Jackson Walker served as legal counsel to Tarrytown Expocare in securing an investment from Chicago-based healthcare private equity firm Sheridan Capital Partners for an undisclosed amount. In addition, Tarrytown Expocare’s founder and management team have retained a meaningful ownership stake in the business.
Founded in 2013 and headquartered in Austin, Texas, Tarrytown Expocare is a national long-term care pharmacy that provides prescription medication to patients primarily residing in group homes and offers clinical administrative services to its facility partners.
In a January 7, 2020, announcement, Sean Dempsey, a Partner at Sheridan Capital Partners, said that Tarrytown Expocare “has grown significantly due to the team’s IDD [intellectual and developmental disabilities] domain expertise and patient-first philosophy, its streamlined operations and distribution processes, and value-added services offered to its IDD group home providers.”
Mark Newberry, Founder and Chief Executive Officer of Tarrytown Expocare, noted: “Through Sheridan’s investment, we foresee accelerated growth and even better service to individuals and group home providers. The history of trust in Brad Knippa and the Jackson Walker team and the effective counsel they provided were essential to the success of this transaction. We look forward to leveraging Jackson Walker’s legal insights and experience as we navigate our future growth.”
“The history of trust in Brad Knippa and the Jackson Walker team and the effective counsel they provided were essential to the success of this transaction.”
“We’re proud to serve as legal counsel to Mark Newberry and the leaders of Tarrytown Expocare as they continue to grow their services and favorably impact the lives of their patients” said Brad Knippa, who co-led the Jackson Walker team with Dallas partner Mike Laussade. Brad added that “Tarrytown Pharmacy has held an iconic position in the Austin community for almost 80 years, and Jackson Walker is honored to help extend the Tarrytown brand through the Tarrytown Expocare platform, which will be able to further expand its national presence as a result of this transaction.”
Under the leadership of Bradley S. Knippa and Michael L. Laussade, the Jackson Walker team included partner Michael F. Meskill and associates Wilson B. Albright and Kathleen D. Cullen. Partners Virginia Alverson Mimmack, Raman N. Dewan, Cassie Ross, Greta E. Cowart, Nathan T. Smithson, and Steven D. Moore provided subject matter counsel on the transaction.
For more information about the transaction, view Sheridan Capital Partners’ announcement.
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