Swisslog Healthcare Invests in PipelineRx to Establish Strategic Partnership

SAN FRANCISCO, Aug. 15, 2017 /PRNewswire/ -- PipelineRx, a leading medication management technology company focused on clinical telepharmacy, today announced that Swisslog Healthcare, a leading supplier of solutions for medication and supply chain management in healthcare, has become a significant investor in the company. Leveraging each company's proprietary technologies, the partnership aims to support new and existing hospital clients by improving workflow efficiencies and enabling better patient care.

As hospitals struggle to stay financially viable in today's healthcare environment, there's a growing need for digitalization to enable patient-centric care models and transform traditional models of healthcare delivery. Digitalization and process centralization in hospitals and health systems promote resource optimization and cost reduction. Following today's investment, PipelineRx and Swisslog Healthcare are committed to supporting their combined 2300 customers with jointly developed solutions that support clinical care and enhance patient experience.

"PipelineRx's PowerGrid^™ technology, combined with Swisslog Healthcare's pharmacy automation, will enable our customers to benefit from new medication supply chain solutions across the continuum of care," said Stephan Sonderegger, CEO of Swisslog Healthcare. "We're excited to work with PipelineRx and their team of telepharmacy experts who are proving the importance of connected pharmacists in both rural and urban hospital environments on a daily basis."

"Swisslog Healthcare represents a long tradition of pharmacy automation and also a new generation of products and services that will combine telepharmacy and automation to advance pharmacy," said Brian Roberts, CEO of PipelineRx. "Building on Swisslog Healthcare's established global success in health-system pharmacies, we're looking forward to developing new products and services that will integrate with our existing telepharmacy offerings. We're proud to add another industry-leading partner to enable our strategic vision and strong financial backing."

The investment in PipelineRx allows the companies to jointly develop new solutions that increase the quality of care and enhance the patient experience.

About Swisslog Healthcare

Swisslog Healthcare is a leading supplier of services and solutions for material transport, medication management and supply chain management in healthcare facilities. Swisslog has installed facility-wide and pharmacy automation 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

About PipelineRx

PipelineRx is the leading independent medication management telepharmacy provider serving individual acute and specialty hospitals and integrated delivery networks through its services and software solutions. The Company's telepharmacy solutions enable hospitals to dramatically increase operating efficiencies while ensuring medication efficacy, increasing patient safety, and improving clinical outcomes. PipelineRx differentiates its unique services via its integrated, private, cloud-based technology platform, PowerGridRx, and its optimized, distributed telepharmacist network. PipelineRx is privately held and headquartered in San Francisco, California.

For more information, please visit www.pipelinerx.com.

SOURCE PipelineRx

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