PDM Healthcare, a leading, national Healthcare Service Organization (HSO) offering supply chain management and GPO services had reached an agreement to acquire the assets of The Compounder’s Group (TCG), and its group purchasing services and the related customers and contracts.
TCG is a niche group purchasing organization focused on compounding pharmacies. Founded by pharmacists Richard Moon, Matthew Buderer, Donnie Calhoun, Patricia Stephens, Dana Reed-Kane, and David Rochefort in 2011, TCG has grown to over 200 pharmacy member facilities. TCG takes great pride in providing quality compounding solutions and educational services to its membership.
By joining PDM Healthcare, TCG members have gained access to an expanded manufacturer contract portfolio encompassing compounding supplies and equipment, pharmaceuticals, medical supplies, home healthcare, business, and clinical technologies, and more. TCG members have also gained access to PDM Healthcare’s diverse supply chain management and business analytic solutions, allowing for operational efficiency and business growth opportunities.
Speaking on behalf of the TCG Board of Directors, Mr. Moon stated, “we have had the privilege of steering TCG for the past several years and creating a very special niche of offerings for the compounding pharmacy community. Joining PDM Healthcare is an ideal next step for our group because PDM has the expertise and national bandwidth to provide a broad and diverse contract portfolio and customer support for our members. We are confident that our members will receive a quality level of service from PDM Healthcare, along with cost savings and margins, especially during these challenging economic times when they need it most."
Going forward, TCG services will be fully managed by PDM Healthcare, with support from the TCG board during the member and vendor contract transition phase.
Mr. Ash Chawla, Chairman & CEO of PDM Healthcare, stated “compounding pharmacies provide unique and valuable services to their patients. Our goal is to empower these facilities to continue to deliver quality products, improve patient outcomes, and remain viable and profitable in a dynamic healthcare environment. PDM Healthcare is excited to welcome TCG members to the PDM family, and we look forward to working together for future growth.”
As a national GPO (member representation of $15 billion+), PDM provides group purchasing, supply chain management, business development, education, marketing, and advertising to the healthcare industry. The first to consistently serve all classes of trade in the pharmacy industry, including hospital, home health care, compounding, specialty, LTC, retail pharmacy, and surgery centers/physician clinics.
