Wolters Kluwer Subsidiary to Acquire Pharmacy OneSource–Hospital Software as a Service
Posted Dec 01 2010 1:35am
This is a good sign with some consolidation. We have more software available for sale and if we could cut down on all the systems available out there today and get some better collaboration it would certainly help. We need this type of software but we sure have way too much of it in US healthcare and it eats up a lot of money. BD
Philadelphia – Wolters Kluwer Health today announced that one of its wholly- owned subsidiaries has entered into an agreement to acquire Pharmacy OneSource, a leading healthcare Software-as-a-Service (SaaS) provider that helps hospitals manage the complex challenges of patient safety, compliance and efficiency.
The transaction will allow Wolters Kluwer Health to extend its Clinical Decision Support (CDS) solutions into the hospital pharmacy market and will further strengthen the company's leadership position in the growing point-of-care market. "Our acquisition of Pharmacy OneSource is part of Wolters Kluwer Health's business strategy to drive growth in the point-of-care market, which includes the critical area of the hospital pharmacy, where there is a strong need for resources and tools to drive compliance, greater patient safety and cost reductions," said Arvind Subramanian, President & CEO, Wolters Kluwer Health Clinical Solutions. "The combined product offerings of Wolters Kluwer Health and Pharmacy OneSource give us a strong, comprehensive portfolio of healthcare information and clinical decision tools for the pharmacy and accelerate our expansion in the point-of-care market."
Pharmacy OneSource, headquartered in Bellevue, Washington with approximately 100 employees, has developed a strong footprint in the hospital pharmacy market, currently working with more than 1,200 hospitals globally. Wolters Kluwer Health has built a strong business in the retail pharmacy sector with solutions that offer healthcare professionals fast access to evidence-based medical information that helps prevent costly drug errors and detect life-threatening drug-drug, drug-food and drug-allergy interactions. The acquisition of Pharmacy OneSource will enhance Wolters Kluwer Health's ability to deliver a robust, comprehensive point-of-care offering to help pharmacies improve patient safety and compliance while increasing efficiencies across the hospital