Dispensing Solutions Inc., a Santa Ana, Calif.-based provider of pharma packaging and in-office medication dispensing solutions, has acquired Lake Forrest, Ill-based DRx Pharmaceutical Consultants Inc. from Wellinx Inc. No financial terms were disclosed. Dispensing Solutions is a portfolio company of HealthEdge Investment Partners.
Dispensing Solutions, Inc. (“DSI”), a national pharmaceutical packaging and in office medication dispensing company headquartered in Santa Ana, California, announced today that it has acquired the DRx Pharmaceutical Consultants, Inc. business unit of Wellinx, Inc. DSI will assume the former DRx facility in Lake Forest, Illinois, expanding its production capacity and increasing flexibility to better service customers. The DRx transaction is the second acquisition completed by DSI in the past year, making DSI one of the largest and fastest growing companies in the industry. In total, DSI now supports thousands of active dispensing practices within 44 states.
“This acquisition provides DSI with the operational platform to expand business in the point of care, government, and contract packaging segments, while also immediately doubling our physician market presence,” said Guy Bryant, DSI’s Chairman and CEO.
DSI President and COO Paul Feneck added, “We are delighted to have the support of current DRx President Bernie Talley, who has been immensely helpful in merging the DRx program, customer base, and team into DSI. We look forward to his team’s contributions as we continue to develop DSI’s leadership position in our industry. The new combined platform will benefit our customers through expanded programs, products, technology, and greater service ability.”
“DSI is a leader in the repackaging and dispensing business and shares our commitment to providing high quality service. We are confident that our DRx customers will be very pleased with the DSI team,” stated Richard Jones, CFO of Wellinx.
DSI’s innovative DispenseQuick™ program offers products and technology that provide a complete physician office dispensing system including tools to support storage, inventory management, information management, and dispensing of prescription medications directly to patients. Prescription for Success, a complete marketing system, helps to promote the clinic’s dispensing program to patients, so that providers can offer a convenient service to their patients and thereby improve medication compliance, while also increasing revenues to their practice.
About Dispensing Solutions, Inc.
Dispensing Solutions, Inc. is a pharmaceutical supply chain company that develops integrated dispensing solutions designed to enable optimal patient care. Operating a state-of-the art pharmaceutical packaging facility, DSI is FDA registered and DEA licensed, providing prepackaged medications and web-based technology at the point of care, as well as contract packaging services for government accounts, manufacturers and PBMs.
DSI is a privately-held business controlled by HealthEdge Investment Partners, LLC, a private equity fund focused exclusively on investing in healthcare companies.
About HealthEdge Investment Partners, LLC
HealthEdge Investment Partners, LLC is an operating-oriented private equity firm founded in 2005 that focuses exclusively on the healthcare industry. HealthEdge seeks to achieve superior returns by investing in businesses that benefit from the knowledge, experience and network of relationships of its partners. HealthEdge’s partners have more than 100 years of combined operating experience in healthcare as CEOs and investors. For more information on HealthEdge, visit www.healthedgepartners.com.