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:3/24/2017)... ... March 24, 2017 , ... Gastro Health ... to prep patients for colonoscopy at the HyGIeaCare® Center that is to be ... FL. , The HyGIeaCare® Prep, cleared by the U.S. Food and ...
(Date:3/24/2017)... ... March 24, 2017 , ... “End Time GPS”: a ... will interrelate. “End Time GPS” is the creation of published author, Wesley Gerboth, ... working on military munitions and space-vehicle projects. Now, at age ninety-one, he shares the ...
(Date:3/23/2017)... (PRWEB) , ... March 23, 2017 , ... In 2016 ... now estimates that there could be four million Zika-related cases in the Americas within ... with numbers of US cases reported per year skyrocketing to an estimated 329,000. Yet, ...
(Date:3/23/2017)... ... , ... Texas Physical Therapy Specialists (TexPTS) is pleased to announce the ... clinic is the group’s second in New Braunfels and 22nd in Texas. , TexPTS ... location brings things full circle for the group, “It’s crazy to think that we ...
(Date:3/23/2017)... ... 23, 2017 , ... 82% of adults are unaware of the dangers that infectious bacteria play ... the minimum two times a day that dentists recommend. The ramifications of improper oral upkeep ... school and adults missing 164 million hours of work each year due to dental issues. ...
Breaking Medicine News(10 mins):
(Date:3/24/2017)... YORK , March 24, 2017 ... and Equipment stocks, which are: Neovasc Inc. (NASDAQ: NVCN), Hologic ... Heart Inc. (NASDAQ: SSH ). These companies are ... its prior gains on Thursday, March 23 rd , 2017, ... afternoon, while shares of health care companies in the S&P ...
(Date:3/24/2017)... BOTHELL, Wash. , March 23, 2017 /PRNewswire/ ... developer of advanced medical technology for non-invasive surgery, ... the Mirabilis System for treatment of uterine fibroids ... that it had received approval from the US ... study of the Mirabilis System in the United ...
(Date:3/23/2017)... Mosaic Life Care, based in St. Joseph, Missouri , ... network of 58 clinics, located in 22 cities, and its flagship St. Joseph Medical ... improve the delivery of health care to its patients, including the insurance, billing and ... ... Mosaic Life Care St. Joseph Medical Center ...
Breaking Medicine Technology: