Calvert Street sells Lagniappe Pharmacy Services
We are pleased to announce that on May 6, 2016, RxInnovation, a portfolio company of Calvert Street Capital Partners, divested its Lagniappe Pharmacy Services (“LPS”) business segment to Transaction Data Systems, Inc., doing business as Rx30 (“Rx30”). Rx30 is a leading developer and supplier of pharmacy management software solutions to the independent retail, hospital, long-term care and specialty pharmacy markets.
Headquartered in Fort Worth, Texas, LPS develops and sells pharmacy management software solutions to community pharmacies, regional chains and hospitals, among other customers, in 48 states across the United States. LPS works to maximize a pharmacy’s efficiency and profitability while connecting to other healthcare providers and services, yielding positive patient outcomes.
Jake Canova, CEO of RxInnovation commented, “This transaction represents an exciting milestone for RxInnovation. In addition to achieving a successful exit of the LPS business, this transaction will allow the Company to focus 100% of our efforts on other, rapidly growing solutions within the remaining RxInnovation portfolio.”