CPS Solutions, a pharmacy services provider, has purchased Trellis Rx, a pharmacy services provider, from Francisco Partners, a global investment firm.

Trellis partners with health systems to fund, build and operate hospital-based outpatient and retail pharmacies.

“Trellis, which I am so proud to be part of, creates a seamless relationship with patients and drives patient engagement, overall satisfaction and health outcomes,” said Andy Maurer, CEO of Trellis Rx. “We are thrilled about the success of the partnership with Francisco Partners over the past six years and excited for the company’s next phase as a part of CPS.”

Goodwin Procter LLP served as legal counsel to CPS Solutions. Kirkland & Ellis served as legal counsel, and TripleTree and Cantor Fitzgerald & Co. served as financial advisors to Trellis.