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Salveo Specialty Pharmacy, Inc. Completes Additional Equity and Debt Financings and Acquisition of Mission Road Pharmacy
Date:12/4/2012

pany's future growth.  Salveo has assembled a strong management team and investor group experienced at growing young healthcare services companies.  Sofinnova has successfully invested in specialty pharmaceutical products for many years, and Salveo represented a compelling opportunity for us to leverage that expertise to enter the rapidly-growing specialty pharmacy space.  

Added Greg Ratliff, Senior Vice President with Regions' Healthcare Group, "We are very pleased about the opportunity to partner with Salveo and enhance its capital position as it continues to grow both organically and through acquisition.  Regions has an extensive lending background within healthcare services and specialty pharmacy, and we look forward to providing debt capital to Salveo as it continues to execute on its strategic goals and initiatives."

The former principals of Mission commented, "We are thrilled to have found an ideal partner in Salveo.  The Salveo team shares our same philosophy of always prioritizing superior patient care, customer service and clinical excellence.  We are look forwarding to an excellent working relationship with the Salveo team and the continued growth of our business."

"The Salveo management team welcomes our new partners in Sofinnova Ventures and Regions Bank. Sofinnova brings to Salveo a wealth of experience in healthcare investing, providing capital and expertise to support the growth of emerging pharmaceutical and biotech companies.  Additionally, Regions has a strong healthcare lending practice and a proven track record assisting growth-oriented companies like Salveo fund their expansion plans.  With the continued support of Three Arch, NewSpring and Petra, and the addition of Sofinnova and Regions to the Salveo team, we have exciting plans to expand and extend our services to meet the complex needs of our patients and customers," said Jeff Freedman, CEO of Salveo.  "And we look forward t
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SOURCE Sofinnova Ventures
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