US-based 340B optimisation firm Wellpartner has completed the acquisition of SolutionsRx, a full-service 340B company focused on sole community and rural access hospitals.
In addition to providing traditional contract pharmacy services, SolutionsRx provides a range of 340B consulting services to assist clients in navigating the complex regulatory environment.
The acquisition will improve Wellpartner’s capability to fully integrate 340B solutions for covered entities and pharmacies by enhancing their one-stop shop of 340B services.
Wellpartner’s products portfolio consists of 340BAccess, AccessConvergence, AccessIntegra, AccessCompare, and AccessCounter.
Wellpartner CEO James Love said: "Over the past several years, Wellpartner has continued to expand its service offerings with the goal of serving and supporting as many covered entities as possible.
"As the covered entity company, we are committed to supporting all aspects of our clients’ programmes.
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"This acquisition allows Wellpartner to immediately begin to expand its reach into another critically important 340B market segment."
Formed in 2011, SolutionsRx has been in the forefront of designing multiple contract pharmacy programmes for rural covered entities.
SolutionsRx focused on helping covered entities to implement and maintain compliant 340B programmes. The team consists of lawyers, pharmacists and 340B consultants, and the company has relationships with more than 50 covered entities primarily in Missouri, Arkansas and Illinois, US.
Wellpartner is a provider of complete 340B optimisation solutions for a wide range of safety net hospitals and clinics.
340BAccess is an automated solution for covered entities seeking a 340B contract pharmacy programme and AccessConvergence is a new service that allows clients to enhance their programmes by gaining access to previously locked-away speciality pharmaceutical prescriptions.
AccessIntegra is a reporting and analytics tool that offers a transparent view into a covered entity’s 340B contract pharmacy programme. AccessCompare is the industry’s first 340B reporting tool that helps covered entities meet programme integrity audit requirements by reducing the manual time needed to efficiently audit 340B claims.
AccessCounter is a 340B solution for covered entities’ in-house outpatient pharmacies that identifies 340B purchases at the outpatient pharmacy to maximise savings.