Apollo Care Secures Growth Investment from Flexpoint Ford to Enhance Patient Access Initiatives

Apollo Care Secures Growth Investment from Flexpoint Ford

Apollo Care, a rapidly expanding provider of patient access and commercial solutions in the healthcare sector, has recently finalized a notable growth capital investment from Flexpoint Ford. This strategic funding is expected to significantly accelerate Apollo Care's initiatives aimed at improving patient access and enhancing their innovative solutions.

Strengthening Healthcare Solutions

The investment will bolster Apollo Care's capabilities to innovate and expand its technology infrastructure, particularly in the realms of patient co-payment platforms, central service solutions, data storage, and business analytics. Ben Bove, the CEO of Apollo Care, underscored the significance of this investment, noting its potential to transform patient experiences by improving the affordability, accessibility, and adherence to medications. "This funding allows us to further enhance our technology, scale our operations, and provide even greater value to our customers,” Bove remarked.

Flexpoint Ford, known for its focus on healthcare and financial services, manages approximately $8.2 billion in assets and specializes in providing tailored capital solutions. Jonathan Oka and Elliot Lauzen, both from Flexpoint, will join the board of directors of Apollo Care as part of this investment.

Collaborative Opportunities

Michael Aquilino, CFO of Apollo Care, expressed excitement regarding the partnership with Flexpoint Ford. He emphasized that their shared vision and expertise provide a solid foundation to pursue ambitious growth plans. "Together, we are eager to redefine the possibilities of delivering co-payment solutions and central services to the pharmaceutical industry,” Aquilino stated.

According to the investment terms, Flexpoint Ford will acquire a minority stake in Apollo Care through Flexpoint Fund V. Jonathan Oka, a managing partner at Flexpoint Ford, stated, "We are excited to partner with Ben and the Apollo Care team. In a short time, they have established themselves as a pioneering company, creating practical solutions to some of the significant challenges faced in the pharmaceutical industry. We look forward to closely collaborating with the team to achieve their growth objectives.”

Elliot Lauzen added that there are substantial opportunities for Apollo Care, particularly given the increasing demand for differentiated patient access programs. He is optimistic about delivering strategic long-term value through this collaboration.

About Apollo Care

Apollo Care is dedicated to developing and implementing analytical solutions and patient access technologies to assist pharmaceutical brands in addressing commercial challenges. The company has a strong track record of pioneering innovations within the sector, aiming to overhaul outdated industry practices by providing integrated solutions that boost growth while optimizing gross-to-net costs and enhancing patient outcomes. Based in Chicago, Illinois, more information about Apollo Care can be found at apollocare.com or through their LinkedIn page.

About Flexpoint Ford

Established in 2005, Flexpoint Ford is a private equity investment firm specializing in private investments within healthcare and financial services sectors. The firm has executed a broad range of investments varying in size and asset classes since its inception. Headquartered in Chicago, Illinois, with an office in New York, more details about Flexpoint Ford can be accessed at flexpointford.com.

In conclusion, this partnership between Apollo Care and Flexpoint Ford marks a significant step forward in the healthcare industry, as they aim to meet the rising needs for innovative and accessible patient care solutions.