The Paquin Group announces the formation of the Healthcare Retail Partnership, LLC.
The Paquin Group has formed the Healthcare Retail Partnership, a wholly owned subsidiary dedicated to establishing retail based partnerships with hospitals.
Orlando, FL (PRWEB) February 4, 2006 -- The Paquin Group (www.thepaquingroup.com), the nation’s leading specialist in healthcare-based retail, today announced the formation of the Healthcare Retail Partnership, LLC (HRP), a wholly owned subsidiary dedicated to establishing retail based partnerships with hospitals. The company was formed in response to requests made by hospital clients who are looking for a partner to joint venture retail initiatives within their health systems.
Many CEO’s at hospitals across the country have recognized the retail opportunity within their system but prefer to share capital and management risk with a qualified partner. HRP was established by The Paquin Group to meet that need, “This subsidiary brings together the best management, operational resources and facilities to deliver world class retail businesses in partnership with our hospital clients,” said Tony Paquin, CEO of The Paquin Group.
“The partnership offers services in ecommerce, order fulfillment, direct marketing, store design and management, and capitalization,” he added. Paquin explained that the partnership will play a key role in the advancing his vision for ‘mission based retail’ at hospitals across the country. “In today’s economy consumers have proven that they want to support retailers that serve society and their communities. There is no better example of that than hospitals. We call this Mission Based Retail”, he explained.
The Paquin Group has selected Infusion Capital as the investment banking partner to help meet the capital needs of the newly formed partnership. Bankers at Infusion Capital have played a key role in raising over $1 billion in financing for their client-companies in over 100 initial public offerings and stock private placements.
“We are very excited about the formation of this firm. We recognize that there is a massive high-profit retail opportunity for hospitals across the country,” said Kelly McCarthy, president and founder of Infusion Capital. “We look forward to delivering the capital formation strategies Paquin needs to make healthcare retail a nationwide reality,” she said.
Although HRP will be equipped to provide a wide range of offerings in partnership with their hospital clients, the partnership will initially focus on direct marketing, eCommerce, and Medical Spa projects.
About The Paquin Group
The Paquin Group is an alliance of industry leading experts and resources created to assist hospitals in the implementation of healthcare retail strategies. The company’s core mission is to increase revenue opportunities and minimize risks for healthcare organizations. As Medicare reimbursement rates continue to be pressured downward and expenses rise, new sources for non-reimbursed revenues are becoming essential to the financial viability of hospitals. The Paquin Group helps hospitals identify and implement these new retail revenue strategies.
About Infusion Capital
Infusion Capital provides a uniquely integrated approach to capital formation. They have the experience and expertise to guide clients through complex capital formation processes. They leverage their years of investment banking experience on Wall Street, and their long term relationships with leading portfolio management firms, key investment managers, and national brokerages to help clients make the right connections and deliver a consistently powerful message that gets results. For further information about Infusion Capital, visit www.infusioncapital.com.
Contact Alexis Graham, Communications
407-566-1012 or alexis.graham-at-thepaquingroup.com
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