Orlando, FL — July 10, 2023—Transaction Data Systems (TDS), a portfolio company of BlackRock Long Term Private Capital and GTCR, is pleased to announce the closing of the previously announced transaction with Cardinal Health (NYSE: CAH) to merge with Outcomes. This merger brings together a full suite of patient engagement, clinical and pharmacy workflow solutions to the nation’s largest network of retail, chain, and grocery pharmacies.

The company will assume the name Outcomes and fully rebrand by end of year. Jude Dieterman, Chief Executive Officer of TDS, will remain CEO of the combined organization. Brent Stutz, Outcomes’ general manager, will become President of the combined company. As part of the transaction, Cardinal Health will hold a minority stake in the company, and Cardinal Health’s Chief Executive Officer of its pharmaceutical segment, Debbie Weitzman, will join the company’s board of directors. Read more >