Apollo Care receives growth equity investment from Flexpoint Ford.

Healthcare industry's rapidly growing patient access and business solutions provider Apollo Care announced today that it has successfully completed a significant equity investment from Flexpoint Ford. This funding will accelerate Apollo Care's investments in technology and innovation areas such as patient copayments, hub solutions, data warehousing, and commercial analytics platforms.

"This is a major milestone for Apollo Care, whose mission is to transform the patient experience to improve drug affordability, accessibility, and adherence," said Ben Bove, President, CEO, and Chairman of Apollo Care. "This investment will enable us to further enhance our technological capabilities, expand our operations, and deliver greater value to our clients."

Flexpoint Ford is a private equity firm focused on the healthcare and financial services industries, providing customized and flexible capital solutions to its partner companies. The firm manages approximately $8.2 billion in assets.

"Flexpoint's expertise and shared vision make them the ideal partner to support our ambitious growth plans. We are excited to work together to redefine the possibilities of providing copayment and hub service solutions for the pharmaceutical industry," said Michael Aquilino, CFO of Apollo Care.

Under the terms of the investment, Flexpoint Ford will hold a minority stake in Apollo Care, with Jonathan Oka and Elliot Lauzen joining the company's board of directors. The investment was made through Flexpoint Fund V.

"We are thrilled to partner with Ben and the Apollo Care team," said Jonathan Oka, Managing Director and Head of Healthcare at Flexpoint Ford. "In just a few years, Apollo Care has emerged as an innovator in developing practical solutions to some of the biggest commercial challenges facing the pharmaceutical industry. We look forward to working closely with the team to achieve their growth objectives."

"Given the growing demand for differentiated patient access programs, we see significant opportunities for Apollo Care in the future and look forward to driving long-term strategic value," added Elliot Lauzen, Partner at Flexpoint Ford.