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Tabula Rasa HealthCare Completes Acquisition of DoseMe
DoseMeRx’s precision dosing capabilities will combine with TRHC’s proprietary Medication Risk Mitigation (MRM) technologies to enhance and accelerate medication safety solutions and will be made available to the hospital healthcare system market and internationally.
Mr. Cornish’s background encompasses more than 20 years in various medical devices, pharmaceuticals, healthcare consumables, funds management and management consulting roles throughout
“What a terrific way to start 2019,” said TRHC’s Chairman and CEO
Every year, over 2 million serious adverse drug events occur in hospitals in
Choosing the correct dose of high-risk parenteral medications, personalized for each patient, can be challenging because responses to drug therapy vary widely. DoseMe’s focus is on providing solutions for individualizing the dose of such medications to help healthcare professionals easily optimize therapy for each patient, resulting in improvements to mortality, risk and patient outcomes. Over 1,000 clinicians, across more than 100 locations world-wide, rely on DoseMeRx to optimize the dosing of high-risk medications for tens of thousands of patients. DoseMe services health-systems and infusion service centers throughout
“We are excited to become a part of
TRHC (NASDAQ:TRHC) is a leader in providing patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations, lower healthcare costs and manage risk. TRHC provides solutions for a range of payers, providers and other healthcare organizations. For more information, visit TRHC.com.
DoseMeRx is a precision dosing software designed for healthcare practitioners that uses Bayesian dosing methods to predict the optimal dose of drugs monitored by Therapeutic Drug Monitoring. It is unique support software that leverages clinically validated pharmacokinetic drug models, patient characteristics, genotype (if available) and exact patient responses to the drug dosed (via drug concentrations) to guide dose optimization. Its simplicity and portability means Bayesian dosing benefits can be brought to every bedside.
This press release includes forward-looking statements that we believe to be reasonable as of today’s date. Such statements are identified by use of the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “should,” and similar expressions. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Many factors could cause actual results to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the ability to combine DoseMeRx with our existing products and the effectiveness of such combination, (ii) the parties may be unable to achieve expected synergies and operating efficiencies in the transaction within the expected time frames or at all and to successfully integrate DoseMe’s operations into our operations, (iii) the transaction may not result in the accretion to our earnings or other benefits, (iv) integration of DoseMe into our business may be more difficult, time consuming or costly than expected, (v) the effect of the completion of the transaction on our and/or DoseMe’s business relationships, operating results, and business generally and potential difficulties in DoseMe’s employee retention as a result of the transaction, (vi) risks related to diverting management’s attention from our ongoing business operations, and (vii) other risk factors described in our periodic reports filed with the
T: (215) 870-0829
Bob East or Asher Dewhurst
T: (443) 213-0500
Source: Tabula Rasa HealthCare, Inc.