Wolters Kluwer Health today announced that one of its
wholly-owned subsidiaries has entered into an agreement to acquire Pharmacy
OneSource, a leading healthcare Software-as-a-Service (SaaS) provider that
helps hospitals manage the complex challenges of patient safety, compliance and
efficiency. The transaction will allow Wolters Kluwer Health to extend its
Clinical Decision Support (CDS) solutions into the hospital pharmacy market and
will further strengthen the company’s leadership position in the growing
point-of-care market.
“Our acquisition of Pharmacy OneSource is part of
Wolters Kluwer Health’s business strategy to drive growth in the point-of-care
market, which includes the critical area of the hospital pharmacy, where there
is a strong need for resources and tools to drive compliance, greater patient
safety and cost reductions,” said Arvind Subramanian, President & CEO,
Wolters Kluwer Health Clinical Solutions. “The combined product offerings
of Wolters Kluwer Health and Pharmacy OneSource give us a strong, comprehensive
portfolio of healthcare information and clinical decision tools for the
pharmacy and accelerates our expansion in the point-of-care market.”
Pharmacy OneSource, headquartered in Bellevue, Washington
with approximately 100 employees, has developed a strong footprint in the
hospital pharmacy market, currently working with more than 1,200 hospitals
globally. Wolters Kluwer Health has built a strong business in the retail
pharmacy sector with solutions that offer healthcare professionals fast access
to evidence-based medical information that helps prevent costly drug errors and
detect life-threatening drug- drug, drug-food and drug-allergy interactions.
The acquisition of Pharmacy OneSource will enhance Wolters Kluwer Health’s
ability to deliver a robust, comprehensive point-of-care offering to help
pharmacies improve patient safety and compliance while increasing efficiencies
across the hospital.
The deal will enable Wolters Kluwer Health to bring technology
and evidence- based medical content to both hospital and retail pharmacies to
help them with critical functions, like medication tracking, pediatric dosing,
drug interaction checking, managing formularies, documenting and monitoring
clinical interventions, medication errors and adverse drug reactions via the
Web or handheld computer, as well as managing checklists to facilitate accurate
and consistent compliance reporting.
Both companies have strong relationships across the
hospital, with Wolters Kluwer Health having built a strong portfolio of
clinical solutions that are leveraged by physicians and nurses at the
point-of-care, in addition to its pharmacy offerings. Leveraging Pharmacy One
Source’s relationships with hospital pharmacies, Wolters Kluwer Health can
extend the reach of its point-of-care solutions across the hospital to drive
greater access to evidence-based medicine, and ultimately, better care.
The transaction is expected to close by the end of year,
subject to customary closing conditions. Terms of the deal were not disclosed.
