TRHCassumes no obligation and does not intend to update these forward-looking statements, except as required by law, to reflect events or circumstances occurring after todays date. 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. OneSignal.setDefaultNotificationUrl("https://hitconsultant.net"); ET. - 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. Citigroup Global Markets, Inc. is acting as exclusive financial advisor to TRHC, and Morgan, Lewis & Bockius LLP is serving as legal advisor to TRHC. TDS connects community pharmacies through its solutions and services the largest network in the U.S., available in all 50 states and Puerto Rico. This role utilizes critical thinking to create solutions for our clients. 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 . Is PrescribeWellness right for you? In August 2022,. Company Expands Reach and Patient Access in the Pharmacy Market Transaction Data Systems , the leader in pharmacy software. function documentInitOneSignal() { 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. By clicking Accept, you consent to the use of ALL the cookies. } .perfmatters-lazy[data-src]{display:none !important;}.perfmatters-lazy-youtube{position:relative;width:100%;max-width:100%;height:0;padding-bottom:56.23%;overflow:hidden}.perfmatters-lazy-youtube img{position:absolute;top:0;right:0;bottom:0;left:0;display:block;width:100%;max-width:100%;height:auto;margin:auto;border:none;cursor:pointer;transition:.5s all;-webkit-transition:.5s all;-moz-transition:.5s all}.perfmatters-lazy-youtube img:hover{-webkit-filter:brightness(75%)}.perfmatters-lazy-youtube .play{position:absolute;top:50%;left:50%;right:auto;width:68px;height:48px;margin-left:-34px;margin-top:-24px;background:url(https://hitconsultant.net/wp-content/plugins/perfmatters/img/youtube.svg) no-repeat;background-position:center;background-size:cover;pointer-events:none}.perfmatters-lazy-youtube iframe{position:absolute;top:0;left:0;width:100%;height:100%;z-index:99}, by Healthcare M&A Activity 06/24/2022 Leave a Comment. OneSignal.SERVICE_WORKER_PATH = "OneSignalSDKWorker.js.php"; TDS is a private equity-backed organization in which BlackRock Long Term Private Capital is the majority investor and GTCR retains a minority interest. Jude Dieterman, chief executive officer of TDS, said in a statement that adding PrescribeWellness to its existing offerings "will enable our pharmacist customers to engage with patients, ensure . At TDS, we are dedicated to providing pharmacists with the tools to address their critical and expanding role in delivering high quality patient care. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. 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. Tycene Fritcher serves as the Chief Marketing Officer, responsible for communications, branding, corporate and product messaging. 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). Actual results might differ materially from those explicit or implicit in the forward-looking statements. oneSignal_options['welcomeNotification']['message'] = ""; 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. TDS plans to add PrescribeWellness to its industry-leading portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers and patients. oneSignal_options['safari_web_id'] = "web.onesignal.auto.33cdb166-8fda-4ab6-bcd3-b18b9bc1d285"; Facebook. PrescribeWellness is thrilled to join Transaction Data Systems (TDS)! 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. The acquisition is anticipated to close, subject to customary closing conditions and the expiration or termination of regulatory periods, in the third quarter of 2022. Check out common questions about our platforms. Published: June 21, 2022 at 10:23 a.m. Tabula Rasa HealthCare Completes Sale of PrescribeWellness to Transaction Data Systems for $140 Million. - 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 clients. 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. Maryland and Missouri Approve Adult-Use Cannabis, 8 Natural Eczema Treatments | Marks Daily Apple, Sacramento Rolls Out Cannabis Dispensary Video Surveillance Mandate. oneSignal_options['notifyButton'] = { }; We proudly support one of the largest install bases of pharmacies in the industry with systems in all 50 states and theVirgin Islands. Legal Name Prescribe Wellness LLC. 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. Tabula 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. 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.. var oneSignal_options = {}; Adding PrescribeWellness to our existing suite of industry-leading PMS and patient-centric solutions will enable our pharmacist customers to engage with patients, ensure access to the right therapies, drive medication adherence, improve outcomes, boost patient loyalty and generate incremental pharmacy revenue, said Jude Dieterman, CEO of Transaction Data Systems. if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } moorestown, n.j. (august 2, 2022)tabula rasa healthcare, inc. (trhc), a health care technology company advancing the safe use of medications, announced that it completed the previously announced sale of its prescribewellness business to transaction data systems, inc. (tds) for an all-cash purchase price of up to $140 million. Home > Newsroom > Tabula Rasa HealthCare Completes Sale of PrescribeWellness to Transaction Data Systems for $140 Million. var oneSignal_elements = document.getElementsByClassName("OneSignal-prompt"); As a Client Solutions Analyst, you will be responsible for providing superior customer service to PrescribeWellness end-users through various