Genoa acquires Advanced Care’s behavioral health, residential care services

TUKWILA, Wash. — Genoa on Thursday announced that it would be acquiring Advanced Care’s Behavioral Health and Residential Care Services Division, including 13 pharmacies in Michigan. The acquisition raises the number of Genoa pharmacies in Michigan to 24, with more than 325 nationally, most of which are located onsite at community mental health centers.

 

“The addition of the Advanced Care behavioral health pharmacies to Genoa brings together two providers of behavioral health pharmacy services into one organization committed to a common mission of serving those with mental illnesses and addictions," Genoa CEO John Figueroa said. “We believe, as an expanded company, we will be able to better serve consumers and our partner mental health centers. We look forward to sharing best practices and building on our foundation to produce an even higher level of quality and care for the individuals we serve."

 

The announcement of the acquisition comes shortly after a new study in the Journal of Managed Care & Specialty Pharmacy highlighted the high rates of adherence and low rates of behavioral health-related hospitalizations among patients using on-site Genoa pharmacies, compared to community pharmacies. 

 

“Our decision to partner with Genoa makes sense on a number of levels,” Advanced Care CEO Grant Brown said. “Our models of care, services, and values are aligned, and we believe this is an ideal way to continue providing the absolute highest level of care for thousands of people in Michigan living with mental illness.”