IDAHO FALLS, Idaho,
Sept. 16, 2020 /PRNewswire-PRWeb/
-- The PharmEase Group announces the strategic acquisition of
RAM Pharma, a 503B compounding
outsourcing facility. The acquisition was finalized on July 23, 2020.
RAM Pharma will be a wholly owned subsidiary of The PharmEase
Group and will operate under a new name, Compound Preferred. The
transaction strengthens The PharmEase Group's market presence
nationally and enhances existing relationships with providers, as
well as a growing patient base. The Compound Preferred name is the
result of combining the existing brands under one umbrella while
reinforcing PharmEase's core competency as a trusted leader in
pharmacy.
"Having been in business for 20 years and with a deep
understanding of the pharmacy industry, we feel this is the right
time to strategically align our business to help more organizations
of all sizes overcome the challenge of managing pharmacy needs,
while reducing their costs," said Reece
Christensen, CEO of The PharmEase Group.
Compound Preferred, the new 503B
outsourcing facility, complies with all cGMP standards
including:
- Processes designed to ensure that every formulation conforms to
high standards for identity, strength, quality, and purity.
- Full sterile gowning compliant with cGMP regulations.
- Environmental monitoring of air, cleanroom surfaces and
personnel.
- Each batch of sterile product is tested prior to release: USP
71 compliant sterility testing and USP 85 compliant endotoxin.
- Cleaning, sterilization and process validation protocols.
- Stability programs.
"Casey Hunter, our QA Manager
will ensure our standards will remain at the highest quality and
purity. His dedication to these high standards comes from 10
experience in both pharma and retail pharmaceuticals," said
Christensen.
Since 2016, Rob Myers, the
founder and former owner of RAM Pharma has driven the growth of RAM
Pharma. He will continue with the new company, Compound Preferred,
while serving as Operations Manager. "Through this strategic
transaction, our combined company strength will establish a robust
environment for our continued growth," said Myers.
"RAM Pharma was a strong fit with The PharmEase Group's
strategic focus to integrate and expand its compounding outsourcing
services. This acquisition drives significant operating synergies
and enables us to maximize and expand our market reach nationally,"
said Christensen.
About The PharmEase Group
Established in 2001, The PharmEase Group is located in
Idaho Falls, Idaho and is a leader
in the pharmacy industry. The PharmEase Group is comprised of
multiple companies including Heartland Long Term Care Pharmacy and
Compound Preferred; and employs approximately 200 staff members
with locations in Idaho,
Colorado and Utah. For more information, go to
PharmEaseRX.com.
SOURCE The PharmEase Group