With growing preference for automated solutions in pharmacies, adoption of pharmacy automation system is expected to rev up globally. In an attempt to underscore lucrative opportunities, the market players are increasingly focusing on mergers and acquisitions.
Product Development to Fuel Adoption
As demand for automated cabinets for dispensing medications continues to increase in the healthcare industry, market players are mainly focusing on offering enhanced inventory management and drug tracking services. A recently published news report states that a private equity firm based in Los Angeles, Levine Leichtman Capital Partners has recently acquired Capsa Healthcare. Capsa Healthcare provides services related to pharmacy automation solutions, management products for medications, and mobile workstations.
Kirby Lester, Capsa Solutions, Capsa Healthcare, and Rubbermaid Healthcare have formed an integration, and will mainly focus on manufacturing and developing pharmacy automation systems, point-of-care workstations, and medication management solutions. By offering integrated and high quality solutions, and understanding the challenges, the services will elevate performance of the customers. Led by Andrew Sherrill, Caspa Healthcare will acquire an ownership stake in Levine Leichtman Capital Partners.
Andrew Sherrill stated that he and his team is very excited to partner with Levine Leichtman Capital Partners. Through the acquisition, the company plans to enhance the leading position of the market in the healthcare industry. Experience of Levine Leichtman Capital Partners across the healthcare sector regarding highly engineered services and products will remain an important factor that will impact growth of the company.
Acquisition to Impact Market Growth
Another news report states that Swisslog Healthcare has completed the acquisition of Talyst, the West Coast medication management company. As serving a large customer base remains a challenging task, the companies will be integrating the pharmacy systems with automated technologies. The CEO of Swisslog Healthcare, Stephen Sonderegger stated that the acquisition will help in developing enhanced solutions strategy for providing the customers with an end-to-end integration of the supply chain for medicines.
The news report states that the Swisslog will retain the facility and building of Talyst in Kirkland, and is also constructing a new building in Denver. The managing director and board member of Columbia Pacific Advisors, Stead Broadwell stated that the company plans to integrate its office with the Dallas Talyst office. He further stated that the Swisslog Healthcare is a leading company in the software systems design and healthcare industry globally.
The news report further stated that the CEO of Talyst, Carla Corkern will not be joining the company. Carla Corkern floated a post on LinkedIn in which he said that it was a privilege and honor to lead this organization and witness the corporate growth and its impact on the industry.