October 30, 2016 / News and Events, Awards

Marcum Innovator of the Year Award to Pentec Health Chairman, President and CEO

Marcum LLP and Philadelphia SmartCEO recognized Joseph Cosgrove, Chairman, President and CEO of Pentec Health, Inc. as a leader in innovation at the 2016 awards ceremony held October 26, 2016 at the Sugarhouse Casino in Philadelphia, PA. The Marcum Award honors business leaders whose corporate innovations have positively impacted the region’s economy and whose services offer significant benefit to their customers. Award categories included biotechnology, healthcare, business services, manufacturing, real estate and technology sectors. Mr. Cosgrove was the award winner in the large manufacturing category.

Pentec Health, Inc. has traditionally provided compounded sterile medications intended for patient administration. The firm recently announced plans to enter new markets as an FDA registered outsourcing facility providing products to the hospital market. To develop its new model, Pentec looked for input from the end users. “We went to the customers, the hospital pharmacies, and brought them on in an advisory capacity. We re-engineered our entire process based on that outward-looking feedback that we received from the customers.”

In accepting the award, Mr. Cosgrove recognized the efforts of nearly 600 Pentec employees. He noted, “The process of transforming a concept to a reality requires imagination, initiative perseverance and ambition. I am proud to say that these represent the characteristics of the entire Pentec family.”

About Pentec Health

For almost 40 years, Pentec Health has been an industry leader in providing patient-specific, compounded sterile medications. Pentec Health’s formulations are used for administration in dialysis centers, as well as providing in-home Targeted Drug Delivery through nursing services and complex pharmaceutical products to patients who require access outside of a hospital setting. Pentec Health has built a tradition of exceptional patient care by committing to quality, safety, and innovation. We aim to be the provider of choice for outsourced products, sterile preparations, and services in the healthcare marketplace. For more information, please visit pentechealth.com.

About the Marcum Awards

The Marcum Awards are sponsored by Marcum LLP, a public accounting and advisory services firm, and SmartCEO, a publisher. The Marcum Innovator of the Year Awards program celebrates businesses in Greater Philadelphia that are pioneering new advancements in the fields of Biotech/Healthcare, Business Services, Manufacturing, Real Estate and Technology. http://www.marcumevents.com/pdf/InnovatorAwards-2016Winners.pdf

Pentec Health, Inc.
Tyler Cummings