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TCGRx Merges with Parata to Create Pharmacy Automation Leader
Thursday 06 December 2018

6 December 2018 - Wisconsin, US-based pharmacy packaging and automation provider TCGRx has acquired North Carolina, US-based pharmacy technology solutions provider Parata Systems to combine technologies that empower pharmacy teams, the company said.
Terms of the transaction were not disclosed.
Established leaders in medication adherence packaging and high speed automated robotic dispensing technologies, TCGRx and Parata have combined to create a new market leader focussed on providing pharmacy technology solutions that support business growth, better health outcomes and lower medical costs.
Together, TCGRx and Parata currently have more than 4,500 medication adherence packagers, inspection systems and vial-filling robots installed in retail, long term care, hospital, government and mail order pharmacies throughout North America.
In addition to these pharmacy automation technologies, the company will expand on their existing growth initiatives with central fill, inventory control and automated blister card packaging technologies to meet the broad needs of their pharmacy customers.
The combined company will operate under the Parata Systems brand and will be headquartered in Durham, North Carolina with additional facilities in southern Wisconsin.
Current TCGRx CEO Rob Kill will lead the combined organisation, and Duane Chudy will serve as vice chairman with the remainder of a leadership team drawn from the executive teams of both companies.
TCGRx, a portfolio company of Frazier Healthcare Partners, supplies pharmacy automation technologies, offering scalable solutions that range from simple packaging technology to enterprise-wide perpetual inventory management.
Parata Systems provides pharmacy technology solutions that empower pharmacists to help people lead healthier lives.
Founded in 2001, Parata offers the most extensive pharmacy automation portfolio in the industry designing, building, and supporting both vial-filling and pouch packaging solutions.
Frazier Healthcare Partners is a provider of growth and venture capital to healthcare companies.
With nearly USD 4.2bn total capital raised, Frazier has invested in over 170 companies, with investment types ranging from company creation and venture capital to buyouts of profitable lower-middle market companies.
Details
Date Published: 06/12/2018
Target: Parata Systems
Country: USA
Sector: Pharmaceuticals
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: TCGRx
Comment:
Terms of the deal were not disclosed

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