Injured Workers' Pharmacy successfully acquires Chronic Care Inc.
The acquisition delivers IWP entry into the largest workers’ compensation market in the United States with 20 percent of all workers’ compensation claims and nearly 25 percent of all U.S. workers’ compensation pharmacy spend. The acquisition also expands IWP’s operational footprint to Andover, Massachusetts; Phoenix, Arizona; and now Monrovia, California.
“Our entire team is excited about the addition of CCI,” IWP President and CEO Ken Martino said. “With this new acquisition, IWP and CCI will continue to thrive as a patient advocate for injured workers in a complex and evolving environment that requires specialized solutions tailored to the unique characteristics of the workers’ compensation marketplace.”
CCI, established in 1975, is one of the largest and most comprehensive Workers’ Compensation pharmacies in California with a service area from Sacramento to San Diego.
IWP is a portfolio company of affiliates of ACON Investments LLC based in Washington, D.C. It is a specialty home delivery pharmacy serving patients injured in accidents covered by Property Casualty insurance. IWP ships medications directly to the patient and managed complex reimbursement processes.