The financial terms of the deal were not disclosed.
Together, they have launched Digital Pharmacist with 55 employees. The company provides digital, communications and other solutions for 5,500 pharmacy locations, national pharmacy wholesalers, hospital systems and pharmaceutical brands. The company reports that four million patients use its products every month.
Digital Pharmacist will be based in Austin. Val Gurovich and Paul Kobylevsky, co-founders of TeleManager Technologies, will become executives in the newly combined company, reporting to Chris Loughlin, the company’s CEO. Loughlin previously served as CEO of RxWiki.
“Digital Pharmacist’s platform allows patients and pharmacies to communicate quickly and efficiently via telephone, web, mobile or SMS text,” according to a news release. “Patients can refill digitally with one click or call, set adherence reminder alerts, complete reviews, learn about their conditions or medications through interactive adherence tools, and ask their pharmacist questions. Digital Pharmacist integrates into the workflow of 53 pharmacy systems.”
“We are pleased to merge our companies to form Digital Pharmacist, a new company that offers the very best digital adherence solutions and the most robust pharmacy communication solutions. Our offices in Austin and Newark are brimming with talented people who care about independent pharmacies and patients. Through our merger, we are able to bring even more robust products and services that help patients and ultimately help our clients compete,” Loughlin said in a news release.
RxWiki raised $5.75 million in funding last October from investors including LiveOak Venture Partners and Milestone Venture Partners LP.
Silicon Hills News did this profile story on RxWiki last summer for our third annual life sciences magazine.