Merger with TCGRx

Healthcare
Merger with TCGRx

Summary

Baird served as financial advisor to Parata Systems, LLC on this transaction

About

Parata Systems, LLC (“Parata” or the “Company”) recently merged with Chudy Group, LLC (d.b.a. TCGRx), a portfolio company of Frazier Healthcare Partners (“Frazier”). Terms of the transaction were not disclosed.

Parata provides pharmacy technology solutions that empower pharmacists to help people lead healthier lives. Founded in 2001, Parata offers the most extensive pharmacy automation portfolio in the industry – designing, building and supporting both vial-filling and pouch packaging solutions. The Company is headquartered in Durham, North Carolina.

TCGRx is a supplier of pharmacy automation technologies, offering scalable solutions that range from simple packaging technology to enterprise-wide perpetual inventory management. TCGRx solutions are specifically designed to make pharmacies and their processes more efficient. Established in 2006, TCGRx maintains a focus on the current landscape and future needs of pharmacies. TCGRx is headquartered in Powers Lake, Wisconsin.

Founded in 1991, Frazier Healthcare Partners is a provider of growth and venture capital to healthcare companies. With nearly $4.2 billion total capital raised, Frazier has invested in over 170 companies. Frazier is headquartered in Seattle, Washington with an additional office in Menlo Park, California.
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Healthcare
Merger with TCGRx
Date
December 2018
Company
Parata Systems, LLC
Transaction
M&A
Sectors
Healthcare
Target Location
North America
Acquiror Location
North America

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