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New Mountain Capital buys PCI Pharma headquarters for $74M

Private equity firm New Mountain Capital LLC purchased a Philadelphia building for $74 million from a PCI Pharma Services affiliate, the Philadelphia Business Journal reported, citing Philadelphia property records.

The 432,175-square-foot building at 3001 Red Lion Road is currently leased by PCI Pharma as the corporate headquarters for its outsourced healthcare packaging and biopharmaceutical operations.