Wolters Kluwer Health has entered into an agreement to acquire Pharmacy OneSource, a healthcare software-as-a-service (SaaS) provider that helps hospitals manage patient safety, compliance and efficiency.
Pharmacy OneSource, of Bellevue, Wash., currently works with more than 1,200 hospitals globally, and assists with medication tracking, pediatric dosing, drug interaction checking, managing formularies, documenting and monitoring clinical interventions, and avoiding medication errors and adverse drug reactions via the web or handheld computer, as well as managing checklists to facilitate accurate and consistent compliance reporting.
The transaction will extend Wolters Kluwer Health’s clinical decision support solutions into the hospital pharmacy market and will strengthen the company’s position in the point-of-care market, according to Philadelphia-based Wolters Kluwer Health.
The transaction is expected to close by the end of year, subject to customary closing conditions. Terms of the deal were not disclosed.