CareFusion has signed an agreement to acquire Phacts, a Seattle-based technology and consulting company that seeks to help hospital pharmacies manage inventory, reduce pharmaceutical costs and streamline operations. Terms of the deal were not disclosed.
In November 2010, CareFusion announced a marketing relationship as the exclusive reseller of Phacts pharmacy inventory management software and automation. Through this partnership, Phacts expanded its base of customers by 50 percent to more than 200 customers, according to the San Diego-based CareFusion.
Phacts products include both software and automation technologies for health systems and hospital pharmacies, and its portfolio includes:
- Pharmogistics pharmacy inventory management software, which operates carousel hardware for medication storage and retrieval in the hospital pharmacy;
- PharmoPack medication packaging and barcode labeling system for oral drugs in solid form; and,
- PharmoCode barcode labeling system for non-oral medications and devices, such as vials and syringes.
Subject to customary conditions, the acquisition is expected to close in the fourth quarter of CareFusion fiscal year 2012. The company said its acquisition is expected to be neutral to adjusted earnings in the first year and increasingly accretive thereafter.