Check your transactions, Star Ratings, calls, and other statistics from your Pharmacy Management . Legal | Privacy. TDS plans to 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. TRHCs extensive clinical tele-pharmacy network improves care for patients nationwide. Transaction Data SystemsTycene Fritcher tfritcher@tdsclinical.com. } All Rights Reserved. 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.. TDS Acquires PrescribeWellness from Tabula Rasa HealthCare in $ 140M Deal, Innovaccer Joins the CARIN Alliance to Advance Interoperability, New and Noteworthy: What I Read This Week Edition 182, NHS website registers 500% increase in visits for heat exhaustion advice, Caption Health Receives CE Mark for AI Ultrasound Tech, Its official! Transaction Data Systems (TDS), . Its solutions are trusted by health plans and pharmacies to help drive value-based care. TDS plans to add PrescribeWellness to its industry-leading portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers, and patients. documentInitOneSignal(); - 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. LTPCs team of 16 professionals are based in New York and London and invest across North America and Western Europe. TDS is a provider of pharmacy-focused, patient-centric solutions. TRHC's proprietary technology solutions, including MedWise Science, improve patient outcomes, reduce hospitalizations, and lower healthcare costs. TDS connects community pharmacies through its solutions and services the largest network in the US, available in all 50 states and Puerto Rico. BlackRock LTPC is an innovative private equity strategy focused on investing in high-quality businesses and value creation through active collaboration with management teams. ORLANDO, Fla., (BUSINESS WIRE) -- Transaction Data Systems(TDS), the leader in pharmacy software solutions, today announced the successful completion of its. PrescribeWellness is a provider of patient relationship management solutions. PrescribeWellness offers patient relationship management solutions. This beneficiary proliferation presents a significant opportunity for community pharmacies to go #BeyondTheFill and take an active . oneSignal_options['safari_web_id'] = "web.onesignal.auto.33cdb166-8fda-4ab6-bcd3-b18b9bc1d285"; TDS will add PrescribeWellness to its portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers and patients. $125 million of the purchase price was paid at the closing of the acquisition, excluding certain adjustments JOB SUMMARY. Call 800-605-1962. 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. PrescribeWellness business to Transaction Data Systems, Inc. At TDS, we are dedicated to providing pharmacists with the tools to address their critical and expanding role in delivering high quality patient care. PrescribeWellness is thrilled to join Transaction Data Systems (TDS)! HIT Consultant Media. oneSignal_options['notifyButton']['text'] = {}; oneSignal_options['notifyButton']['position'] = 'bottom-right'; 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. 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. The companies also announced a strategic partnership to offer TRHCs proprietaryMedWise Science, an accumulative, simultaneous, multi-drug analysis tool that identifies medication-related risk, into TDS pharmacy management systems upon the consummation of the transaction. Sign Up Return to Previous Page. PrescribeWellness is a market-leading patient relationship management company with a . These statements relate to, without limitation, the Companys future plans, objectives, expectations, intentions, the benefits of thePrescribeWellnesssale and divestitures of certain businesses ofTRHC, and financial performance and the assumptions that underlie these statements. This role utilizes critical thinking to create solutions for our clients. At TDS, we are dedicated to providing pharmacists with the tools to address their critical and expanding role in delivering high quality patient care. For additional information on BlackRock, please visit www.blackrock.com/corporate. }); oneSignal_options['welcomeNotification']['title'] = ""; Published: June 21, 2022 at 10:23 a.m. PrescribeWellness presents a highly complementary patient relationship management solution with a national footprint of more than 15,000 community and chain pharmacies. For more information, please visit transactiondatasystems.com. TDS plans to add PrescribeWellness to its industry-leading portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers, and patients. announced sale of its PrescribeWellness business to Transaction Data Systems, Inc. ("TDS") for an all-cash purchase price of up to $140 million. 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. TRHCs extensive clinical tele-pharmacy network improves care for patients nationwide. Phone Number (800)960-8147. oneSignal_options['welcomeNotification'] = { }; Citigroup Global Markets, Inc. is acting as exclusive financial advisor to TRHC, and Morgan, Lewis & Bockius LLP is serving as legal advisor to TRHC. At TDS, we are dedicated to providing pharmacists with the tools to address their critical and expanding role in delivering high quality patient care. About Tabula Rasa HealthCare 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. TDS Acquires PrescribeWellness from Tabula Rasa HealthCare in $140M Deal. We also use third-party cookies that help us analyze and understand how you use this website. 