M&A Deal Summary

Outcomes Acquires OutcomesMTM

On July 10, 2023, Outcomes acquired healthcare services company OutcomesMTM from Cardinal Health

Acquisition Highlights
  • This is Outcomes’ 1st transaction in the Healthcare Services sector.
  • This is Outcomes’ 6th transaction in the United States.
  • This is Outcomes’ 1st transaction in Iowa.

M&A Deal Summary

Date 2023-07-10
Target OutcomesMTM
Sector Healthcare Services
Buyer(s) Outcomes
Sellers(s) Cardinal Health
Deal Type Merger

Target

OutcomesMTM

West Des Moines, Iowa, United States
OutcomesMTM is a privately owned company that contracts with more than 40 U.S. health plans throughout the United States to deliver personalized Medication Therapy Management (MTM) services to more than 5.5 million patients through a network of more than 50,000 local chain and independent retail pharmacies, nationwide. OutcomesMTM is based in West Des Moines, Iowa.

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Buyer(S) 1

Buyer

Outcomes

Orlando, Florida, United States

Category Company
Founded 1977
Sector Software
DESCRIPTION

Outcomes is a developer and supplier of pharmacy management software solutions to the independent, hospital, long-term care, and specialty pharmacy markets across the United States, Mexico, and the Caribbean. Outcomes offers software solutions to enable insurance claims processing, e-prescription connectivity, pharmacy workflow management, and other critical functions for its pharmacist customers. Outcomes was formed in 1977 and is based in Orlando, Florida.


DEAL STATS #
Overall 6 of 6
Sector: Healthcare Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Iowa M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-21 Tabula Rasa HealthCare - PrescribeWellness Business

New Jersey, United States

Tabula Rasa HealthCare's PrescribeWellness Business is a provider of best-in-class patient relationship management solutions. The business presents a highly complementary patient relationship management solution with a national footprint of more than 15,000 community and chain pharmacies.

Buy -

Seller(S) 1

SELLER

Cardinal Health

Dublin, Ohio, United States

Category Company
Founded 1979
Sector Distribution
Employees47,922
Revenue 226.8B USD (2024)
DESCRIPTION
Entrance to Cardinal Health's corporate headquarters in Dublin, Ohio.
Entrance to Cardinal Health's corporate headquarters in Dublin, Ohio.

Cardinal Health is a distributor of healthcare products. Cardinal Health manufactures medical and surgical products and distributes pharmaceuticals and medical supplies worldwide. Cardinal Health was founded in 1979 and is based in Dublin, Ohio.


DEAL STATS #
Overall 10 of 10
Sector: Healthcare Services M&A 4 of 4
Type: Merger M&A Deals 2 of 2
State: Iowa M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-12 Cordis

Miami Lakes, Florida, United States

Cordis is a provider of cardiovascular and endovascular medical devices. Its products are primarily used in procedures to diagnose and treat the narrowing or blockage of arteries. Cordis was founded in 1966 and is based in Miami Lakes, Florida.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 Specialty Networks

Cleveland, Ohio, United States

Specialty Networks is a technology-enabled group purchasing organization (GPO) that serves independent specialty medical practices, pharmaceutical companies, and medical device companies. Specialty Networks’ service offerings include UroGPO, a urology-specific GPO and provider of educational programs for providers, PPS Analytics, a clinical and business intelligence company serving providers and industry partners, GastroGPO, a gastroenterology-specific GPO, United Rheumatology, a rheumatology-specific GPO, and SN Research, a decentralized clinical research platform. Specialty Networks was founded in 2018 and is headquartered in Cleveland, Ohio.

Buy $1.2B