Nutter Represents Innovation Associates in Consortium Investment Led by Former Walgreens Boots Alliance CEO Greg WassonPrint PDF
Nutter served as legal counsel to Innovation Associates, the market-leading provider of high-volume pharmacy automation technology and software solutions to the retail, hospital, government, and mail order pharmacy markets, in connection with a consortium of investors led by Greg Wasson, the former Walgreens Boots Alliance CEO, acquiring a majority stake to scale the business and enhance its pharmacy automation offerings. The Nutter deal team was led by Shannon Zollo, a partner in Nutter’s Corporate and Transactions Department and chair of the firm’s Mergers and Acquisitions practice group, and included Josh French, Jonathan Calla, Kelly Dutremble, Blake Tyler, and Kate Henry on corporate matters; Michael Mooney, Laura Marsell, and Erin Whitney on tax matters; Chris Lindstrom and Emily Grannon Fox on labor and employment matters; and Pat Concannon and Liza Hadley on intellectual property matters.
The consortium, comprised of Wasson Enterprise, Allomer Capital Group, and Capstone Consultants LLC, will partner with the founding Boyer family and Innovation employee shareholders, who will retain a minority ownership. Please click for more information on the transaction.
Using Innovation’s differentiated technologies, pharmacies can centralize prescription fulfillment across hundreds of locations. This results in greatly reduced dispensing costs, centralizes higher-cost medication inventory, and frees up pharmacists so they can expand patient services and increase medication compliance. Additionally, pharmacies benefit from improved workflow efficiency, increased patient safety, and reduced operational costs.
Nutter’s Corporate and Transactions Department represents domestic and international corporations, publicly traded and privately-held companies, private equity firms, nonprofit institutions, and family-owned businesses in a wide variety of domestic and cross-border transactions. The firm’s attorneys advise on significant transactions in every major industry sector, including manufacturing, high technology, life sciences, banking, professional services, real estate, energy, medical devices, and health care. Nutter’s corporate law practice handles the full range of M&A and private equity transactions, including representing buyers and sellers in auctions and bid processes, mergers, asset sales, stock purchases, leveraged buyouts, roll-ups, joint ventures, PIPEs, going private transactions, exchanges of securities, friendly and hostile tender offers, proxy contests, and acquisitions.
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