Healthcare information provider Wolters Kluwer Health (WK Health), US, has announced that one of its wholly-owned subsidiaries has entered into an agreement to acquire Pharmacy OneSource. Pharmacy OneSource is a healthcare Software-as-a-Service (SaaS) provider that helps hospitals to manage the complex challenges of patient safety, compliance and efficiency.
This acquisition is part of WK Health's business strategy to drive growth in the point-of-care market, which includes the critical area of the hospital pharmacy. 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.
The acquisition of Pharmacy OneSource will enhance WK 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. The deal will enable WK Health to bring technology and evidence-based medical content to both hospital and retail pharmacies to help them with critical functions, like medication tracking, pediatric dosing, drug interaction checking, managing formularies, documenting and monitoring clinical interventions, medication errors and adverse drug reactions via the Web or handheld computer, as well as managing checklists to facilitate accurate and consistent compliance reporting.
The transaction is expected to close by the end of year, subject to customary closing conditions. Terms of the deal were not disclosed.
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