WindRose Health Investors has announced it has completed the recapitalization of Terrapin Pharmacy.
Terrapin, based in Annapolis, Md., is a specialized pharmacy primarily serving individuals diagnosed with severe and persistent mental illnesses in the Mid-Atlantic region. Founded in 2005, the company states it serves skilled nursing and rehabilitation facilities, assisted living facilities and retirement communities.
WindRose, based in New York, pursues control equity investments in healthcare companies. Founded in 2000, the firm invests in a broad range of industry segments, including outsourced services to payors and health systems, technology-enabled services, healthcare providers and value-added distribution.
Terms of the transaction were not disclosed.