Apr 19, 2017
Advanced Pharmacy Informatics Capabilities Enhance Performance Center Offering
Omnicell, Inc., a leading provider of medication and supply management solutions and adherence tools to healthcare systems and pharmacies, today announced that it has completed the acquisition of InPharmics, a Mississippi-based technology and services company that provides advanced pharmacy informatics solutions to hospital pharmacies. The acquisition will expand the capabilities of Omnicell's Performance Center™.
Health system pharmacies manage incredibly complicated clinical, distributive, and supply chain systems, and it is critical for pharmacy to understand and effectively manage the costs attributed to the medication use process while optimizing patient safety and regulatory compliance. InPharmics currently serves more than 150 hospitals with tools that analyze drug cost by patient diagnosis, thereby supporting pharmacy's clinical activities while helping to optimize supply chain performance and comply with drug pedigree regulations.
"InPharmics goes beyond purchasing data to deliver analytics at the patient level. Our pharmacists use web-based tools to create and maintain data linkages across the health system's multiple information platforms. As a result, pharmacy has visibility to its cost at every point in the medication use process," said Bobby Parker, founder of InPharmics.
Omnicell® Performance Center combines enterprise software solutions with ongoing expert services to proactively monitor pharmacy operations and deliver actionable insights for improved operational efficiency, regulatory compliance, and patient outcomes.
"Pharmacy leaders face significant pressures to balance cost, quality, and compliance across an increasingly broad and more complex healthcare landscape," said Nhat Ngo, executive vice president, Strategy and Business Development at Omnicell. "The InPharmics® solution adds clinical and compliance analytics to the Performance Center offering, positioning Omnicell as the partner of choice for health systems looking to drive improvement across all facets of medication management."
Financial details on the acquisition are not being disclosed at this time. Omnicell expects the transaction will be immaterial and does not expect it to impact Omnicell's previously communicated 2017 financial guidance.
InPharmics is the premier source for end-to-end medication use process cost analytics and Drug Supply Chain Security Act compliance systems specifically designed for acute care hospital pharmacies.
Since 1992, Omnicell (NASDAQ: OMCL) has been inspired to create safer and more efficient ways to manage medications and supplies across all care settings. As a leader in medication and supply dispensing automation, central pharmacy automation, IV robotics, analytics software, and medication adherence and packaging systems, Omnicell is focused on improving care across the entire healthcare continuum—from the acute care hospital setting, to post-acute skilled nursing and long-term care facilities, to the patient's home.
Over 4,000 customers worldwide use Omnicell® automation and analytics solutions to increase operational efficiency, reduce medication errors, deliver actionable intelligence, and improve patient safety.
Omnicell's innovative medication adherence solutions, used by over 32,000 institutional and retail pharmacies in North America and the United Kingdom, are designed to improve patient adherence to prescriptions, helping to reduce costly hospital readmissions.
Recent Omnicell acquisitions, including Ateb, add distinct capabilities, particularly in central pharmacy, IV robotics, and pharmacy software, creating the broadest medication management product portfolio in the industry.
For more information about Omnicell, Inc., please visit www.omnicell.com.
This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the acquisition of InPharmics and the benefits thereof and the expected impact of the acquisition, including on the financial results of Omnicell. As such, they are subject to the occurrence of many events outside Omnicell's control and are subject to various risk factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statement. Risks include, without limitation, risks associated with business combination transactions, such as the risk that the businesses will not be integrated successfully, that such integration may be more difficult, time-consuming, or costly than expected or that the expected benefits of the acquisition will not occur; risks related to future opportunities and plans for the combined company, including uncertainty of the expected financial performance and results of the combined company following completion of the proposed acquisition; disruption from the proposed acquisition, making it more difficult to conduct business as usual or maintain relationships with customers, employees, or suppliers; and the possibility that if the combined company does not achieve the perceived benefits of the proposed acquisition as rapidly or to the extent anticipated by financial analysts or investors, the market price of Omnicell's shares could decline. Other risks that contribute to the uncertain nature of the forward-looking statements include our ability to take advantage of the growth opportunities in medication management across the spectrum of healthcare settings, including by increasing patient access to medication adherence solutions through relationships with pharmacies, unfavorable general economic and market conditions, risks to growth and acceptance of our products and services, the potential of increasing competition, potential regulatory changes and the ability of the company to improve sales productivity to grow product bookings, to develop new products, and to acquire and successfully integrate companies. These and other risks and uncertainties are described more fully in Omnicell's most recent filings with the Securities and Exchange Commission. Prospective investors are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements contained in this press release speak only as of the date on which they were made. Omnicell undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
|Apr 25, 2017||Spring Cleaning is a Breeze with SuiteRx IPS|
|Apr 20, 2017||Student Pharmacist Compounding Competition 2017: University of Texas at Austin W...|
|Apr 19, 2017||Omnicell Acquires InPharmics|
|Apr 18, 2017||RED HOT Savings - $6,000 OFF Pharmacy Software License!|
|Apr 13, 2017||CAM Commerce Receives PCI QIR Certification|
|Apr 12, 2017||SuiteRx Obtains PrescribersConnection's Long Term Care 10.6 Certification|
|Apr 04, 2017||Comprehensive Pharmacy Services Announces Strategic Acquisition of PharmaSource|
|Apr 04, 2017||Tutela Welcomes Finch Therapeutics, Inc.|
|Apr 04, 2017||TCGRx Announces the Acquisition of Integration and Automation Solutions|
|Mar 29, 2017||Medi-Dose/EPS Announces Expansion of its IV Accessories Product Line|
|Mar 29, 2017||Asembia Opens New Office Location in Nevada|
|Mar 28, 2017||JACKPOT- $6,000 OFF Pharmacy Software License|
|Mar 23, 2017||Tutela Adds Multi Point Calibration to ISO17025 Accreditation|
|Mar 16, 2017||PharMEDium Earns Second Consecutive Center of Excellence Recognition from Benchm...|
|Mar 14, 2017||RXinsider Launches DEA Take-Back Day Promotional Package|
|Mar 02, 2017||Get Paid Easily by Patients as SuiteRx Partners with AR Proactive|
|Mar 02, 2017||All MEDISCA Facilities are VAWD Accredited|
|Mar 02, 2017||FDS, Inc. Announces New Executive|
|Mar 02, 2017||Medi-Dose® / EPS® Announces New ENFit™ Compliant and Compatible Products|
|Mar 01, 2017||South Carolina’s Third-Largest Privately Held Company Announces New CEO|
|Feb 28, 2017||Empowering Pharmacists to Go Beyond - 2017 ASCP Forum|
|Feb 22, 2017||Akro-Mils Announces Online Blog|
|Feb 22, 2017||Audits with SuiteRx Intelligent Pharmacy Software (IPS) is Worry-free!|
|Feb 21, 2017||myDataMart Integration Now Available with New Leaf Rx® Pharmacy Software|
|Feb 17, 2017||Helmer Scientific Expands Feature Set of the i.C3® Information Center|
|Feb 16, 2017||QUALIFIED PERSON CERTIFICATION PROGRAM FOR 503A AND 503B PERSONNEL|
|Feb 15, 2017||SuiteRx Intelligent Pharmacy Software (IPS), the Pharmacy Software You’ll Love|
|Feb 13, 2017||Contec Healthcare Introduces CritiGear™ Chemo Gowns for USP <800> Compliance|
|Feb 09, 2017||A Cyberattack Can Destroy Your Business. Are You Prepared?|
|Feb 08, 2017||You Asked, SuiteRx Listened|
Connect with thousands of pharmacy professionals throughout every practice setting.