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Wolters Kluwer Health Completes Acquisition of Pharmacy OneSource
Date:12/20/2010

PHILADELPHIA, Dec. 20, 2010 /PRNewswire/ -- Wolters Kluwer Health, a leading provider of information and business intelligence for professionals, students and institutions in medicine, nursing, allied health and pharmacy, today announced it has completed the acquisition of Pharmacy OneSource, a leading Software-as-a-Service (SaaS) provider in the hospital pharmacy market. The agreement to acquire Pharmacy OneSource was announced on November 29, 2010.

This acquisition extends Wolters Kluwer Health's Clinical Decision Support (CDS) solutions into the hospital pharmacy market and fits squarely into the company's strategy to expand its business into high growth markets, particularly the fast-growing point-of-care market.

"The acquisition of Pharmacy OneSource will further drive our growth in the point-of-care market, which includes the critical area of the hospital pharmacy," said Arvind Subramanian, President & CEO, Wolters Kluwer Health Clinical Solutions. "Our combined product offerings will give us an excellent portfolio of healthcare information and clinical decision tools for the pharmacy, where there is a strong need for resources and tools to drive compliance, greater patient safety and cost reductions."

Terms of the acquisition were not disclosed.

About Wolters Kluwer Health

Wolters Kluwer Health (Philadelphia, PA) is a leading provider of information and business intelligence for students, professionals and institutions in medicine, nursing, allied health and pharmacy. Major brands include traditional publishers of medical and drug reference tools and textbooks, such as Lippincott Williams & Wilkins; and electronic information providers, such as Ovid®
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SOURCE Wolters Kluwer Health
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