Omnicell, Inc (NASDAQ: OMCL), a provider of medication management services and adherence tools for health systems and pharmacies, has acquired ReCept Holdings Inc. for $100 million.
Recept provides implementation and managed services for health systems including on site management, pay contracting, staffing, licensing, quality assurance, preferred pricing arrangements and more. The deal will expand Omnicell’s advanced services portfolio to meet the growing speciality pharmacy market.
“ReCept’s specialty pharmacy management services capabilities naturally complement Omnicell’s intelligent infrastructure, giving us deeper expertise to address the growing market need for managing complex specialty medications as part of a broader, more comprehensive medication management strategy,” said Randall Lipps, chairman, president, CEO, and founder of Omnicell.
Sidley Austin LLP served as legal counsel to Omnicell. Gibson, Dunn & Crutcher LLP served as legal counsel to ReCept.