Apax Partners & Co. Acquires Qualitest Pharmaceuticals and Vintage Pharmaceuticals
9/17/2007 12:08:49 PM
HUNTSVILLE, Ala.--(BUSINESS WIRE)--Funds advised by Apax Partners (“Apax”) have agreed to acquire Qualitest and Vintage Pharmaceuticals, a leading distributor and manufacturer of generic pharmaceuticals based in Huntsville, Alabama, USA.
Founded in 1983 by Mr. William S. Propst, Sr., Qualitest and Vintage Pharmaceuticals was established to provide quality generic pharmaceuticals at affordable prices. Today, the company produces tablets, capsules, liquids, suspensions, suppositories, creams, and ointments across a portfolio of over 160 products. The business has grown significantly over the past 24 years and is currently ranked among the top ten suppliers of generic pharmaceuticals based on the total number of prescriptions filled.