Specialty pharmacies have attracted a lot of interest from private equity firms in 2016. Now it’s specialty pharmacy services companies that are beginning to see consolidation. In October, Rx30, a portfolio company of GTCR since June 2015, merged with another pharmacy software supplier, privately held Computer Rx. Rx30 develops and supplies pharmacy management software solutions to the independent, hospital, long-term care and specialty pharmacy markets. Computer Rx has a similar focus, which includes community pharmacies.
Rx30’s CEO Steve Wubker will lead the combined business. Roger Warkentine, founder of Computer Rx, will continue as an advisor to the combined business, and Lauren Warkentine, current COO of the company, will become president of Computer Rx. The rest of the leadership teams in each company will remain in place.
What will be combined is the pharmacy, data analytics and medication therapy management assets of each company.
Each platform will continue to run independently, with the combined company’s headquarters in Ocoee, Florida. Computer Rx will remain headquartered in Moore, Oklahoma. This is Rx30’s third acquisition in 2016. The company acquired vMEDEX in April and Lagniappe Pharmacy Services in May for undisclosed prices.