Navigation Links
New Day Pharmacy Receives $10.2 Million in Growth Capital
Date:7/8/2009

NASHVILLE, Tenn., July 8 /PRNewswire/ -- Nashville-based New Day Pharmacy is expected to see rapid growth after the infusion of $10.2 million in growth capital from a syndicate of institutional investors led by Council Ventures.

The investment will allow New Day to offer its revolutionary virtual "in-house pharmacy" services to any long-term care facility in the U.S. The "green-friendly" technologies allow nurses to safely dispense medications to patients within minutes -- a rarity in long-term care. The state-of-the-art tools, which include integrated information systems at no additional cost, are designed to decrease costs, reduce medication errors and waste, and improve patient care and safety. The company currently serves long-term care facilities in Florida, Indiana, Ohio and Tennessee.

"We are thrilled to be partnering with Council Ventures on a groundbreaking project that vastly improves the way long-term care patients receive their medications," said company President Dick Wager. "Council officials have already contributed an enormous amount of resources and experience to help take New Day to a new level."

Co-investors in New Day include the well-known healthcare services venture capital firm Clayton Associates, Council operating partners James M. Usdan and Linwood A. "Chip" Lacy Jr., and a Fortune 500 company strategic investor affiliated with one of Council Venture's limited partners.

Usdan, a veteran health care executive, will lead New Day Pharmacy as chairman and CEO. Dennis C. Bottorff, Council's managing general partner, and its operating partner, Lacy; and Matt King, Clayton Associates' managing director; have joined New Day's board.

"New Day Pharmacy's business model provides superior value proposition over its competition that is already resonating in the marketplace," said Bottorff. "The New Day system saves customers money, is safer for patients, and is easier for nurses to use. In short, it is on the 'right side of change' in health care."

Its "in-house pharmacy" features a virtual information data bank, a paperless admissions process, a time-sequenced packaging system, long-distance delivery of medications, and on-site medication dispensing units.

New Day Pharmacy is located at 5215 Linbar Drive in Nashville. For more information about New Day or its products and services, call (615) 515-4710 or (866) 395-9476, send an e-mail to dick.wager@newdaypharmacy.com, or visit http://www.newdaypharmacy.com.


'/>"/>
SOURCE New Day Pharmacy
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Diplomat Specialty Pharmacy: Only Vendor to Receive URAC Accreditation for Both Disease Management and Drug Therapy Management
2. Pharmacyclics Sets Record Date for Rights Offering
3. Armed Forces Retirement Home Selects Millenniums Pharmacy Services
4. CVS/pharmacy and MinuteClinic Receive Award of Excellence from National Influenza Vaccine Summit
5. The National Council on Aging and CVS/pharmacy Educate Pennsylvania Seniors on Medication Management and How to Save Money on Prescription Drugs
6. CNI Pharmacy Technician Program
7. Arcadia HealthCare Names Former Walgreens Executive Charles Goodall as Vice President of DailyMed(TM) Pharmacy Operations
8. Medcos Advanced Pharmacy Adds 162 New Jobs for Total of 1,400
9. New Compounding Pharmacy Videos Provide Product Information, Teach Safety
10. Commercial Medical and Pharmacy Benefit Enrollment Down in New York
11. HealthLeaders-InterStudy Launches Pharmacy Benefit Evaluator
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... ... "With 30 hand-drawn hand gesture animations, FCPX users can easily customize each ... Film Studios. , ProHand Cartoon’s package transforms over 1,300 hand-drawn pictures into hand ... select a ProHand generator and drag it above media or text in the Final ...
(Date:6/25/2016)... , ... June 25, 2016 , ... Conventional wisdom preaches ... success. In terms of the latter, setting the bar too high can result in ... than just slow progress toward their goal. , Research from PsychTests.com ...
(Date:6/24/2016)... Texas (PRWEB) , ... June 24, 2016 , ... ... International Conference and Scientific Sessions in Dallas that it will receive two significant ... of the grants came as PHA marked its 25th anniversary by recognizing patients, ...
(Date:6/24/2016)... ... ... People across the U.S. are sharpening their pencils and honing their writing ... which patients and their families pay tribute to a genetic counselor by nominating him ... Genetic Counselors (NSGC) Annual Education Conference (AEC) this September. , In April, Genome ...
(Date:6/24/2016)... ... ... National recruitment firm Slone Partners is pleased to announce the ... as Vice President of North American Capital Sales at HTG Molecular . ... team in the commercialization of the HTG EdgeSeq system and associated reagents in North ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... 2016  Collagen Matrix, Inc., ("Collagen Matrix") the ... of collagen and mineral based medical devices for ... Bill Messer has joined the company as ... the growing portfolio of oral surgery, neurosurgery, orthopaedic ... joins the Collagen Matrix executive team as an ...
(Date:6/24/2016)... , June 24, 2016 ... the "Structural Electronics 2015-2025: Applications, Technologies, Forecasts" ... In-Mold Electronics, Smart Skin, Structural ... Structural electronics involves electronic and/or ... protective structures, replacing dumb structures such as vehicle ...
(Date:6/24/2016)... DUBLIN , June 24, 2016 ... "The World Market for Companion Diagnostic Tests" report to ... World Market for Companion Diagnostics The World ... diagnostic and personalized medicine diagnostics. Market analysis in the report ... Diagnostics Test Market (In Vitro Diagnostic Kits) by Region (N. ...
Breaking Medicine Technology: