AUSTIN – An affiliate of Peak Rock Capital (Peak Rock), a leading private investment firm focused on the middle-market, announced that it has completed the acquisition of Asembia LLC and its related entities.
Asembia is a leading provider of end-to-end technology-enabled commercialization solutions to the specialty pharma industry, offering a range of services for pharmaceutical manufacturers, pharmacies, patients, and prescribers, including patient support HUB services, specialty distribution, data services, pharmacy software, and group purchasing ("GPO") solutions. Asembia also operates the largest national specialty pharmacy conference, the Asembia Specialty Pharmacy Summit, attracting thousands of industry leaders every year.
Spencer Moore, managing director of Peak Rock, said, "Asembia has a unique commitment to providing comprehensive technology enabled commercialization services across the specialty pharma value chain. We are excited to partner with the Irene family, Asembia management, and employees to invest in technology, capabilities, marketing, and other growth initiatives to support the Company in serving more patients, prescribers, pharmacies, and pharma manufacturers. We plan to also pursue complementary acquisitions that will support accelerated growth."
"The investment from Peak Rock will help Asembia continue its mission of improving the experiences of patients, prescribers, and pharma and pharmacy partners to support patient care. With Peak Rock, Asembia will continue to make key investments in growth, technology, and innovation. We are excited to have Peak Rock's support during the company's next stage of growth," said Lawrence Irene, co-founder and chief executive officer of Asembia.
Anthony DiSimone, CEO of Peak Rock, added, "This transaction demonstrates Peak Rock's considerable ongoing commitment to investing in founder-owned businesses with strong growth potential. It also highlights our continued interest in investing in resilient healthcare businesses and technology-enabled solutions that will benefit from our expertise in supporting transformational growth."
