Coastal Infusion Services, established in 2017 and headquartered in Madisonville, Louisiana, specializes in providing at-home and alternate-site infusion therapies across the southern United States. The company operates six state-of-the-art Ambulatory Infusion Suites (AISs) strategically located throughout southern Louisiana, offering a comprehensive portfolio of infusion and injection medications. As an ACHC-accredited specialty pharmacy, Coastal Infusion Services delivers therapies for various specialties, including immunology, gastroenterology, neurology, endocrinology, and rheumatology.
In May 2024, Coastal Infusion Services was acquired by PromptCare, a leading national provider of in-home and alternate-site infusion therapies and high-tech respiratory services. This acquisition expanded PromptCare's national footprint and enhanced its mission to assist patients with rare and chronic medical conditions. Hunter Farrar, CEO of Coastal Infusion Services, emphasized the complementary nature of the merger, aiming to provide life-changing, cost-effective infusion and specialty drug therapies to a broader patient base.
Coastal Infusion Services' strategic focus centers on delivering high-quality, patient-centered infusion therapies. The company emphasizes advanced vascular access techniques utilizing the latest ultrasound technology and prioritizes patient education through video and written tutorials. By offering both home infusion therapy and outpatient infusion suite services, Coastal Infusion Services ensures comprehensive care tailored to individual patient needs.
The acquisition by PromptCare signifies a strategic expansion, though specific financial details of the transaction have not been publicly disclosed. Prior to the acquisition, Coastal Infusion Services reported annual revenues of approximately $3.4 million and employed 16 staff members.
Coastal Infusion Services' technological platform is distinguished by its adherence to the highest standards in sterile compounding, exceeding all USP 797 & 800 requirements. The company employs state-of-the-art monitoring and surveillance technologies to maintain these standards. Additionally, all compounding personnel undergo a rigorous 40-hour hands-on ACPE-certified training course in sterile compounding, ensuring exceptional quality and safety in their services.
The leadership team of Coastal Infusion Services includes experienced certified pharmacists and nurses dedicated to providing high-quality patient care. Following the acquisition, Hunter Farrar, who served as CEO, highlighted the synergistic potential of the merger with PromptCare to enhance service delivery and patient outcomes.
The home infusion therapy market is experiencing significant growth, driven by the increasing prevalence of chronic diseases and the demand for cost-effective treatment options. Coastal Infusion Services faces competition from other providers offering similar services, including Nursing Services Arizona, Transitions Home Health, Wellcare of North GA, Restoration Health Care, and Care Team Home Care. These competitors focus on various aspects of home healthcare and infusion services, contributing to a dynamic and competitive landscape.
The acquisition by PromptCare represents a significant strategic collaboration, enhancing Coastal Infusion Services' capacity to deliver comprehensive infusion therapies. This partnership leverages PromptCare's extensive resources and national reach, positioning Coastal Infusion Services to better serve patients with complex and chronic health conditions.
Coastal Infusion Services' commitment to exceeding industry standards in sterile compounding and patient education provides a distinct competitive advantage. The integration with PromptCare further strengthens its market position, enabling the company to offer a broader range of services and reach a larger patient population.
Looking ahead, Coastal Infusion Services aims to expand its service offerings and geographic reach through the partnership with PromptCare. By leveraging combined expertise and resources, the company is well-positioned to address the growing demand for home and alternate-site infusion therapies, ensuring high-quality, patient-centered care.
For more information, please visit the official website of Coastal Infusion Services.
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