Transaction Data Systems, Inc., doing business as Rx30, an Ocoee, Florida-based developer and supplier of pharmacy management software solutions to the independent, hospital, long-term care and specialty pharmacy markets, received a strategic equity investment from GTCR.
The amount of the deal was not disclosed. It was funded from GTCR Fund XI, a private equity fund raised in 2014 with $3.85 billion of limited partner equity capital commitments. Macquarie Corporate and Asset Finance Lending, Golub Capital, ORIX Leveraged Finance, Ares Capital Corporation and Business Development Corporation of America provided financing for the transaction.
The company intends to use the funds for new product development and growth.
Led by CEO Steve Wubker, who will continue to lead the company with and the existing management team, Rx30 offers a suite of software solutions to enable prescription dispensing, automated refills and reminders, workflow management, adherence management, document management, smart phone/web refills, e-prescribing, POS, outbound customer communication, IVR integration, business reporting, label printing, etc.
The company sells its technology to pharmacies across the United States, Mexico and the Caribbean.