Pharmacy packaging and automation provider TCGRx, a portfolio company of Frazier Healthcare Partners, today announced the acquisition of Parata Systems. Established leaders in medication adherence packaging and high speed automated robotic dispensing technologies, TCGRx and Parata have combined to create a new market leader focused on providing pharmacy technology solutions that support business growth, better health outcomes and lower medical costs.
Together, TCGRx and Parata currently have more than 4,500 medication adherence packagers, inspection systems and vial-filling robots installed in retail, long term care, hospital, government and mail order pharmacies throughout North America. In addition to these pharmacy automation technologies, the company will expand on their existing growth initiatives with central fill, inventory control and automated blister card packaging technologies to meet the broad needs of their pharmacy customers.
Duane Chudy, founder of TCGRx, commented, “TCGRx’s merger with Parata provides a major growth opportunity for both our businesses through extended solution and service offerings for our customers. As pharmacies elevate their role in the healthcare ecosystem, we will be best positioned to support them on their journey.”
Mark Longley, Parata Executive Vice President of Sales, added, “Pharmacies are under intense pressure to deliver exceptional service in the most cost-effective manner possible, all while enhancing the patient experience. The combination of our collective resources will allow us to accelerate the pace of innovation and better meet the rapidly evolving needs of our pharmacy customers.”