Pharmacy automation provider Parata Systems, a portfolio company of Frazier Healthcare Partners, today announced the acquisition of Synergy Medical, a privately-held company that develops automation technologies to prepare and dispense solid oral medications in blister cards.
Parata said the acquisition grows is ability to meet the needs of pharmacy operators in a variety of settings, including retail, hospital, long-term care and even direct-to-home.
"Pharmacies in all care settings share the same need to reduce costs, improve health outcomes and enhance the patient experience," said Rob Kill, CEO of Parata Systems. “The addition of SynMed's best-in-class blister automation technology to Parata's best-in-class vial fill and pouch automation technologies allows us to meet the needs of our customers no matter the dispensing format. In addition, our unique central fill solution geared toward closed door, micro-fulfillment centers which are closest to the customer position us for accelerated growth."
The combined company has installed more than 6,000 systems in approximately 4,000 pharmacies. In addition to these pharmacy automation technologies, the company will expand on its existing growth initiatives with central fill and inventory control systems to meet the broad needs of their pharmacy customers.
"Both institutional caregivers, as well as our seniors who favor staying healthy at home, are looking for practical solutions that facilitate adherence to their therapeutic treatments," said Jean Boutin, founder and president of Synergy Medical. “SynMed's proven technology, combined with that of Parata, facilitates large-scale deployment of adherence programs by our Pharmacy partners. The result is a variety of innovative solutions, well-suited to the needs of our aging population."
Parata said that it is welcoming Synergy Medical's approximately 150 full-time team members. Synergy Medical will continue to operate in Longueuil, Quebec, with Jean Boutin serving as president.