Tabula Rasa HealthCare Acquires Mediture and eClusive
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Tabula Rasa HealthCare Acquires Mediture and eClusive
Mediture’s Electronic Health Record software solution and eClusive’s third party administrator services will expand TRHC’s presence in the PACE market and with other At-risk Providers
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September 04, 2018 08:00 ET | Source: Tabula Rasa HealthCare, Inc.
MOORESTOWN, N.J., Sept. 04, 2018 (GLOBE NEWSWIRE) -- Tabula Rasa HealthCare, Inc. (“TRHC”) (NASDAQ:TRHC), a healthcare technology company advancing the field of medication safety, today announced it has acquired Mediture and eClusive, a leading electronic health record solution and provider of third party administrator services in the PACE (Program of All-inclusive Care for the Elderly) market. Mediture and eClusive also service several managed long-term care organizations in the State of New York.
“We are thrilled to join the TRHC family, which shares our commitment to quality care,” said Steve Wosje, Mediture’s newly-appointed Chief Operations Officer and previous Director of Operations. “We have had a long-standing and productive relationship with the leadership of TRHC over the years and together have brought innovative integration solutions to clients.”
Mediture and eClusive will become part of TRHC’s new CareVention HealthCare (“CareVention”) technology and service division, which was created in response to PACE 2.0, a National PACE Association initiative to accelerate PACE growth. The CareVention division will offer an integrated technology platform, including advanced data analytics, as well as consulting services for PACE and other financially at-risk healthcare organizations to support growth and optimize the care they provide to their participants. PACE is a federal program, with 250 centers located in 31 states serving a growing number of eligible Medicare and Medicaid participants.
According to Joseph Filippoli, TRHC’s Executive Vice President and Chief Information Officer, Mediture and eClusive’s transition to Tabula Rasa HealthCare will be seamless for clients. Our number one priority is to ensure that our clients see a tangible benefit from the alignment of all of these services and technology. We expect to be able to present data to our clients in a way that will provide them with insights that were not available to them before, enhancing their ability to manage their PACE organizations and improving the quality of care they provide.”
TRHC’s CareVention division also includes TRHC subsidiary Capstone Performance Systems, its Peak Health Plan Management Services division, and will offer CareKinesis’ medication risk management and pharmacy services for PACE organizations across the country.
Morgan, Lewis & Bockius LLP served as legal counsel to TRHC.
About Tabula Rasa HealthCare
TRHC (NASDAQ:TRHC) is a leader in providing patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations, lower healthcare costs and manage risk. TRHC provides solutions for a range of payers, providers and other healthcare organizations. For more information, visit TRHC.com. Follow us on Twitter @TabulaRasaHC for up-to-date information.
Forward-Looking Statements
This press release includes forward-looking statements that we believe to be reasonable as of today’s date. Such statements are identified by use of the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “should,” and similar expressions. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release. These forward-looking statements include, among other things, our goals and expectations regarding the acquisition of Mediture and eClusive. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: the risk that we may not be able to achieve our expectations for the acquisition due to challenges in integration and the inability to retain key employees; the need to innovate and provide useful products and services; risks related to changing healthcare and other applicable regulations; increasing consolidation in the healthcare industry; managing our growth effectively; our ability to adequately protect our intellectual property; and the other risk factors set forth from time to time in our filings with the SEC, including those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, filed with the SEC on March 14, 2018, and in subsequent reports filed with or furnished to the SEC, copies of which are available free of charge within the Investor Relations section of the TRHC website http://ir.trhc.com or upon request from our Investor Relations Department. Any forward-looking statement speaks only as of the date on which it was made. TRHC assumes no obligation and does not intend to update these forward-looking statements, except as required by law, to reflect events or circumstances occurring after today’s date.
Media Contact
Dianne Semingson
dsemingson@TRHC.com
T: 215-870-0829
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New: Evoke Makes A Bold Statement with Giant Acquisition Acquiring Largest Healthcare Agency on The West Coast, Evoke Adds Depth in Professional Advertising, Multichannel Marketing and Analytics (Press Release: August 3)
Evoke Makes A Bold Statement with Giant Acquisition
Acquiring Largest Healthcare Agency on The West Coast, Evoke Adds Depth in Professional Advertising, Multichannel Marketing and Analytics
NEWS PROVIDED BY
Evoke Group
Jul 17, 2018, 06:08 ET
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NEW YORK, July 17, 2018 /PRNewswire/ -- Huntsworth plc (HNT: LSE) today announces the acquisition of San Francisco-based Giant Creative Strategy from Shamrock Capital, a Los Angeles-based investment firm, adding to its collection of leading health and wellness marketing companies under Evoke Group (www.evokegroup.com). Giant is a full-service creative healthcare agency focused on healthcare professional and multi-channel marketing, backed by a robust data and analytics offering.
"Clients continue to look for opportunities to work with fewer agency partners on larger remits—consolidating business to those with proven and differentiated credentials and expertise in all key brand areas," said Reid Connolly, CEO of Evoke Group. "Evoke has built our offering to accommodate this market shift and the addition of Giant adds an even more robust and differentiated HCP marketing offering to the group, as well as expanded geographic reach."
Founded in 2002, Giant is led by CEO Steven Gold and President Adam Gelling – both of whom will remain with the business and join the Evoke Group Executive Leadership team, reporting to Connolly.
"With 150 expert staff and a roster of premier biotech, pharmaceutical, medical device and diagnostic clients, Giant brings with them the reputation of one of the most progressive and trusted healthcare agencies in the market today," said Connolly. "Everything about the market is more complex today—the science, the commercialization process, the contracting and selling relationships. Not every agency is prepared to guide clients through these challenges. Steven, Adam and the team at Giant are one of the groups out there that truly understand what it takes to be successful in today's ever-changing healthcare landscape and we're excited to have them be a part of the Evoke team."
"Reid and the Evoke team have built one of the most formidable agencies and agency groups in the marketing and communications sector," said Steven Gold. "They've been on the forefront of digital since pharma embraced it. They've established one of the most successful DTC practices in the market today, a rapidly growing market access group, and an HCP portfolio that combined with our own is really one of the more impressive in the space. I could not be happier to work closely with Evoke, to grow our business both in the US and globally and also provide our clients with new and expanded offerings."
Evoke is one of the fastest, organically grown agencies in the industry with 5 locations across the United States and Europe. This acquisition adds a new level of growth to the group.
About Evoke Group and Huntsworth:
Evoke Group (www.evokegroup.com) is a collection of leading health marketing, media and communications companies bound by a common purpose: Health More Human™. With offices in New York, Philadelphia, Chicago, Los Angeles, and London the group includes Evoke Health, FIRSTHAND, Fabric, Traverse HealthStrategy, nitrogen health, Tonic Life Communications and AboveNation Media. Evoke Group is a member of the Huntsworth Health (www.hhealth.com) global group of best-in-class companies serving the health and wellbeing industry through marketing communications, medical education and experiential events.
Huntsworth plc (HNT: LSE) (www.huntsworth.com) is an international healthcare and communications group. The Group's principal area of focus is Health, which provides marketing and medical communications services to healthcare clients, which are primarily large and mid-size pharmaceutical and biotech companies. It also has a smaller Communications group, which provides a wide range of communications and advisory services including strategic communications, public affairs, investor relations and consumer marketing.
Theresa Dolge
Chief Media Relations Officer
Tonic Life Communications
Office: 215-928-2748
Theresa.dolge@toniclc.com
SOURCE Evoke Group
https://www.prnewswire.com/news-releases/evoke-makes-a-bold-statement-with-giant-acquisition-300682021.html
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