Calvert Street Capital Partners Acquires OPUS-ISM
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Calvert Street Capital Partners Acquires OPUS-ISM

Lagniappe Health, a portfolio company of Calvert Street Capital Partners, has completed the acquisition of OPUS-ISM, a provider of pharmacy management systems. “We are pleased to support Lagniappe in its acquisition strategy to become a dominant provider of technology products and services to the pharmacy market. The acquisition of OPUS helps Lagniappe to increase its market share and diversify its customer base,” said Mike Booth of Calvert Street.

OPUS-ISM is a national provider of pharmacy management systems, POS software and related services to all types of pharmacies including: retail, managed and long-term care, HMO, outpatient hospital, nursing homes/facilities, specialty pharmacies and other institutions. The company is headquartered in Pine Brook, NJ (www.opus-ism.com).

Lagniappe Health is a holding company formed by Calvert Street to provide software and technology enabled data solutions to the healthcare services industry. To date, the company has acquired Healthcare Computer Corporation (www.hcc-care.com) and Freedom Data Services (www.fdsrx.com). Lagniappe Health is based in Fort Worth, TX.

Calvert Street makes control investments in niche manufacturing and business service companies that have a minimum of $5 million of EBITDA and are located in the US or Canada. The firm is based in Baltimore, MD (www.cscp.com).

“This transaction is a strategic partnership that represents a continuation of Lagniappe Health’s plan to build and strengthen our company through acquisition and organic growth,” said Jacob Canova, CEO and President of Lagniappe Health. “Our plan is to leverage our products and services across our entire customer base with a focus on innovative technology solutions and exceptional customer service.”

© 2012 PEPD • Private Equity’s Leading News Magazine • 10-25-12

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