Abry Partners, a leading Boston-based private equity firm, announced today that it has entered into a definitive agreement to sell Sentry Data Systems, Inc., the nation’s leader in pharmacy procurement, compliance and utilization management, to Craneware plc (AIM: CRW.L), a market leader in Value Cycle solutions for the U.S. healthcare market for $400 million. Sentry Data Systems, Inc., headquartered in Deerfield Beach, Florida, is a leading provider of SaaS solutions which simplify the complexity of pharmacy procurement, utilisation and 340B regulatory compliance in order to maximise cost savings, improve patient outcomes and ensure precise regulatory compliance.
Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced it has completed the sale of its Alliance Healthcare businesses to AmerisourceBergen for total consideration of approximately $6.5 billion, made up of $6.275 billion in cash (subject to a customary net cash and working capital adjustment) and 2 million shares of AmerisourceBergen common stock. The company will use the cash proceeds to reduce debt and accelerate growth of its core retail pharmacy and healthcare businesses.
Amazon is considering building brick-and-mortar pharmacies, according to a May 26 report from Business Insider that cited three anonymous people familiar with the matter. Amazon reportedly is considering delving deeper into the prescription drug business by either opening standalone retail pharmacies or adding pharmacies to its Whole Foods stores, Business Insider reported.
Guardian Pharmacy Services, one of the nation’s largest long-term care (LTC) pharmacy companies, and Mullaney’s, a locally-owned member of the Guardian family based in Cincinnati, are pleased to announce the acquisition of Hutcheson Homecare Pharmacy. The newly acquired pharmacy will operate as Hutcheson, A Guardian Pharmacy. Together, Mullaney’s and Hutcheson serve residents in assisted living and skilled nursing; individuals with intellectual and developmental disabilities; inpatient and outpatient substance abuse rehabilitation facilities; as well as provide at-home patient care.
Medivolve Inc. (“Medivolve”) (NEO:MEDV; OTC:COPRF; FRA:4NC) a healthcare technology and services company, announced Monday it has signed a binding agreement to acquire 100% of all outstanding shares of Marbella, a nonsterile compounded California state licensed and insured pharmacy. This acquisition advances Medivolve’s growth strategy and expands its ability to deliver patient care through immediate access to pharmaceutical distribution throughout the state of California.
Transaction Data Systems (“TDS”), a leader in pharmacy software solutions and services, today announced that BlackRock Long Term Private Capital (“LTPC”) has acquired a majority interest in the company. TDS’ previous owner, GTCR, will retain a minority interest. LTPC will partner with the TDS management team, led by CEO Jude Dieterman, and GTCR to drive the company’s next phase of growth. TDS provides innovative and adaptive pharmacy management systems and clinical applications that help pharmacies improve operations and workflow, expand their businesses, bolster their data analytics, increase patient engagement and drive better healthcare outcomes.
Vericast Corp., the payment and marketing company controlled by billionaire Ronald Perelman, sold its discount drug company RxSaver to GoodRx Holdings Inc. for $50 million, according to people with knowledge of the matter. The sale occurred in April, the company told investors on a private call Thursday, said the people, who asked not to be identified discussing a confidential matter. Vericast didn’t say how it plans to use proceeds from the deal beyond general corporate purposes, they added. Vericast had been weighing a potential sale of RxSaver for months amid a competitive market for drugs savings.
Finding a therapist can be a tough and time-consuming process involving multiple phone calls, waiting lists and insurance hurdles. But what if you were able to walk into your corner drugstore for a bottle of shampoo and also had the option of scheduling a walk-in session for mental health treatment? That’s the future that CVS, the largest retail pharmacy in the United States, is envisioning.
The covid-19 pandemic sank many businesses in 2020, particularly those relying on in-person sales to stay afloat. For pharmacies — especially independent pharmacies — the pandemic lockdowns exacerbated long-standing economic pressures. Many small owner-operated pharmacies adapted quickly, delivering their traditional amenities in safer ways or capitalizing on new services created by the pandemic, such as covid testing and vaccinations. But others became casualties of the pandemic, closing their doors for good.
SelectQuote, Inc. (NYSE: SLQT) introduces Population Health, its new healthcare services company. SelectQuote has formed SelectQuote Ventures, which will strategically evaluate potential partnerships and acquisitions to benefit the Population Health patient ecosystem. The first acquisition for SelectQuote Ventures is Express Med Pharmaceuticals, a specialized medication management pharmacy, which is currently called MyMedPak. Express Med, which will be branded as SelectRx, uses a high-touch, technology-driven approach to achieve improved medication adherence and superior customer service.
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