Navigation Links
H. D. Smith Completes Acquisition Of Pharmaceutical Support Services Company Triplefin
Date:6/20/2013

SPRINGFIELD, Ill., June 20, 2013 /PRNewswire/ -- H. D. Smith, among the nation's largest pharmaceutical wholesalers, today announced the completion of the deal to attain majority interest in Triplefin, a reimbursement, patient assistance and pharmaceutical brand-support services Company, headquartered in Cincinnati, Ohio. Under the original terms of the agreement, H. D. Smith achieved majority board representation in Triplefin immediately, and recently secured majority stock ownership in the Company. Financial terms of the acquisition remain confidential.

(Logo: http://photos.prnewswire.com/prnh/20121015/NY93014LOGO )

The Triplefin-H. D. Smith combination creates an end-to-end service value chain touching all aspects of prescription medicine distribution and support, with Triplefin working alongside Smith Medical Partners, the company's specialty distribution business unit.  Both subsidiaries fall under H. D. Smith's Specialty Solutions division.  The integration of the two units is ongoing.

"The completion of this acquisition affirms the service power of two highly specialized, focused organizations that help advance traditional and specialty brand pharmaceutical support offerings to manufacturing partners, specialty pharmacy customers, healthcare professionals and most importantly, patients with highly specialized healthcare needs," said Dale Smith, chairman and chief executive officer, H. D. Smith. "The benefit of Triplefin joining H. D. Smith Specialty Solutions is already seen across all channels of our business –– we are now a stronger partner for brand and specialty manufacturers; a highly valuable service provider for institutions, acute care, physician offices, specialty and retail pharmacies; and a trusted supplier for patients expecting reliable access to prescription medicines."

With the transaction now complete, Smith Medical Partners' customers will benefit from expanded service offerings provided by Triplefin, including critical distribution/fulfillment, marketing, pharmacy services, technology and specialty product education functions.  The combined organization will support offerings to specialty product manufacturers and pharmacy partners previously provided by Smith Medical Partners.

"The specialty health services model of today does more than just ensure that a product travels safely and securely from manufacturer to patient.  Today's model must ensure that the needs of pharmacists, physicians, payers, group purchasing organizations, and patients are met – from patient-care information and education materials to clinical needs.  Meeting these multiple mandates requires highly specialized fulfillment complimented with specialized handling and patient treatment support services that provide the safety, security and knowledge to successfully treat the patient," said Joseph Conda, president of H. D. Smith Specialty Solutions.  "With a larger and more diversified Specialty Solutions portfolio, we are now well equipped to provide varied services and support functions for all of the players involved in the care and treatment of patients requiring specialty pharmaceuticals."

About H. D. Smith
Headquartered in Springfield, Illinois, H. D. Smith is among the largest national full-line, full-service wholesalers providing a complete line of prescription products, OTCs, HBAs, home healthcare products, durable medical equipment, seasonal merchandise and a wide array of marketing programs to retail pharmacies, regional chains and health systems. The company has distribution facilities in California, Florida, Kentucky, Illinois, New Hampshire, New Jersey and Texas that service major markets throughout the United States.  Additional information about H. D. Smith can be found at hdsmith.com

About Smith Medical Partners
Smith Medical Partners, a wholly owned subsidiary of H. D. Smith and a division of H. D. Smith Specialty Solutions, focuses on specialty pharmaceutical distribution and services.  Smith Medical Partners delivers to healthcare providers lifesaving medicines and supplies, including a full line of brand pharmaceuticals, injectables, vaccines and a robust generics portfolio.  Licensed in all 50 states, Smith Medical Partners combines national reach with accessibility.  With a knowledgeable team focused on providing exceptional customer care and offering valuable insight on item selection, patient assistance programs and reimbursement solutions, Smith Medical Partners services hundreds of specialty pharmacies and thousands of physician offices and clinics of all sizes.  More than just product dispersal, Smith Medical Partners provides flexible offerings that facilitate cost-containment and efficiency throughout the supply chain, including helping manufacturers procure credentialed comparator products for clinical trials, third-party logistics and back-end telesales support for new and end-of-life cycle commercial products. Additional information about Smith Medical Partners can be found at smpspecialty.com.

About Triplefin
Triplefin, a division of H. D. Smith Specialty Solutions, is headquartered in Cincinnati, Ohio, and recognized as the premier provider of pharmaceutical marketing support solutions. For more than 30 years, Triplefin has continually helped pharmaceutical brand managers remove barriers to brand access and adherence and put prescription brands into patients' hands…and keep them there throughout treatment.

