Westcove wins M&A Healthcare Boutique Investment Bank of the Year and receives Pharmacy & Services Deal of the Year for 2023

LOS ANGELES, CA – February 5, 2024 – The M&A Atlas Awards | Americas recently announced that Westcove Partners, LLC (“Westcove”) was awarded the M&A Healthcare Boutique Investment Bank for 2023. The M&A Atlas Awards recognizes the top-performing investment banks, private equity firms, and lenders, among other categories, across the M&A landscape. Additionally, Westcove has been recognized for its financial advisory of Bank’s Apothecary Specialty Pharmacy’s (“Banks” or the “Company”) partnership with Terrapin Pharmacy and Ganse Apothecary, portfolio companies of WindRose Health Investors (“WindRose”), as the Pharmacy & Services Deal of the Year for 2023. As of March 2023, WindRose has rebranded as a behavioral-focused pharmacy platform, Altruix. The awards were recently presented at the 15th Annual Americas M&A Atlas Awards Ceremony on January 30, 2024, at the Metropolitan Club of New York in New York City, NY.

Justin Hand, Managing Director at Westcove, commented, “Our team has been dedicated to delivering unmatched services, a commitment confirmed by these awards. Within three years, we have successfully executed nineteen transactions, prioritizing exceptional service to every client. The core of our success is rooted in our team’s expertise and our unwavering dedication to achieving execution excellence across the healthcare continuum.”

Further evidence of our execution excellence is the recognition of Westcove’s client, Bank’s, as the Pharmacy & Services Deal of the Year for 2023. Bank’s has grown to be the largest independent behavioral health, mental health, and substance abuse specialty pharmacy in Pennsylvania and surrounding areas. The Company has built a robust centralized fill model supplying over 400 unique drugs, including limited distribution drugs, to underserved and vulnerable populations across 23 states via a dedicated and compassionate employee base. Bank’s unique drug mix, extensive prescriber network, and dedicated employee base will enable Altruix to expand and provide comprehensive behavioral specialty pharmacy services across the United States.

Abe M’Bodj, Director at Westcove, commented, “Congratulations to Bank’s and WindRose for their well-deserved recognition from the M&A Atlas Awards. Both organizations should take pride in their successful partnership and ongoing growth. We are very happy to have guided Bank’s throughout this transaction process and we hold WindRose in high regard. Our team is excited to see the future achievements they will accomplish with Altruix.”

About Westcove Partners

Westcove Partners is a leading healthcare-focused investment bank that specializes in advising its clients through mergers & acquisitions, debt, and equity financing, as well as other complex corporate finance transactions. The team focuses on founder operated businesses and seeks to curate its advisory services according to the intricacies that come with these types of businesses.

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