Advertise With UsAdvertise on our extensive network of industry websites and newsletters.
Get the PBR newsletterSign up to our free email to get all the latest PBR
news.CareFusion has signed an agreement to acquire Phacts, a Seattle-based technology and consulting company that helps hospital pharmacies better manage inventory, reduce pharmaceutical costs and streamline operations.
Subscribe to our email newsletter
Following the acquisition, CareFusion will be able to advance its strategy to offer hospitals safe and efficient systems to manage medication throughout their facilities – from the loading dock to the patient bedside and through to waste segregation.
CareFusion said by integrating Phacts’ technology into its core Pyxis dispensing technologies portfolio will be able to provide health systems better visibility into drug inventories, helping to reduce on-hand inventory, streamline staff workflow, manage drug shortages and improve financial performance.
CareFusion president of Medical Systems Tom Leonard said with the inclusion of Phacts technology, CareFusion is better positioned to help hospitals realize significant savings, including a reduction in medication inventory on-hand levels by up to 40%.
"The acquisition will enable us to more directly integrate Phacts capabilities into our core CareFusion Pyxis technologies and expand our portfolio to further strengthen our comprehensive, end-to-end medication management offering," Leonard said.
The Phacts portfolio includes Pharmogistics pharmacy inventory management software, PharmoPack high-speed medication packaging and barcode labeling system for oral drugs in solid form, PharmoCode barcode labeling system for non-oral medications and devices.
The acquisition is expected to close in the fourth quarter of CareFusion fiscal year 2012. Terms of the deal, however, were not disclosed.