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H. D. Smith Completes Full Ownership Acquisition Of Triplefin, Solidifying End-To-End Value Chain For Pharmaceutical And Patient Support Services
Date:9/30/2013

SPRINGFIELD, Ill., Sept. 30, 2013 /PRNewswire/ -- H. D. Smith, among the nation's largest pharmaceutical wholesalers and pharmaceutical services providers, today announced full ownership acquisition of Triplefin, a reimbursement, patient assistance and pharmaceutical brand-support services Company, headquartered in Cincinnati, Ohio. H. D. Smith secured majority representation on Triplefin's board of directors in January, 2013 and majority stock ownership interest in May, 2013. H.D. Smith has now acquired the remaining 49% of shares in Triplefin giving the Company full ownership. Triplefin will operate as a wholly owned subsidiary of H. D. Smith within the H. D. Smith Specialty Solutions Operating Unit. Financial terms of the full ownership acquisition remain confidential.

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"H. D. Smith is committed to providing end-to-end value throughout the healthcare chain to our customers and the patients they serve – and the Triplefin mission to remove barriers, connect patients and grow brands fits perfectly with the H. D. Smith Specialty Solutions focus on the patient journey," said Dale Smith, chairman and executive officer, H. D. Smith. "Our interest in Triplefin began a year ago, sparked by the company's specialized offerings across patient support programs, distribution/fulfillment, marketing, pharmacy services, technology and specialty product education functions. Together, our organizations have already integrated many of our functions, and established an end-to-end service value chain touching all aspects of prescription medicine distribution and support – and we look forward to cont
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