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. PrescribeWellness is a market-leading patient relationship management company with a proven track record of facilitating patient . Maryland and Missouri Approve Adult-Use Cannabis, 8 Natural Eczema Treatments | Marks Daily Apple, Sacramento Rolls Out Cannabis Dispensary Video Surveillance Mandate. PrescribeWellness helps pharmacists provide best-in-class care for communities around the country. OneSignal.showSlidedownPrompt(); }); 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. 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. As a Client Solutions Analyst, you will be responsible for providing superior customer service to PrescribeWellness end-users through various communication channels. OneSignal.SERVICE_WORKER_PATH = "OneSignalSDKWorker.js.php"; The Company assumes 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. TD Bank branch and ATM locations in Markham, Canada with addresses, opening hours, phone numbers, and more information including directions, maps, and nearby locations. - 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. TRHCs proprietary technology solutions, including MedWise, improve patient outcomes, reduce hospitalizations, and lower healthcare costs. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. if (document.readyState === 'complete') { 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. "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 PrescribeWellness presents a highly complementary patient relationship management solution with a national footprint of more than 15,000 community and chain pharmacies. Hardness is an indicator of whether minerals are present in the . oneSignal_options['notifyButton']['enable'] = true; 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? We anticipate that this divestiture, coupled with our strategic partnership, will position TRHC for accelerated growth and increased stockholder value., At TDS, we are dedicated to providing pharmacists with the tools to address their critical and expanding role in delivering high-quality patient care. 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.. Citigroup Global Markets, Inc. is acting as exclusive financial advisor to TRHC, and Morgan, Lewis & Bockius LLP is serving as legal advisor to TRHC. Contact Email info@prescribewellness.com. window.addEventListener("load", function(event){ Important factors that could cause actual results to differ materially include: the impacts of the ongoing COVID-19 pandemic and other health epidemics; fluctuations in the Companys financial results; the acceptance and use of the Companys products and services by PACE organizations; the need to innovate and provide useful products and services; risks related to changing healthcare and other applicable governmental regulations; the Companys ability to maintain relationships with a specified drug wholesaler; increasing consolidation in the healthcare industry; managing the Companys growth effectively; the Companys ability to adequately protect its intellectual property; the requirements of being a public company; the Companys ability to recognize the expected benefits from acquisitions on a timely basis or at all; and the other risk factors set forth from time to time in the Companys filings with the Securities and Exchange Commission (SEC), including those factors discussed under the caption Risk Factors in its most recent annual report on Annual Report on Form 10-K, filed with the SEC on February 25, 2022, and in subsequent reports filed with or furnished to the SEC. This website uses cookies to improve your experience while you navigate through the website. oneSignal_options['allowLocalhostAsSecureOrigin'] = true; Tabula Rasa HealthCare, Inc. (TRHC or the Company). TDS will add PrescribeWellness, to its industry-leading portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers, and patients. Its solutions are trusted by health plans and pharmacies to help drive value-based care. 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. AppleAdds MedicationTrackingto iPhone. Questions? TDS is a private equity-backed organization in which BlackRock Long Term Private Capital is the majority investor and GTCR retains a minority interest. Get directions, reviews and information for TD Canada Trust in Markham, ON. Tabula Rasa HealthCare Inc. shares rose 7% to $2.58 after the company said it is selling its PrescribeWellness business to Transaction . Last Funding Type Venture - Series Unknown. Todays announcement is a significant, strategic step forward in unlocking stockholder value, while extending the reach of our MedWise Science through TDSs strong network," said TRHC Chairman and CEO, Calvin H. Knowlton, PhD. 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