Cumberland, Maryland-based Factor One Source Pharmacy has acquired Fast Access Specialty Therapeutics, a specialty pharmacy based in Metairie, in a cash-and-stock deal. Details of the acquisition were not released.
Fast Access, also known as F.A.S.T., has 42 employees and average annual revenue of $100 million. The company delivers its medications to the home, hospital, physician's office or infusion center and focuses its services on rheumatology, dermatology, hematology, oncology, addiction recovery and osteoporosis patients.
Factor One, or FOSRx, is a specialty pharmacy that provides medications and services to people with complex or hard-to-manage medications nationwide. The combined companies are projected to generate about $136 million in revenue in 2016 and $156 million in 2017.
Fast Access will retain its name but will function under the umbrella of Factor One, or FOSRx, and add "Powered by Factor One Source Pharmacy" to its name.