Pentec Health Inc. Acquired by Wellspring Capital Management. Learn more.
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Joseph Cosgrove

Chairman, President, and Chief Executive Officer

Joseph Cosgrove is an impressive leader who is taking our company to extraordinary new heights. He has steered our organization through unprecedented expansion, diversification and profitability. Under Joseph’s management and guidance, Pentec Health has become an industry leader in providing patient-specific compounded sterile medications for administration in dialysis centers and in-home Specialty Infusion services.

Since joining Pentec Health in 2008, Joseph has overseen significant milestones, including various product launches, patent filings and the physical expansion of our plant and facilities. Joseph has led the successful exits of Pentec Health from the ownership of DW Healthcare Partners, Frazier Healthcare Ventures, and Norwest Equity Partners. In 2021, Joseph initiated Pentec Health's most recent acquisition by Wellspring Capital Management. Joseph's keen ability to negotiate and secure strategic investment partnerships has assured Pentec Health's ability to continue forward while capitalizing on future growth opportunities.

Under Joseph’s leadership, Pentec Health has earned numerous distinctions:

  • 2009–2017, Inc. Magazine List of Fastest-Growing Privately Held Companies
  • 2011–2017, Top 100 Best Places to Work in Pennsylvania
  • 2009–2017, Philadelphia 100® List of Fastest-Growing Privately Held Companies
  • 2017, American Nurses Credentialing Center Pathway to Excellence® Designation
  • 2016, Philadelphia 100 Hall of Fame Inductee
  • 2012, Delaware Valley HR Awards, Inc.’s HR Department of the Year
  • 2012, Greater Philadelphia Alliance for Capital and Technology (PACT) Life Sciences Company of the Year
  • 2012, Joint Commission for Specialty Infusion and Renal Nutritional Home Care Services Gold Seal of Approval Accreditation

Joseph, himself, has also earned numerous professional accolades:

  • 2019, Chapter Honoree of the Rowan University Beta Gamma Sigma Honor Society
  • 2017, Member of Arizona State University Board of Trustees
  • 2016, Marcum Innovator of the Year
  • 2015, Philly 100 CEO Hall of Fame Society Inductee
  • 2015, Philly 100 Founder’s Distinguished Achievement Award
  • 2015, National Kidney Foundation Leadership in Business Award
  • 2012, SmartCEO Future 50 Award
  • 2012, Ernst & Young Entrepreneur of the Year Award
  • 2011, SmartCEO Circle of Excellence Award

Joseph possesses more than 20 years of diversified life sciences industry experience. Prior to joining Pentec Health, he served as Vice President and General Manager for several operating units of Cardinal Health, Inc. His early career was distinguished by increasingly responsible executive roles at DuPont Pharmaceuticals Company and Neuman Health Services, Inc. He currently serves as a board member for Pentec Health, Incorporated, Arizona State University and Rowan University (EAC) . His former board affiliations include the National Home Infusion Association, Aerosol Science Laboratories, Inc., the National Kidney Foundation (NKF), and the Greater Philadelphia Chamber of Commerce, where he was a member of the Executive Committee and the Diversity and Inclusion Committee. Joseph holds a BS degree in Business Administration and Marketing from Rowan University in Glassboro, NJ.