QoL Meds
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About QoL Meds
QoL Meds operates as a specialty pharmacy provider with a focused business model centered on the behavioral health sector. Founded in 1999 and headquartered in Pittsburgh, Pennsylvania, the company establishes and runs full-service pharmacies directly within community mental health centers (CMHCs) and federally qualified health centers (FQHCs) across the United States.
The core of its business is to partner with these health centers, leasing space to provide on-site pharmacy services. This co-location strategy is designed to offer convenient medication access for patients, which in turn helps increase medication compliance and provides a direct feedback loop to prescribers. The company's services are customized for each center through its "Partners in Care Program" and include assistance with prior authorizations, patient assistance programs, and medication management. For locations that do not qualify for a full on-site pharmacy, QoL Meds can provide a Clinical Medication Coordinator (CMC).
The company's history includes a period of significant expansion under the leadership of pharmacy executive Jim Smith, who grew the operation from 12 to 86 pharmacies. A key milestone occurred in August 2014 when QoL Meds was involved in a Buyout/LBO with Genoa Healthcare. Following this, the combined entity, renamed Genoa Healthcare, a QoL Company, became a market leader in mental health pharmacy. The company was later sold to Advent International in 2015.
Source: Dealroom company dataAt a glance
- Founded
- 1999
- Headquarters
- Tukwila, United States
- Sector
- Health Tech & Medtech
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