Venture Capital News: QuVa Pharma Inks $275M
2021-05-06
SUGAR LAND, TX, QuVa Pharma today announced its latest financing, a $275 million senior debt facility round.
QuVa Pharma, the leading national 503B outsourcing services company providing hospitals with essential medications in ready-to-administer injectable formats, today announced its latest financing, a $275 million senior debt facility led by investment vehicles managed by the Goldman Sachs Private Credit Investing("Goldman Sachs"), with participation from Owl Rock Capital Partners, LP ("Owl Rock"). The financing enables QuVa Pharma to meet the needs of its approximately 2,000 hospital customers, add more hospitals to the platform, and expand its 200 SKU product portfolio.
QuVa Pharma is a national, industry-leading, FDA registered 503B outsourcing services company that provides hospitals with essential medications in ready-to-administer injectable formats that are critical for effective patient care. QuVa was purpose-built to change the 503B industry for the better and is leading the way with unmatched expertise in cGMPs and sterile pharmaceutical manufacturing, and the highest quality and safety standards so hospitals can more confidently and reliably focus on patient care. While leading cGMP processes, broad sterile-to-sterile product portfolio, and expansive capacity of 300,000 sq. ft. across four facilities are the foundation of success, it is with customer-focused services, transparency, and a patient-safety orientation that QuVa Pharma helps hospitals better meet their patient care and operational needs.
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