PipelineRx Acquires Quality Pharmacy Management (QPM) Inc. to Bolster Western Presence in Telepharmacy

SAN FRANCISCO, Jan. 7, 2015 /PRNewswire/ -- PipelineRx, a leading clinical telepharmacy platform company, today announced the successful acquisition of Quality Pharmacy Management (QPM) Inc.  Based in Denver, Colorado, QPM provides remote pharmacy services in six Western states.

With a mission of providing innovative and cost effective remote pharmacy solutions to hospitals and Integrated Delivery Networks (IDNs), QPM strengthens PipelineRx's existing presence in Colorado, Utah, Oregon, Wyoming, and Alaska by combining evolving technology with high quality pharmacy care. Additionally, PipelineRx adds an impressive team of expert telepharmacists to its platform who support the Company's mission of improving clinical care of patients while reducing operating costs for hospitals. The management team of QPM will continue their commitment to this goal as they join PipelineRx to help lead the development of industry-leading innovations in technology and clinical processes.

"We are thrilled to announce this acquisition and the additions of the QPM management and telepharmacists to our team, allowing PipelineRx to advance the business of technology leveraged telepharmacy solutions," said Brian J. Roberts, CEO of PipelineRx. "With more hospitals and states having PipelineRx telepharmacist coverage and its technology network, PipelineRx can bring even more value to its national clients."

"The rapid consolidation of hospitals and drive for interoperability solutions has led QPM and its shareholders to combine its efforts with PipelineRx," states Kevin Jones, former CEO of QPM. "Telepharmacy is optimizing the workforce and workflow of both IDN and rural hospital pharmacies, and there's much work to be done. Along with PipelineRx, we look forward to fostering great opportunities for telepharmacy to improve hospital pharmacy workflow efficiencies and support interoperability."

Telemedicine is expected to reach $30 billion globally by 2016, and telepharmacy is a key element of that market. PipelineRx has become the market leader in telepharmacy solutions since its founding in 2009, offering both services and technology to hospitals and health systems.  Embracing telepharmacy enables these institutions to optimize clinical resources per the American Society of Health System Pharmacists' (ASHP) practice model, significantly increasing the quality of patient care and reducing costs.

About PipelineRx

PipelineRx is the leading independent technology-enabled telepharmacy solutions provider serving acute and specialty hospitals. The Company's pharmacy workforce 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 and its optimized, distributed telepharmacist network. PipelineRx is privately held and is headquartered in San Francisco, California.

SOURCE PipelineRx

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