For more information, visit TRHC.com. At TDS, we are dedicated to providing pharmacists with the tools to address their critical and expanding role in delivering high quality patient care. Transaction Data Systems(TDS), the leader in pharmacy software solutions has acquired PrescribeWellness from Tabula Rasa HealthCare in a deal worth up to $140M. TDS connects community pharmacies through its solutions and services the largest network in the US, available in all 50 states and Puerto Rico. Its solutions are trusted by health plans and pharmacies to help drive value-based care. PrescribeWellness is a market-leading patient relationship management company with a . Retrieve it. PrescribeWellness is a cloud-based patient relationship management solution company that inspires collaboration between pharmacies, payers, providers, pharmaceu Read More Phone Number: (949) 313-7615 Website: www.prescribewellness.com Revenue: $22 Million PrescribeWellness's Social Media Is this data correct? Citigroup Global Markets, Inc. is acting as exclusive financial advisor to TRHC, and Morgan, Lewis & Bockius LLP is serving as legal advisor to TRHC. LTPCs team of 16 professionals are based in New York and London and invest across North America and Western Europe. oneSignal_options['notifyButton']['text'] = {}; The technical storage or access that is used exclusively for anonymous statistical purposes. TDS connects community pharmacies through its solutions and services the largest network in the U.S., available in all 50 states and Puerto Rico. These cookies do not store any personal information. PrescribeWellness is a provider of best-in-class patient relationship management solutions. Latest insightful articles delivered straight to your inbox weekly. The Companies also Agree to a Strategic Multi-Year Partnership MOORESTOWN, N.J., June 21, 2022 /PRNewswire/ -- Tabula Rasa HealthCare, Inc. (TRHC) (NASDAQ:. OneSignal.showSlidedownPrompt(); }); MOORESTOWN, N.J., Aug. 1, 2022 /PRNewswire/ -- Tabula Rasa HealthCare, Inc. ("TRHC" or the "Company") (NASDAQ: TRHC), a leading healthcare technology. LTPC is backed by BlackRock, Inc., which manages $264 billion in alternative investments and commitments on behalf of clients worldwide as of March 31, 2021. Source link BlackRock and GTCR-backed TDS to buy Tabula Rasa HealthCare's PrescribeWellness business | Women Investment Association TDS plans to add PrescribeWellness to its industry-leading portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers, and patients. PrescribeWellness presents a highly complementary patient relationship management solution with a national footprint of more than 15,000 community and chain pharmacies. Legal Name Prescribe Wellness LLC. PrescribeWellness presents a highly complementary patient relationship management solution with a national footprint of more than 15,000 community and chain pharmacies. All Rights Reserved. TRHCs proprietary technology solutions, including MedWise, improve patient outcomes, reduce hospitalizations, and lower healthcare costs. About Tabula Rasa HealthCareTabula Rasa HealthCare (TRHC)(NASDAQ:TRHC) provides medication safety solutions that empower healthcare professionals and consumers to optimize medication regimens, combatting medication overload and reducing adverse drug events the fourth leading cause of death in the US. MOORESTOWN, N.J.,Aug. 1, 2022Tabula Rasa HealthCare, Inc. (TRHC or the Company)(NASDAQ:TRHC),a leading healthcare technology company advancing the safe use of medications, announced today that it completed thepreviously announcedsale of its PrescribeWellness business to Transaction Data Systems, Inc. (TDS) for an all-cash purchase price of up to$140 million. For more information, please visittransactiondatasystems.com. The transaction is anticipated to close, subject to customary closing conditions and the expiration or termination of regulatory periods, in the third quarter of 2022. TDS will add PrescribeWellness, to its industry-leading portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers, and patients. OneSignal.SERVICE_WORKER_UPDATER_PATH = "OneSignalSDKUpdaterWorker.js.php"; This website uses cookies to improve your experience while you navigate through the website. This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. - Transaction Data Systems (TDS), the leader in pharmacy software solutions has acquired PrescribeWellness from Tabula Rasa HealthCare in a deal worth up to $140M. MOORESTOWN, N.J., (June 21,2022) - Tabula Rasa HealthCare, Inc.