Pharmiweb ChannelsAll | PharmaCo | Clinical Research | R&D/BioTech | Sales/Mktg | Healthcare | Recruitment | Pharmacy | Medical Comms

Pharmiweb.com RSS Feed Pharmiweb.com RSS Feeds

Advertising

Press Release

Columbia Pacific Advisors Announces Sale of Talyst Systems, LLC

Columbia Pacific Advisors
Posted on: 08 Aug 17

Columbia Pacific Advisors, a Seattle alternative investment firm, today announces the sale of Talyst Systems, LLC, a market leader in pharmacy automation solutions based in Kirkland, Wash., to Swisslog Healthcare, a leading global supplier of medication management and supply chain solutions and services.

The sale is a successful exit for Columbia Pacific Advisors’ growth capital strategy, which acquired Talyst Systems, LLC in 2015 and used its deep expertise in domestic and international healthcare management to strategically position the pharmacy automation company. Talyst’s service area of hospitals and long-term care facilities dovetailed perfectly with Columbia Pacific Advisors’ experience.

“We are excited for Swisslog Healthcare and Talyst to come together and maximize each other’s strengths,” said Kevin Barber, Managing Director of the growth capital group at Columbia Pacific Advisors. “With the acquisition, Swisslog will offer an unmatched portfolio of inpatient and outpatient pharmacy solutions and Talyst will benefit from a company with global reach and resources.”

Denver-based Swisslog Healthcare, already a leader in the healthcare supply chain, will be an ideal owner for Talyst Systems, whose pharmacy automation services complement existing Swisslog lines of business. Swisslog also brings an international profile as a member of the KUKA group, a leading global supplier of intelligent automation solutions headquartered in Germany.

Columbia Pacific Advisors has a management team with more than 100 years of combined investment, development and operational experience who have executed on more than $13 billion in related transactions in the last 25 years. One of the firm’s founders, Dan Baty, is a pioneer in the senior living industry and is active in international healthcare.

“Our purchase and subsequent sale of Talyst Systems is another example of Columbia Pacific Advisors using its long record of healthcare innovation and management to find compelling investment opportunities and fully capitalize on their potential,” said Alex Washburn, Managing Partner and co-founder of Columbia Pacific Advisors. “By adding value to the investment and working directly with Talyst management, we created a positive outcome for Talyst shareholders, employees and customers.”

About Columbia Pacific Advisors

Our success begins with our people – their insights, experience, and diligence enable everything we do. The Columbia Pacific Advisors team has broad experience in the asset classes where we invest. We invest personally alongside our limited partners, ensuring an alignment of interests. We rely on deep fundamental research, flexible capital and a diversified portfolio to generate long-term value for our investors.

The firm manages strategies in real estate investing, real estate lending and opportunistic investment among others.

Columbia Pacific Advisors has $1.45 billion* under management. The firm, based in Seattle, was founded in 2006 by Alex Washburn, Stan Baty and Dan Baty.

For more information, visit www.columbiapacific.com.

*As of March 31, 2017.

About Talyst Systems, LLC

Talyst Systems is a leading provider of medication management solutions to hospitals and long-term care organizations. Our Acute Care products provide enterprise-wide medication management across entire health systems to offer greater inventory control, enhanced workflow efficiency and improved patient safety. Our Long-Term Care solutions deliver improved outcomes for long-term care facilities and enhanced business processes and workflows for long-term care pharmacies. Talyst is based in Kirkland, Wash. Follow us on Twitter @Talyst_LLC or visit www.talyst.com.

About Swisslog Healthcare

Swisslog Healthcare is a leading supplier of services and solutions formaterial transport,medication management and supply chain management in healthcare facilities. Swisslog has installed facility-wide and pharmacyautomation systems in more than 3,000 hospitals worldwide. The company offers integrated solutions from a single source – from consulting to design, implementation and lifetime customer service. For more information, visit www.swisslog.com/healthcare.

Swisslog is a member of the KUKA group, a leading global supplier of intelligent automation solutions. www.kuka.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20170808006132/en/

Business Wire
www.businesswire.com

Last updated on: 08/08/2017

Advertising
Site Map | Privacy & Security | Cookies | Terms and Conditions

PharmiWeb.com is Europe's leading industry-sponsored portal for the Pharmaceutical sector, providing the latest jobs, news, features and events listings.
The information provided on PharmiWeb.com is designed to support, not replace, the relationship that exists between a patient/site visitor and his/her physician.