Frazier-backed TCGRx acquires Parata Systems
Summary
TCGRx , a portfolio company of Frazier Healthcare Partners , has acquired Durham, North Carolina-based Parata Systems , a provider of pharmacy technology solutions.POWERS LAKE, Wis. and DURHAM, N.C., Dec. 3, 2018 /PRNewswire/ — Pharmacy packaging and automation provider TCGRx, a portfolio company of Frazier Healthcare Partners, today announced the acquisition of Parata Systems.Together, TCGRx and Parata currently have more than 4,500 medication adherence packagers, inspection systems and vial-filling robots installed in retail, long term care, hospital, government and mail order pharmacies throughout North America.Duane Chudy, founder of TCGRx, commented, “TCGRx’s merger with Parata provides a major growth opportunity for both our businesses through extended solution and service offerings for our customers.Mark Longley, Parata Executive Vice President of Sales, added, “Pharmacies are under intense pressure to deliver exceptional service in the most cost-effective manner possible, all while enhancing the patient experience.
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