(TRHC) (NASDAQ: TRHC), a leading healthcare technology company advancing the safe use of medications, announced today that it has entered into a definitive agreement to sell its PrescribeWellness business, a provider of best-in-class patient relationship management solutions, to Transaction Data Systems (TDS). PrescribeWellness presents a highly complementary patient relationship management solution with a national footprint of more than 15,000 community and chain pharmacies. Further, TDSs plans to accelerate product innovation will create solutions to further optimize pharmacy workflows, support real-time clinical interventions and expand patient engagement opportunities to clients. TDS will add PrescribeWellness, to its industry-leading portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers, and patients. The companies also announced a strategic partnership to offer TRHCs proprietary MedWise Science, an accumulative, simultaneous, multi-drug analysis tool that identifies medication-related risk, into TDSs pharmacy management systems upon the consummation of the transaction. oneSignal_options['welcomeNotification']['title'] = ""; JOB SUMMARY. About Tabula Rasa HealthCare At TDS, we are dedicated to providing pharmacists with the tools to address their critical and expanding role in delivering high quality patient care. TD Bank branch and ATM locations in Markham, Canada with addresses, opening hours, phone numbers, and more information including directions, maps, and nearby locations. We are proud to have been named APPA Pharmacy Technology of the Year in 2018, and featured on the Inc. 5000 - Fastest-Growing Privately Held Company list for four consecutive years. Such statements are identified by use of the words believe, will, may, estimate, expect, intend, plans, predict, could, or the negative of these terms or similar expressions. Calvin H. Knowlton, PhD, TRHCs Chief Executive Officer, Chairman and Founder, said, The successful sale of PrescribeWellness represents another step forward in our ongoing strategic transformation. Company Expands Reach and Patient Access in the Pharmacy Market Transaction Data Systems , the leader in pharmacy software. 2022 Transaction Data Systems, Inc. All rights reserved. OneSignal.init(window._oneSignalInitOptions); PrescribeWellness inspires collaboration for better health across America. OneSignal.setDefaultNotificationUrl("https://hitconsultant.net"); oneSignal_options['welcomeNotification'] = { }; TRHC's proprietary technology solutions, including MedWise Science, improve patient outcomes, reduce hospitalizations, and lower healthcare costs. ORLANDO, Fla. Transaction Data Systems (TDS), the leader in pharmacy software solutions, today announced the successful completion of its acquisition of PrescribeWellness from Tabula Rasa HealthCare, Inc. (R) (TRHC). Keval Health is acting as financial advisor and Simpson Thatcher & Bartlett LLP is serving as legal advisor to Transaction Data Systems. oneSignal_options['wordpress'] = true; OneSignal.SERVICE_WORKER_PATH = "OneSignalSDKWorker.js.php"; These cookies will be stored in your browser only with your consent. This innovative technology-enabled medication optimization solution identifies the cause of medication-related problems, including adverse drug events, with the goal of improving patients health and well-being while reducing avoidable healthcare costs. Tagged With: Healthcare Mergers & Acquisitions, medication, Medication Adherence, Patient Care, patient engagement, Patient Relationship Management, Payers, Pharmacy, risk, Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly. oneSignal_options['promptOptions'] = { }; 2022 Tabula Rasa HealthCare. With its portfolio of products and services including Rx30, Computer-Rx, KloudScript, Pharm Assess, and Enhanced Medication Services, TDS provides innovative technology solutions and pharmacy management systems to the pharmacy industry. About Tabula Rasa HealthCareTabula Rasa HealthCare (TRHC) (NASDAQ: TRHC) provides medication safety solutions that empower healthcare professionals and consumers to optimize medication regimens, combatting medication overload and reducing adverse drug events the fourth leading cause of death in the US. Company Expands Reach and Patient Access in the Pharmacy Market. Transaction Data Systems (TDS), the leader in pharmacy software solutions has acquired PrescribeWellness from Tabula Rasa HealthCare in a deal worth up to $ 140M. PrescribeWellness presents a highly complementary patient relationship management solution with a national footprint of more than 15,000 community and chain pharmacies. Transaction Data Systems(TDS), the leader in pharmacy software solutions has acquired PrescribeWellness from Tabula Rasa HealthCare in a deal worth up to $140M. In October 2022, TDS also paid us $1.5 million for certain customary post-closing adjustments. TDS plans to add PrescribeWellness to its industry-leading portfolio of clinical applications to. PrescribeWellness offers patient relationship management solutions. About Transaction Data SystemsFor over 40 years,TDShas beendedicated to the success of the pharmacy market and pharmacy supply chain. TDS will add PrescribeWellness, to its industry-leading portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers, and patients. Forward-Looking StatementsThis press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Hardness is an indicator of whether minerals are present in the . For more information, please visit transactiondatasystems.com. oneSignal_options['notifyButton'] = { }; PrescribeWellness has a complementary patient relationship management solution with a national footprint of community and chain pharmacies. documentInitOneSignal(); Continue Forgot user name? Factors that might cause such a difference include, but are not limited to: (i) the impacts of the current COVID-19 pandemic and other health epidemics; (ii) the Companys ability to adapt to changes or trends within the market for healthcare in the U.S.; (iii) a significant increase in competition from a variety of companies in the healthcare industry; (iv) developments and changes in laws and regulations, including increased regulation of the healthcare industry through legislative action and revised rules and standards; (v) the extent to which the Company is successful in gaining new long-term relationships with clients or retaining existing clients; (vi) the growth and success of the Companys clients, which is difficult to predict and is subject to factors outside of the Companys control; (vii) the Companys ability to maintain relationships with a specified drug wholesaler; (viii) increasing consolidation in the healthcare industry; (ix) managing the Companys growth effectively; (x) fluctuations in operating results; (xi) the Companys ability to manage its cash flows; (xii) failure or disruption of the Companys information technology and security systems; (xiii) dependence on the Companys senior management and key employees; (xiv) the Companys future indebtedness and the Companys ability to obtain additional financing, reduce expenses, or generate funds when necessary; (xv)macroeconomicconditions, including the impact of inflation, on the Companys business and operations; (xvi) the Companys ability to execute on its planned divestitures of itsSinfonaRxandDoseMebusinesses, the costs associated therewith, and risks related to diverting managements attention from the Companys ongoing business operations; (xvii) risks related to the volatility in the Companys stock price; and (xviii) the risks set forth from time to time inTRHCsfilings with the Securities and Exchange Commission (SEC), including those factors discussed under the caption Risk Factors inTRHCsmost recent annual report on Annual Report on Form 10-K, filed with the SEC onFebruary 25, 2022, and in subsequent reports filed with or furnished to the SEC. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. announced sale of its PrescribeWellness business to Transaction Data Systems, Inc. ("TDS") for an all-cash purchase price of up to $140 million. You should read these statements carefully because they discuss future expectations, contain projections of future results of operations or financial condition, or state other forward-looking information. Transaction Data Systems (TDS), the leader in pharmacy software solutions, today announced the successful completion of its acquisition of PrescribeWellness from Tabula Rasa HealthCare, Inc. (TRHC). Its solutions are trusted by health plans and pharmacies to help drive value-based care. TDS can be used to calculate total hardness and pH. Tabula Rasa HealthCare, Inc. (TRHC or the Company). Its solutions are trusted by health plans and pharmacies to help drive value-based care. These forward-looking statements are based on management's good-faith expectations, judgments, and assumptions as of the date of this Report. PrescribeWellness business to Transaction Data Systems, Inc. partner to advance the future of pharmacy by leveraging these technologies. oneSignal_options['notifyButton']['showCredit'] = true; We are also entitled to receive up to $15.0 million in contingent consideration to be paid by TDS based upon the PrescribeWellness Business's achievement of certain performance-based metrics during the fiscal years ending December 31, 2023 and 2024 . Founded Date Feb 1, 2009. What You Should Know: - Transaction Data Systems (TDS), the leader in pharmacy software solutions has acquired PrescribeWellness from Tabula Rasa HealthCare in a deal worth up to $140M. It is mandatory to procure user consent prior to running these cookies on your website. With its portfolio of products and services including Rx30,Computer-Rx,KloudScript,PharmAssess, and Enhanced Medication Services,TDSprovides innovative technology solutions and pharmacy management systems to the pharmacy industry. TDS will add PrescribeWellness, to its industry-leading portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers, and patients. } PrescribeWellness helps pharmacists provide best-in-class care for communities around the country. $125 million of the TDS will add PrescribeWellness, to its industry-leading portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers, and patients. PrescribeWellness is a market-leading patient relationship management company with a proven track record of facilitating . Tabula Rasa HealthCare Completes Sale of PrescribeWellness to Transaction Data Systems for $140 Million. Forward-looking statements give current expectations or forecasts of future events or the Companys future financial or operating performance, and include the Companys expectations regarding healthcare regulations, industry trends, available opportunities to the Company, the financial and operating performance of the