $25MM BioMatrix Facility Supporting Acquisition


LBC Credit Partners provided a $25 million second lien term loan to BioMatrix Specialty Pharmacy to support the acquisition of Elwyn Pharmacy Group. BioMatrix is a portfolio company of ACON Investments.

LBC served as administrative agent and sole lender for the second lien term loan.

Headquartered in Weston, FL, BioMatrix was formed in 2015 through the merger of Matrix Health Group and BiologicTx, two specialty pharmacy companies with a common emphasis on a high-touch, clinically sophisticated and patient-centric care management model. With a network of seven pharmacies, the company is a provider for patients with blood disorders, organ transplants and other chronic and acute diseases and conditions. BioMatrix has relationships with leading physicians, medical facilities and payors, and its Digital Health platform provides innovative solutions for care givers, patients, payors and other stakeholders.

Elwyn Pharmacy Group is an independently owned and operated specialty pharmacy headquartered in Garnet Valley, PA with additional locations located in Media, PA; Glen Rock, NJ and Charleston, WV.