TUKWILA, Wash., Jan. 4, 2017 /PRNewswire/ -- Genoa, a QoL Healthcare Company (Genoa), announced today the acquisition of Advanced Pharmacy Solutions (APS), based in Southaven, Mississippi. Through this addition, Genoa will expand its footprint throughout Mississippi, Tennessee, Arkansas, and South Carolina and serve an additional 50 clinics. This combination brings together two organizations specialized in the behavioral health and addiction treatment communities, built on bringing innovative solutions around medication utilization, adherence and other programs that improve consumer care and reduce costs in the system.
Genoa is the nation's leading behavioral health pharmacy and telepsychiatry company, integrating pharmacists into the care team to improve outcomes and reduce costs. Genoa currently operates over 340 pharmacies nationally serving over ten million individuals with mental illnesses and addictions. Both companies have strong reputations for providing high-touch care and outstanding service to consumers, and true value to their partners.
"Genoa and APS share a common mission of improving the lives of individuals living with mental illness, while providing solutions to our clinic partners who serve them," said John Figueroa, Genoa's chief executive officer. "This addition allows us to combine our expertise and best practices to better serve consumers and our partner mental health centers. We look forward to bringing even more value and innovative solutions to our partners and consumers."
APS' chief executive officer Mark Bradford further explained why the combination is a fit. "Over the past seven years APS has worked to build a team that is passionate about and committed to serving the unique needs of patients with mental illness, Community Mental Health Centers, and behavioral health hospitals. During that time we've grown from caring for a few hundred patients in Mississippi to several thousand patients throughout the Mid-South and Southeast. We're pleased to be partnering with Genoa. Our core values are in alignment, and we share the same passion and commitment to patient care and client service. We're particularly excited to know our employees, patients, and clients will have access to more resources and cutting edge technology than ever before."
This announcement comes on the heels of the release of a study published in the November issue of the Journal of Managed Care & Specialty Pharmacy, citing higher rates of medication adherence and lower rates of behavioral health-related hospitalizations and emergency department visits among CMHC patients utilizing Genoa on-site pharmacies compared to community pharmacies. "This peer-reviewed study validates Genoa's positive impact on patients' lives and reflects our team's commitment to working with our community mental health center partners to improve outcomes and reduce healthcare costs," commented Figueroa. "The APS acquisition allows Genoa to expand our reach to help more of the over 40 million Americans with mental illness."
About Genoa, a QoL Healthcare Company
Genoa has been serving the behavioral health community for over 15 years. The company provides pharmacy and telepsychiatry services to more than 500,000 individuals annually in 44 states and the District of Columbia, filling more than 10 million prescriptions per year. Genoa is the sixth largest drug chain in the United States with over 340 pharmacies located onsite within community mental health centers.
About Advanced Pharmacy Solutions, LLC
Advanced Pharmacy Solutions, LLC opened in 2003 for the purpose of helping people with mental illness find access to their therapy in a caring, respectful environment. Today, APS has helped over 50,000 clients and works with over 50 clinics throughout the South.
Contact: Melissa Odorzynski
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