Company, the impacts of the COVID-19 pandemic, and the Companys expectations for 2022 and beyond. TRHC's extensive clinical tele-pharmacy network improves care for patients nationwide. Home > Newsroom > Tabula Rasa HealthCare Completes Sale of PrescribeWellness to Transaction Data Systems for $140 Million. BioIntelliSense Acquires Patient Monitoring Company AlertWatch, First-Ever Medicare Advantage Plan for LGBTQ+ Older Adults Launches, Samsung, HealthTap Partner to Develop Telehealth Capabilities for Smart TVs, Google Cloud Launches AI-Powered Medical Imaging Suite. This beneficiary proliferation presents a significant opportunity for community pharmacies to go #BeyondTheFill and take an active . PrescribeWellness is a supplier of best-in-class affected person relationship administration options. Further, TDSs plans to accelerate product innovation will create solutions to further optimize pharmacy workflows, support real-time clinical interventions and expand patient engagement opportunities to clients. Published: June 21, 2022 at 10:23 a.m. This acquisition, our ongoing collaboration with MedWise and TRHC, and our commitment to innovation will secure our pharmacy customers position as primary providers in the evolving nexus of clinical care.. oneSignal_options['notifyButton']['size'] = 'medium'; Check your transactions, Star Ratings, calls, and other statistics from your Pharmacy Management . This acquisition, our ongoing collaboration with MedWise and TRHC, and our commitment to innovation will secure our pharmacy customers position as primary providers in the evolving nexus of clinical care.. PrescribeWellness presents a highly complementary patient relationship management solution with a national footprint of more than 15,000 community and chain pharmacies. AppleAdds MedicationTrackingto iPhone. PrescribeWellness is a provider of patient relationship management solutions. TRHCs extensive clinical tele-pharmacy network improves care for patients nationwide. } Credit: Ckstockphoto from Pixabay. Phone Number (800)960-8147. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. August 1, 2022 - 9:00 am. Find your local community pharmacist. About Tabula Rasa HealthCare We embarked on a robust search for the right organization to best serve our customers and employees and believe that we have found an excellent partner to advance the future of pharmacy by leveraging these technologies. TDS Acquires PrescribeWellness from Tabula Rasa HealthCare in $140M Deal. The strategys flexible duration and prudent approach to leverage preserve optionality for growth and help enable compounded capital appreciation. A lifetime of better health and support starts here. Company Type For Profit. Free Whitepaper. PrescribeWellness is thrilled to join Transaction Data Systems (TDS)! Citigroup Global Markets, Inc. is acting as exclusive financial advisor to TRHC, and Morgan, Lewis & Bockius LLP is serving as legal advisor to TRHC. - Further, TDS's plans to accelerate product innovation will create solutions to further optimize pharmacy workflows, support real-time clinical interventions and expand patient engagement opportunities to. HIT Consultant Media. Bridging the Gap in Care for Pharma TDS plans so as to add PrescribeWellness to its industry-leading portfolio of medical functions to assist enhanced collaboration amongst pharmacists, suppliers, payers, and sufferers. The companies also announced a strategic partnership to offer TRHCs proprietary MedWise Science, an accumulative, simultaneous, multi-drug analysis tool that identifies medication-related risk, into TDS pharmacy management systems upon the consummation of the transaction. oneSignal_options['path'] = "https://hitconsultant.net/wp-content/plugins/onesignal-free-web-push-notifications/sdk_files/"; Keval Health is acting as financial advisor and Simpson Thatcher & Bartlett LLP is serving as legal advisor to Transaction Data Systems. $125 millionof the purchase price was paid at the closing of the acquisition, excluding certain adjustments related to the net working capital of the PrescribeWellness business, and up to an additional$15 millionwill be paid if certain performance-based metrics are met during the fiscal years endingDecember 31, 2023, and 2024. TDS will add PrescribeWellness, to its industry-leading portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers, and patients. Tabula Rasa HealthCare, a leading healthcare technology company advancing the safe use of medications, has announced that it has entered into a definitive agreement to sell its PrescribeWellness business, a provider of best-in-class patient relationship management solutions, to Transaction Data Systems (TDS). var oneSignal_options = {}; TDS will add PrescribeWellness, to its industry-leading portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers, and patients. Further, TDSs plans to accelerate product innovation will create solutions to further optimize pharmacy workflows, support real-time clinical interventions and expand patient engagement opportunities to clients. 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