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PipelineRx Completes Acquisition of Healthcare Connectivity Solutions Company Evolute Consolidated Holdings
Date:2/19/2013

SAN FRANCISCO, Feb. 19, 2013 /PRNewswire/ -- PipelineRx, a leading medication management services company focused on clinical telepharmacy, announces the closing of its acquisition of Evolute Consolidated Holdings ("Evolute"), an IT integration services portfolio company of Aequitas Capital.  Financial terms of the transaction are not being released.

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Evolute, based in Denver, Colorado, develops and integrates healthcare connectivity solutions that help hospitals and their patient care providers more effectively communicate with each other and with external clinical services, health plan and product partners. Evolute's workflow and automation IT solutions reduce hospital costs by integrating and consolidating processes, reducing errors and making hospital organizations more effective in their day-to-day activities.

PipelineRx has quickly grown into a leading telepharmacy services company recognized for its clinical pharmacy expertise and high quality service. With meaningful use, PipelineRx's ability to interoperate with a hospital client's native CPOE capabilities is coming into sharper focus.

"Hospitals are facing an increasing complex set of dynamics centered upon enabling cost-effective interoperability inside their own organizations and also meeting the increasingly difficult mandates of achieving meaningful use in an emerging Accountable Care environment," states Bruce Keller , CEO of PipelineRx.

"To better serve our clients, we quickly realized that simply adding more clinical telepharmacists was only one way to achieve scale. Rather, the long-term investment is to improve the tools and processes to enable our clinical staff to become more efficient and allow them to focus on our core value proposition 
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SOURCE PipelineRx
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