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Casandra Smith, who designed Pijja Palace’s modern sports bar interior, is charged with capturing Schezwan Club’s moodier vibe. “We’re having a lot of darker cherry woods, we might throw a neon sign in there. The 2,500-square-foot space, which is currently occupied by the Thai restaurant April 90’s Something, will seat 80 diners.
Pijja Palace’s Hotly Anticipated Follow-Up Is Right Next Door
Treatment for Hepatitis C runs $30,000 for a standard 30-day program, which works out to $1,000 a pill. The cure rate is 95%, versus 40% with traditional treatments. Health insurance often covers the majority of the cost, but even the co-pay can be daunting.
Portland pharmacy is different by design, and growing fast
We're actively seeking new team members now, and expect hiring to continue. There is often prior authorization needed [before the prescription can be filled] and extensive criteria that must be met,” says Catherine Cloudman, another principal at the company. A drug aimed at the symptoms of Hepatitis C is partly responsible for the company's rapid growth, but also it's indicative of the depth of specialty.
Apothecary by Design selling retail pharmacy
WOONSOCKET – CVS Health Corp. has acquired Portland, Maine based Apothecary By Design’s specialty pharmacy business from New York-based BelHealth Investment Partners Jan. 7, and plans to keep each of the company’s 38 employees. The companies stated that the merger would enable CVS to tap Aetna’s extensive provider network and provide “greater consumer access through CVS Health’s 9,700 pharmacy locations and 1,100 MinuteClinic walk-in clinics nationwide. They also highlighted additional expansion opportunities through “Omnicare’s senior pharmacy solutions, Coram’s infusion services and the more than 4,000 CVS Health” nurses nationwide providing in-clinic and home-based care.
Mark Andrew McAuliffe Obituary - Portland, ME - Dignity Memorial
Mark Andrew McAuliffe Obituary - Portland, ME.
Posted: Sat, 21 Oct 2023 07:00:00 GMT [source]
It’s a locally based company that has bucked the industry trend of mega-drugstores by offering pharmaceutical services with a personal touch. While Schezwan Club’s menus and design details are still months away from being finalized, what’s certain to carry over to the new restaurant is the distinct culture that Naran and his team have cultivated at Pijja Palace. “I think our inexperience has its pros and its cons in terms of how our employees view me and Miles [Shorey],” says Naran. “I’ve worked in a lot of restaurants where I’ve had a boss — this doesn’t feel like that.” In addition to fostering an egalitarian environment void of traditional hierarchies, Naran wants staffers to just be themselves. “I don’t want anybody on my staff to feel like they’re not being [genuine].
CVS to acquire Apothecary By Design
Apothecary by Design, a BelHealth Investment Partners portfolio company, is a rapidly growing specialty pharmacy with a high-touch service model and a focus on advocating for patients with chronic diseases. Headquartered in Portland, Maine, ABD provides intensive case management services regionally and nationally to patients who have complex medical conditions, such as infertility, hepatitis C, HIV and rheumatoid arthritis. Through support, education and advocacy, ABD puts patients on a path toward better health and quality of life. Apothecary by Design, which was founded in 2008, will focus on specialty medications and compounds, including specialty medications for hepatitis C, HIV and infertility. It will continue to provide services to patients with chronic, complex diseases.
It’s this palpable team spirit that has retained many of Pijja Palace’s original staffers, kept the restaurant thriving, and made the next chapter a reality. The company’s other major investment in 2013 was working to obtain an important industry accreditation that allows it to work with a broader range of health insurance providers. Transplant patient Debra Warshawsky has been getting her anti-rejection drugs from the pharmacy since July 2009, when she received a kidney transplant from her sister.
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Apothecary by Design offers compassionate care to thousands of patients as well as clinical services and support to prescribers, payors and manufacturers. “CVS Specialty patients receive ongoing disease education, counseling, and benefits verification, as well as coordination of care with multiple health care providers, comprehensive patient education and adherence management,” she said. PITTSBURGH (March 24, 2016)—Apothecary by Design (ABD), a rapidly growing specialty pharmacy serving patients with complex conditions such as infertility, recently announced that it has acquired Healy Pharmacy, of Warrenville, Illinois. Apothecary by Design, one of Maine’s fastest growing companies, will sell its retail pharmacy in Portland to a team that includes one of the company’s founders. Apothecary by Design is actually three businesses in one. We have delivered high levels of satisfaction among patients and clinics, which in turn has led to referrals and more business.
