Today, Orange County. Tomorrow, the world?
VNA Home Health Systems, the Orange-based nonprofit company that provides visiting nurses and other home health-care services across the county, aims to get into the global market for mail-order drugs.
The company, forming a joint venture with Colorado drug maker Golden Pharmaceuticals Inc., has set up the new mail-order firm in Santa Ana, says Gordon Martin, VNA's chief executive. The new company, RX Direct LLC, is expected to post revenue of about $15 million annually in five to seven years, says Martin, who is RX's president.
VNA expects to record revenue this year of about $15 million from its traditional home care business, but faces stiff competition in that industry, Martin says. The RX Direct investment is one of the company's efforts to diversify.