Pharmacy company backed by Mayo, Kaiser, Intermountain names CEO

A sterile compounding pharmacy company backed by the venture capital arms of Oakland, Calif.-based Kaiser Permanente, Rochester, Minn.-based Mayo Clinic and Salt Lake City-based Intermountain Health has appointed a new leader.

Joseph Cosgrove was named president, CEO and director of Leiters, a 503B outsourcing provider, on Jan. 16. For the past 15 years, he was chair, president and CEO of compounding company Pentec Health, which landed three private equity deals during his tenure.

Besides Kaiser Permanente Ventures, Intermountain Ventures and Mayo, Leiters has gotten investments from Corewell Health Ventures (formerly Spectrum Health Ventures), Winston-Salem, N.C.-based Novant Health, Rex Health Ventures, Chapel Hill, N.C.-based UNC Health, Houston-based Memorial Hermann Health System, and another "top 5 U.S. health system" yet to be announced, according to a Jan. 24 company news release.

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