Aug 03, 2018

Letco Medical, L.L.C. Launches Pharmacy Financial Services to Support Compounding Pharmacy Growth

WAYNE, Pa.July 27, 2018 /PRNewswire/ -- Letco Medical, L.L.C. ("Letco Med" or "Letco"), a leading national supplier of quality compounding products, supplies and equipment, announces the launch of their Pharmacy Financial Services program, another in a series of new Letco Med offerings designed to partner with compounding pharmacies to grow their business and enhance profitability. 

Detailed information about Letco Med's Pharmacy Financial Services may be found at www.letcomed.com

Letco's Pharmacy Financial Services offering is uniquely designed to assist pharmacies by providing financing to purchase or lease capital equipment critical to running their business.  The array of benefits compounding pharmacies can take advantage of through this attractive program include:

  • Financing up to 100% of equipment costs, including all associated expenses (tax, delivery and installation);
  • A broad menu of financing options with flexible payment methods tailored to each customer's specific business needs and the status of their growth cycle;
  • An option to upgrade equipment as new technology becomes available with no additional up-front out-of-pocket monies required; and
  • Pharmacy Financial Services is a separate program, having no impact on customers' existing lines of credit with Letco.

Letco's Chief Financial Officer, Todd Way, said "Letco is excited to offer a unique financing program for customers at a time when new investments are required to satisfy emerging market and regulatory requirements such as USP<800> compliance for handling of hazardous substances.  We are very enthusiastic about this new offering and believe customers will be as well, as it allows compounding pharmacies to build a plan that aligns with their specific sales cycle, cash flow and budget needs."

Equipment financing through Letco is the smart choice for compounding pharmacies.  By helping customers operate smarter, without the need to dip into valuable capital, pharmacies experience a range of business benefits while still adhering to their own unique budgetary and cash flow requirements. 

About Letco Medical, L.L.C.

Letco Medical, L.L.C. ("Letco Med"), a 100% employee-owned company headquartered in Wayne, PA, is the supply partner of choice for profit-conscious compounding pharmacies everywhere.  Letco Med has invested heavily in building a company that can serve the needs of compounding pharmacists today, tomorrow and into the future, with a full line of products and complementary programs and services.  With a dedicated focus on the U.S. compounding market, Letco Med provides a wide and comprehensive portfolio of safe and consistent top-quality chemicals, compounding supplies and equipment at highly competitive prices.  Letco Med's product line includes chemicals covering a broad range of therapeutic categories, as well as supplies, equipment, capsules, pre-made topical bases and oral delivery vehicles.  In addition, Letco Med carries a deep assortment of dosage forms and delivery systems.

Since its inception in 1993, Letco Med has earned and built a reputation as one of the most innovative companies in the compounding industry.  Letco Med is focused on unwavering quality, exemplified by the company's industry-leading quality assurance programs, stringent quality control procedures and an unblemished record with the FDA.

Market Buzz

Feb 14, 2019 RXinsider is Proud to Welcome our Newest Partners!
Feb 12, 2019 Albertsons Companies Pharmacies Adopt TemperPack's ClimaCell™ Packaging
Feb 07, 2019 Fagron Launches New Brand Identity and Purpose
Feb 07, 2019 Medicine-On-Time has come together with Clinical Support Services, a leader in M...
Feb 04, 2019 Letco Med and Ananda Professional Partner to Bring CBD and Education to Compound...
Jan 30, 2019 Texas Children’s Hospital Expands Partnership with Omnicell
Jan 16, 2019 Helmer Scientific Launches the First Professional Medical-grade Refrigerators
Jan 15, 2019 The Compliance Team™ celebrates 25 years of accreditation transformation
Jan 11, 2019 CORE Higher Education Group partners with Pharmacists Mutual
Jan 10, 2019 SCA Pharma Awarded National Outsourced I.V. Admixture Services Agreement with Pr...
Jan 08, 2019 Tutela Welcomes the Center for Organ Recovery and Education
Dec 13, 2018 PharmaLink Launches Updated Website
Dec 11, 2018 Jorgenson Issues Annual List of Major Challenges Facing Hospital and Health Syst...
Nov 29, 2018 BD Expands Integrated Medication Management to Help Tackle Hospital Drug Diversi...
Nov 13, 2018 Akro-Mils 2019 Catalog
Nov 13, 2018 New Data Shows Many Health System Pharmacies Considering Consolidated Distributi...
Oct 17, 2018 Retail Management Solutions Celebrates 20 Years of Pharmacy POS Innovation
Oct 17, 2018 Hardy Diagnostics Releases a New Locking Lid Feature for all Contact Plates
Oct 15, 2018 Transaction Data Systems Partners with Community Pharmacies to Fight the Opioid ...
Oct 12, 2018 1st Patient-Centered Respiratory Home™ Accreditation Recipient Named
Oct 10, 2018 Augusta University Health Selects Omnicell’s Industry-Leading Medication Manag...
Oct 04, 2018 QS/1® Honors Pharmacists at NCPA
Oct 03, 2018 Innovation to Move to New Campus in New York’s Southern Tier to Accommodate St...
Oct 03, 2018 Equashield and Max Care Medical to Distribute Leading Closed System Transfer Dev...
Oct 01, 2018 Global Needlefree Closed System Transfer Device (CSTD) Market 2018 by Manufactur...
Sep 23, 2018 Prudential Overall Supply Celebrates Dan Clark's 50th Employment Anniversary
Sep 19, 2018 RXQ Compounding Expanding in Albany
Sep 17, 2018 Middlesex Hospital Bolsters Pharmacy Safety and Compliance by Extending Wolters ...
Sep 14, 2018 Synergy Medical once again among Canada's Top 500 Companies
Sep 10, 2018 American Associated Pharmacies Taps FDS to Bring its Members a State-of-the-Art ...

RXinsider Product Overview Videos