Today, more than 45 pharmaceutical manufacturing companies (including 15 of the top 20), representing more than 150 brands across multiple therapeutic categories, have connected with Triplefin and experienced success with Triplefin's solutions. Our mission is to connect patients, providers, pharmacies and payers to improve outcomes and to remove brand challenges with access, acquisition and adherence.

Contact:
Mark Marmur
Makovsky + Company, Inc.
212-508-9670
mmarmur@makovsky.com  

Carolyn Webb
H. D. Smith
217-747-8125
carolyn.webb@hdsmith.com


'/>"/>
SOURCE H. D. Smith
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Upsher-Smith Is Honored With Prestigious Industry Award For Leadership And Innovation
2. Upsher-Smith Successfully Completes Phase III Study Of USL255 (Extended-Release Topiramate) For Adjunctive Treatment Of Epilepsy In Patients With Refractory Partial-Onset Seizures
3. Upsher-Smith Introduces Newly Redesigned Corporate Website
4. Merck and Celebrity Chef Art Smith "Cook Up a Recipe" for Better Type 2 Diabetes Management
5. CIOs von GlaxoSmithKline und British American Tobacco als Referenten auf führender Strategie-Veranstaltung für Unternehmensmobilität
6. CIOs of GlaxoSmithKline and British American Tobacco to Speak at Leading Enterprise Mobility Strategy Event
7. GlaxoSmithKline CFO Interviewed on Q1 2013 Financial Results
8. GlaxoSmithKline and A*STARs Institute of Chemical Engineering and Sciences to Develop new Medicines for Emerging Markets
9. GlaxoSmithKline and Liberty Property Trust/Synterra Partners Transform the Work Environment with the Opening of Five Crescent Drive Today
10. GlaxoSmithKline and Liberty Property Trust/Synterra Partners Transform the Work Environment with the Opening of Five Crescent Drive
11. Texas A&M System and GlaxoSmithKline receive U.S. Government approval to establish influenza vaccine facility in Texas
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/11/2017)... , Oct. 11, 2017  Caris Life Sciences ® ... fulfilling the promise of precision medicine, today announced that ... Caris, Precision Oncology Alliance™ (POA) as its 17 th ... the St. Jude Crosson Cancer Institute will help develop ... use of tumor profiling, making cancer treatment more precise ...
(Date:10/11/2017)... CHICAGO , Oct. 11, 2017  Hill-Rom Holdings, ... its Aspen Surgical facility in Las Piedras, ... surgical scalpels and blades. ... confirmed that the facility sustained minor structural damage, temporary ... Hurricane Maria. Repairs have been completed, manufacturing operations have ...
(Date:10/10/2017)... EXTON, Pa. , Oct. 10, 2017   ... leader in innovative solutions for injectable drug administration, today ... of West,s ID Adapter for improving the intradermal administration ... the Fourth Skin Vaccination Summit in May 2017 by ... Team Lead, Polio Department, World Health Organization (WHO), and ...
Breaking Medicine Technology:
(Date:7/22/2018)... ... ... A July 12 article in Glamour offers examples of six women who made ... weight loss surgery after she was moved to take more control of her life following ... years, she lost close to 90 pounds following her sleeve gastrectomy. “Bariatric surgery has definitely ...
(Date:7/22/2018)... ... July 20, 2018 , ... Dr. Joseph V. Pergolizzi, Jr., CEO of Native ... after retiring and resigning as a part-time adjunct assistant professor in the Department of ... serving on the Johns Hopkins faculty for many years; however, I have decided that ...
(Date:7/22/2018)... ... ... Novant Health is pleased to announce that Chad Setliff will be the ... , Setliff, who begins in the new role on Aug. 12, most recently served ... Novant Health Clemmons Medical Center. Before that, he was president and COO of Novant ...
(Date:7/22/2018)... ANGELES (PRWEB) , ... July 20, 2018 , ... Cosmetic Town, a Los Angeles based ... easier for patients. The website is starting the publication of a series of lists that ... , According to the senior editor of Cosmetic Town , “San Diego is often ...
(Date:7/22/2018)... ... , ... "Business Matrix" is a show hosted by a successful actor, Laurence ... will focus on sports injury prevention. , Sports are a great way to keep ... fun or compete professionally. Unfortunately, all sports have some level of injury risks. ...
Breaking Medicine News(10 mins):