Healthcare Technology Featured Article

January 12, 2015

PipelineRx Completes Acquisition of Quality Pharmacy Management

PipelineRx, a leading telepharmacy solutions provider serving acute and specialty hospitals, recently announced the completion of its acquisition of Quality Pharmacy Management (qPM), a company that also provided telepharmacy solutions.

PipelineRx, based in San Francisco, will benefit from a bolstered presence in the six states that qPM previously operated in: California, Colorado, Oregon, Utah, Wyoming and Alaska. All of qPM's telepharmacists will be offered equivalent positions at PipelineRx, and the former company's management will join PipelineRx's to create a unified leadership team. The company hopes that with this acquisition it will be able to more effectively provide its remote pharmacy solutions to hospitals and Integrated Delivery Networks in a way that enhances the quality of patients' care while reducing hospitals' operating costs.

"The rapid consolidation of hospitals and drive for interoperability solutions has led qPM and its shareholders to combine its efforts with PipelineRx," said Kevin Jones, former CEO of qPM. "Telepharmacy is optimizing the workforce and workflow of both IDN and rural hospital pharmacies, and there's much work to be done. Along with PipelineRx, we look forward to fostering great opportunities for telepharmacy to improve hospital pharmacy workflow efficiencies and support interoperability."

Telepharmacy is a key component of the rapidly expanding telemedicine industry, which is expected to reach $30 billion globally by the end of 2016, according to PipelineRx. The company, which has become one of the leaders of the market since its founding in in 2009, receives the majority of its funding from strategic investor AMN Healthcare Services, Inc. as well as partners CareFusion and the California Healthcare Foundation.

"We are thrilled to announce this acquisition and the additions of the QPM management and telepharmacists to our team, allowing PipelineRx to advance the business of technology leveraged telepharmacy solutions," said Brian J. Roberts, CEO of PipelineRx. "With more hospitals and states having PipelineRx telepharmacist coverage and its technology network, PipelineRx can bring even more value to its national clients."

Edited by Maurice Nagle

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