Houlihan Lokey Advises Biomatrix Specialty Infusion Pharmacy

Transaction: BioMatrix - ACON - Triton Pacific Healthcare Partners - Frazier

Houlihan Lokey is pleased to announce that BioMatrix Specialty Infusion Pharmacy (BioMatrix), a portfolio company of ACON Investments (ACON) and Triton Pacific Healthcare Partners, has been acquired by Frazier Healthcare Partners (Frazier). Houlihan Lokey served as the exclusive financial advisor to BioMatrix. The transaction closed on June 21, 2024.

BioMatrix, headquartered in Plantation, Florida, is a leading national provider of home-based infusion services with clinical expertise in neurological diseases, immunology deficiencies, and transplants, as well as blood disorders. BioMatrix serves a diversified base of patients with more than 2,500 physician-referral relationships across all 50 states. The company delivers a high-touch, patient-centric model built around therapeutic centers of excellence that provide superior management of patient therapies.

ACON is a Washington, D.C.-based international private equity investment firm that manages private equity funds and special purpose partnerships that make investments in the United States, Latin America, and Europe. With professionals in Washington, D.C., Dallas, Los Angeles, New York, Bogotá, Madrid, Mexico City, and São Paulo, ACON has managed $7 billion in assets since inception and has a 28-year track record.

Triton Pacific Capital Partners, founded in 2001, is a private equity firm offering unique investment opportunities to institutional and high-net-worth investors. Its healthcare division, Triton Pacific Healthcare Partners, has a dedicated healthcare investment team with a demonstrated track record of successfully sourcing, acquiring, and managing healthcare investments.

Frazier Healthcare Partners, founded in 1991, is a private equity firm focused exclusively on the healthcare industry. Since its inception, Frazier has raised over $8 billion of capital for private funds and co-investment opportunities and has invested in more than 200 companies over 32 years. Frazier has a philosophy of partnering with strong management teams while leveraging its internal operating resources and network to build exceptional companies. Frazier is headquartered in Seattle and invests broadly across the United States, Canada, and Europe.

Houlihan Lokey served as the exclusive financial advisor to BioMatrix and assisted in initiating, structuring, and negotiating the transaction on its behalf. This deal further highlights Houlihan Lokey’s leadership in the pharmacy and infusion-related services sector, becoming its seventh closed M&A transaction in this space since 2020. Houlihan Lokey’s Healthcare Group is among the largest dedicated healthcare investment banking groups in the world. In 2023, the group closed 34 transactions and was ranked by LSEG (formerly Refinitiv) as the No. 1 advisor for all global healthcare M&A transactions.*

*Excludes accounting firms and brokers.

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