BOSTON--(BUSINESS WIRE)--Jan. 3, 2005--Private equity investment firm Thoma Cressey Equity Partners (TCEP) announces today that on Dec. 29, 2004, it completed a recapitalization of Continuing Care Rx, Inc. (CCRx), a subsidiary of PHI, a Pennsylvania-based 501(c)(3) not-for-profit organization. CCRx provides comprehensive pharmacy services to institutional long-term care, acute and subacute managed care, assisted living and health care systems. As a result of this transaction, TCEP, which has been building companies in partnership with management for almost 25 years, acquired a controlling interest in CCRx.
