QuVa Pharma Completes Acquisition of LogicStream Health Combination Creates Integrated Platform of Compounded Medications, Distribution Services, and AI-Powered Data Solutions
Summary
Uniquely empowers customers to proactively combat drug shortages and rising pharmacy costs through predictive analytics and insights that support inventory management, clinical utilization, and provide benchmarking so health systems can achieve greater value through operating more effectively and efficiently SUGAR LAND, Texas, July 25, 2024 /PRNewswire/ -- QuVa Pharma, Inc. ("QuVa"), announced today the acquisition of LogicStream Health, Inc. ("LogicStream"), the Minneapolis, MN, based SaaS software informatics platform providing market-leading, cloud-based intelligence to healthcare system pharmacies. LogicStreams machine learning and predictive analytics generate differentiated insights needed for customers to solve their most difficult problems, including addressing drug shortages. LogicStreams solution leverages advanced AI models to meticulously analyze vast clinical datasets and provide deep and powerful insights into real-time drug utilization trends, emerging and existing drug shortages, diversion behavior, and patient outcomes to help health systems make informed and timely decisions, reduce costs and improve compliance and outcomes. "We focus every day at the intersection of technology and healthcare and I believe this area has immense potential for improving patient outcomes while simultaneously driving clinical, financial and operational efficiencies," said Patrick Yoder, PharmD and Co-founder and CEO of LogicStream. QuVa is a national, industry-leading, FDA registered 503B outsourcing services company that provides hospitals with essential medications in ready-to-administer injectable formats that are critical for effective patient care.