communication channels. Its solutions are trusted by health plans and pharmacies to help drive value-based care. TDS is measured by weighing the water, heating it to a boil, and measuring the weight of water after it boils for one minute. For additional information on BlackRock, please visit www.blackrock.com/corporate. Try this proprietary cloud-based technology and marketing kits to reach more patients, improve adherence and loyalty, and streamline operations. PrescribeWellness business to Transaction Data Systems, Inc. PrescribeWellness is a provider of best-in-class patient relationship management solutions. TDS will add PrescribeWellness, to its industry-leading portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers, and patients. } TDS will 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. TDSis the leading provider of pharmacy-focused, patient-centric solutions. "This strategic acquisition enhances TDS's ability to expand clinical opportunities and adherence programs across the combined pharmacy base, while also increasing clients' ability to generate revenue." Read the full press release: https://loom.ly/YbNuV6Y TDS will add PrescribeWellness, to its industry-leading portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers, and patients. Citigroup Global Markets, Inc. is acting as exclusive financial advisor to TRHC, and Morgan, Lewis & Bockius LLP is serving as legal advisor to TRHC. PrescribeWellness is a complementary patient relationship management solution with a national footprint of more than 15,000 community and chain pharmacies. For more information, visitTRHC.com. Citigroup Global Markets, Inc. is acting as exclusive financial advisor to TRHC, and Morgan, Lewis & Bockius LLP is serving as legal advisor to TRHC. TDS will add PrescribeWellness to its portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers and patients. HowWillItImpactTheSpecialtyPatientJourney? PrescribeWellness presents a highly complementary patient relationship management solution with a national footprint of more than 15,000 community and chain pharmacies. Adding PrescribeWellness to our existing suite of industry-leading PMS and patient-centric solutions will enable our pharmacist customers to engage with patients, ensure access to the right therapies, drive medication adherence, improve outcomes, boost patient loyalty and generate incremental pharmacy revenue, said Jude Dieterman, CEO of Transaction Data Systems. We work hard and cater our best attributes to deliver valued content for readers all around the world. 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. window.addEventListener("load", function(event){ PrescribeWellness is a supplier of best-in-class affected person relationship administration options. 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. PrescribeWellness presents a highly complementary patient relationship management solution with a national footprint of more than 15,000 community and chain pharmacies. 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. 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.. 2022 Transaction Data Systems, Inc. All rights reserved. August 01, 2022 09:00 AM Eastern Daylight Time ORLANDO, Fla.-- ( BUSINESS WIRE )-- Transaction Data Systems (TDS), the leader in pharmacy software solutions, today announced the successful. Questions? 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. Not consenting or withdrawing consent, may adversely affect certain features and functions. At TDS, we are dedicated to providing pharmacists with the tools to address their critical and expanding role in delivering high quality patient care. TDS will add PrescribeWellness, to its industry-leading portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers, and patients. The total dissolved solids (TDS) of water is the number of dissolved solids in a given volume of water. 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). , 5 Trends Driving the Future Growth of Digital Health & MedTech, Rock Health Reveals 4 2022 Digital Health M&A Trends to Watch, HCA to Deploy MEDITECH Expanse EHR Across Enterprise, Walgreens-Backed VillageMD to Acquire Summit Health for $9B, Forrester Unveils 5 Healthcare Predictions for 2023. partner to advance the future of pharmacy by leveraging these technologies. 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. (TRHC). We proudly support one of the largest installed bases of pharmacies in the industry with systems in all 50 states and the Virgin Islands. }); var advadsCfpAd = function( adID ){ 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. Company Expands Reach and Patient Access in the Pharmacy Market. The technical storage or access that is used exclusively for anonymous statistical purposes. TDS is a provider of pharmacy-focused, patient-centric solutions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statements. PrescribeWellness inspires collaboration for better health across America. PrescribeWellness has a complementary patient relationship management solution with a national footprint of community and chain pharmacies. PrescribeWellness presents a highly complementary patient relationship management solution with a national footprint of more than 15,000 community and chain pharmacies. 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TDS will 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. Company Expands Reach and Patient Access in the Pharmacy Market Transaction Data Systems (TDS), the leader in pharmacy software solutions, today announced the successful completion of its .
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