Apr 19, 2017

Omnicell Acquires InPharmics

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.


About InPharmics
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.

 

About Omnicell
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

 

Forward-Looking Statements
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.

Market Buzz

Dec 14, 2017 iMedicare and Creative Pharmacist Announce Strategic Partnership
Dec 13, 2017 American BioTech Supply Introduces Webpages Dedicated to Natural Refrigerant Tec...
Dec 08, 2017 Azzur Labs Expands Accreditation
Dec 08, 2017 Azzur Labs Named Fourth Best Place To Work in PA
Dec 06, 2017 Hacettepe University Oncology Hospital Introduces Omnicell i.v.STATION ONCO Robo...
Dec 01, 2017 Swisslog Healthcare Launches Next-Generation Pharmacy Analytics Platform To Tran...
Nov 28, 2017 Omnicell Introduces Revolutionary New Solution to Automate Critical Workflows in...
Nov 22, 2017 R.J. Hedges & Associates Named 2017 Torch Award for Ethics by BBB
Nov 17, 2017 BestRx First Pharmacy Dispensing Software Company to Achieve Level 2 – Pharmac...
Nov 16, 2017 Introducing Accreditation Commission for Health Care as a Thought Leader in Phar...
Nov 15, 2017 Medi-Dose®, Inc. / EPS®, Inc. Now Markets Steri-Tamp® Tamper-Clear Syringe...
Nov 14, 2017 Omnicell Supports Global Charity Mercy Ships by Donating Next Generation XT Seri...
Nov 14, 2017 Medi-Dose, Inc. Announces NEW MPB™ Multi-Purpose Blister
Nov 13, 2017 OmniSYS Announces Strategic Partnership with PerceptiMed
Nov 02, 2017 Contec, Inc. Recognized as One of America's Healthiest Organizations by American...
Nov 02, 2017 Introducing Apexus as a Thought Leader in 340B Drug Pricing and Education
Oct 31, 2017 Medicine-On-Time and Clinical Support Services Announce the Formation of Star MT...
Oct 26, 2017 Hackensack Meridian Health Expands Contract with Omnicell for Medication Managem...
Oct 26, 2017 iMedicare and American Associated Pharmacies Partner to Help Independent Pharmac...
Oct 25, 2017 Medi-Dose, Inc. / EPS, Inc. Announces Expanded Line of Resealable and Ultraviole...
Oct 25, 2017 Riverside Medical Center Selects Omnicell's Medication Management Solutions to E...
Oct 25, 2017 Kinney Drugs 1st Patient-Centered Pharmacy Home™ Accreditation Recipient
Oct 24, 2017 Dana Rafferty Named Akro-Mils Executive Director of Sales and Marketing
Oct 23, 2017 Medi-Dose/EPS Announces TampAlerT® Tamper-Evident Cap for ENFit™ Syringes
Oct 20, 2017 Phononic Honored by Goldman Sachs for Entrepreneurship
Oct 19, 2017 Contec, Inc. Earns Working Well’s Platinum Recognition for Promoting Optimal W...
Oct 11, 2017 Smith Drug Company Names Associate Vice President of Strategic Accounts
Oct 11, 2017 FDS Achieves Pharmacist eCare Plan Level I Capability
Oct 11, 2017 CAM Commerce Goes Live with Cumulus Retail; New, Affordable Cloud POS
Oct 06, 2017 Frost & Sullivan Names Omnicell as Global Smart Hospitals’ Pharmacy Automation...

RXinsider Product Overview Videos