Bindley Capital Partners was formed in 2001 to manage the capital of William E. Bindley and a concentrated, select group of other individuals and institutions.
Prior to creating Bindley Capital Partners, Mr. Bindley was the Chairman and CEO of Bindley Western Industries (NYSE: BDY), a $10 billion pharmaceutical distribution and services company he founded in 1968. BDY recorded 40 consecutive quarters of earnings increases before its sale to Cardinal Health (NYSE: CAH) for $2.3 billion in February 2001.
In the decade leading up to the sale, the Bindley Western management team sourced and completed over 20 acquisitions, including the five acquisitions that were combined to form Priority Healthcare. Acquired for an aggregate price of $13 million, Priority Healthcare was taken public in a subsidiary IPO in October 1997 (NASDAQ: PHCC) and spun off to Bindley Western shareholders at the end of 1998. Priority Healthcare was sold to Express Scripts (NASDAQ: ESRX) in October 2005 for $1.3 billion.