Private equity firm TA Associates has purchased a majority stake in SoftWriters Holdings Inc., a pharmacy management software provider, for an undisclosed price.
SoftWriters was put up for sale by DFW Capital Partners, a Teaneck, N.J.-based private equity firm that acquired the Allison Park, Pa.-based company as part of a recapitalization effort in April 2009.
The target’s products are used to manage workflow across a variety of health care facilities, including pharmacies, correctional centers, assisted living and continuing care retirement communities. SoftWriters tapped Robert W. Baird & Co. to run the sale process.
TA Associates, headquartered in Boston, has invested in more than 425 companies since it was founded in 1968. The firm has been especially active in 2013 when it comes to buying assets, especially in the software space. In July, it picked up an undisclosed stake in Prometheus Group, a Raleigh, N.C. software provider for the oil and gas, chemical, utility, mining and manufacturing industries. In March, it teamed with Updata Partners to invest in Nintex, an Australian company that provides workflow software services.
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