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Last year, it was No. 854 on Inc. magazine’s list of the 5,000 fastest-growing private companies and was the fourth-fastest-growing specialty pharmacy on the list. “The transaction will allow CVS Health to provide the highest level of specialty pharmacy care to patients currently served by Apothecary By Design,” CVS said in a statement about the acquisition. The fastest-growing pharmacy in Portland isn’t CVS, Walgreens or Rite Aid.
The company’s first profitable year was 2012, he said, although he would not disclose the dollar amount. It experienced a net loss in 2013 because of two key investments that McAuliffe said have allowed the pharmacy to grow sales much more rapidly this year. The specialty pharmacy is the fastest-growing segment of the company, at 15 percent to 20 percent a year, said Mark McAuliffe, managing partner of Apothecary by Design. The company expanded in 2013 into a second, larger facility at 141 Preble St. Its original retail pharmacy location at 84 Marginal Way remains open. We've hired staff, added a new facility in Portland, built out our infrastructure and successfully completed the rigorous process of accreditation by two of health care's leading standard-setting organizations. CVS Health is buying ABD from its parent company, BelHealth Investment Partners.
The restaurant will also serve regionally influenced classic cocktails like the Singapore Sling and the Pegu Club from Myanmar. Naran knows that it won’t be easy to procure the specialty liquors required to produce these rarer drinks, but the trouble will be worth it to honor Schezwan Club’s vision. “That’s the vibe I’m trying to go for, a little bit more medicinal, really following things that both China and India are rich in — spices, herbs, teas.
Please check your email to confirm and complete your registration. It reported sales of about $116 million in 2015, up from $3.6 million in 2009, but as a privately held company, does not have to report financial information each year. CVS said it plans to retain the 38 employees who work at Apothecary by Design’s Preble Street location and won’t be changing the name of the company. It will operate under the CVS Specialty division, which is part of CVS Health. CVS regularly makes such small acquisitions, said Amy Lanctot, senior manager of public relations at the company.
A number of outdoor concerts are already slated for the lot next door, which you’ll be able to witness from Apothéke’s stunner of a deck. Of course the bar also hosts its own performances, regularly filling both indoor and outdoor spaces with things like DJ sets, small acoustic shows and jazz duets. They really go above and beyond to make sure you are healthy, get the best price, and work closely with your doctor. The pharmacist I spoke to today recommended an alternative treatment that is less costly and better for me. I have been going to this place for years and they have the best customer service.
With the BelHealth investment, in the next 18 to 24 months, Apothecary by Design expects to expand to at least one other East Coast location and one location in the Midwest. The sites will be in states with similar regulatory climate as Maine, and serve as not only pharmacies but distribution hubs, each staffed by 10 to 20 workers of all skill levels. The investment also makes the company more competitive with pharmacy benefit managers, some of whom have mail-order outlets. Apothecary by Design was founded in 2008 and has grown rapidly.
Much of its sales are driven by specialty and “complicated” medications, which are by their nature higher in cost. Its specialties include women's health, Hepatitis C, HIV/AIDS, autoimmune disorders and infertility. BelHealth, based in New York, purchases companies in the health sector. It typically adds management teams to the companies to boost their financial health and then resells the companies. Its current holdings include a health care staffing firm and a home health care provider. Over the past year, Apothecary by Design LLC has made multiple lists of fastest-growing companies, including No. 1,813 on the Inc. 5000, based on its three-year revenue growth of 228 percent from 2010 to 2013.
The pharmacy also seeks out manufacturer coupons or grants from private foundations to help patients afford their drugs, McAuliffe said. Specialty drugs can cost thousands of dollars a month, which makes it essential to work with patients to come up with payment plans they can manage, McAuliffe said. Apothecary By Design last year was No. 854 on Inc. magazine’s annual list of the country’s 5000 fastest-growing private companies.
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