M&A Deal Summary

Omnicell Acquires Pharmaceutical Strategies Group - 340B Software-Enabled Service Business

On August 12, 2020, Omnicell acquired information technology company Pharmaceutical Strategies Group - 340B Software-Enabled Service Business from Pharmaceutical Strategies Group for 225M USD

Acquisition Highlights
  • This is Omnicell’s 6th transaction in the Information Technology sector.
  • This is Omnicell’s 2nd largest (disclosed) transaction.
  • This is Omnicell’s 6th transaction in the United States.
  • This is Omnicell’s 1st transaction in Texas.

M&A Deal Summary

Date 2020-08-12
Target Pharmaceutical Strategies Group - 340B Software-Enabled Service Business
Sector Information Technology
Buyer(s) Omnicell
Sellers(s) Pharmaceutical Strategies Group
Deal Type Divestiture
Deal Value 225M USD

Target

Pharmaceutical Strategies Group - 340B Software-Enabled Service Business

Plano, Texas, United States
Pharmaceutical Strategies Group LLC - 340B Software-Enabled Service Business provides a comprehensive and differentiated suite of software-enabled services and solutions used by certain eligible hospitals, health systems, clinics, and entities to manage compliance and capture 340B drug cost savings on outpatient prescriptions filled through the eligible entity’s pharmacy or a contracted pharmacy partner.

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Buyer(S) 1

Buyer

Omnicell

Mountain View, California, United States

website


Category Company
Founded 1992
Sector Information Technology
Employees2,860
Revenue 1.1B USD (2021)
DESCRIPTION
Omnicell's corporate headquarters in Mountain View, California.
Omnicell's corporate headquarters in Mountain View, California.

Omnicell is a supplier of comprehensive automation and business analytics software for patient-centric medication and supply management across the entire health care continuum—from the acute care hospital setting to post-acute skilled nursing and long-term care facilities to the home. Omnicell was founded in 1992 and is based in Mountain View, California.


DEAL STATS #
Overall 10 of 13
Sector (Information Technology) 6 of 7
Type (Divestiture) 3 of 3
State (Texas) 1 of 4
Country (United States) 6 of 9
Year (2020) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-19 InPharmics Hospital Pharmacy Consulting

Madison, Mississippi, United States

InPharmics Hospital Pharmacy Consulting is a technology and services company that provides advanced pharmacy informatics solutions to hospital pharmacies. InPharmics Hospital Pharmacy Consulting is based in Madison, Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 FDS Amplicare

Fort Worth, Texas, United States

FDS Amplicare is a provider of software and technology-enabled data solutions to the healthcare services industry. FDS Amplicare provides health care data services including prescription claims routing, prescription claims reviews & edits, robust data warehousing, e-prescribing, online DME claims processing, claims reconciliation, claims management backend services, patient education programs, and revenue-enhancing programs. FDS Amplicare was founded in 2011 and is based in Fort Worth, Texas.

Buy $177M

Seller(S) 1

SELLER

Pharmaceutical Strategies Group

Plano, Texas, United States

website


Category Company
Founded 1994
Sector Business Services
DESCRIPTION

Pharmaceutical Strategies Group assists plan sponsors and other payers in designing, implementing, and managing programs that maximize the value of pharmaceuticals in their population. The strategies employed by PSG consultants allow plan sponsors to gain control over their pharmacy benefit spend, facilitate population health management and position their program to successfully negotiate the pharmacy benefit challenges of the future. Pharmaceutical Strategies Group was formed in 1994 and is based in Plano, Texas.


DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 2 of 2
State (Texas) 2 of 2
Country (United States) 2 of 2
Year (2020) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-02 Pharmacy Benefit Management Institute

Plano, Texas, United States

Pharmacy Benefit Management Institute is a provider of research and education that informs, advises and influences the industry on drug cost management. Pharmacy Benefit Management Institute is based in Plano, Texas.

Sell -