Frazier Healthcare Partners has acquired Accuity Delivery Systems, a provider of clinical pharmacy solutions and medication management technologies for hospitals and health systems. The terms of the deal were not disclosed, but it is expected to accelerate Accuity's growth and enhance offerings for its customers.
| Acquirer | Frazier Healthcare Partners (US) |
|---|---|
| Target | Accuity Delivery Systems (US) |
| Deal type | acquisition |
| Value | undisclosed |
| Closed date | 2020-10-26 |
| Sell-side advisor | Houlihan Lokey |
| Legal buy-side | Goodwin Procter |
| Legal sell-side | Proskauer Rose, Sidley Austin |
The acquisition will enable Accuity to expand its product and service offerings while accelerating the company's growth trajectory. Frazier Healthcare Partners, along with 22C Capital, is partnering with existing shareholders to support Accuity’s strategic initiatives.
Deal Mechanics
Frazier Healthcare Partners acquired Accuity Delivery Systems on October 26, 2020. The deal involved Adams Street Partners providing buy-side advisory services and Houlihan Lokey advising the seller. Legal counsel for Frazier included Goodwin Procter, while Proskauer Rose and Sidley Austin represented Accuity.
Strategic Rationale
The rationale behind this acquisition is to bolster Accuity's capabilities in delivering comprehensive clinical pharmacy solutions and medication management technologies to healthcare providers. By partnering with Frazier Healthcare Partners and 22C Capital, the company aims to leverage additional capital and expertise to drive innovation and market penetration.
Financial Context
The deal value was not disclosed by either party involved in the transaction, making it difficult to assess the direct financial impact on both Frazier Healthcare Partners and Accuity Delivery Systems. However, the strategic alignment between the acquirer and target is expected to generate long-term benefits for shareholders.
Outlook
In a statement issued by Frazier Healthcare Partners, the company emphasized its commitment to fostering growth at Accuity through an expanded leadership team and additional resources. The acquisition positions Accuity well to capitalize on market opportunities within the evolving healthcare sector.