Swisslog Healthcare, a leading global supplier of medication supply chain solutions and services with North American headquarters in Denver, announced it has acquired Talyst Systems, LLC, a market leader in pharmacy automation solutions for hospitals and long-term care facilities based in Kirkland, Washington.
Founded in 2002, Talyst Inc. had raised $40 million in venture capital from AIG, Ignition and OVP. In 2015, Columbia Pacific Advisors, a Seattle-based investment firm with $1.45 billion under management, acquired Talyst Inc.’s pharmacy automation business and spun out their other software businesses.
The acquisition is a strategic fit for Swisslog Healthcare, which operates two major business units – Transport Automation and Pharmacy Automation Solutions. Through these two business units, the company serves over 3,300 leading hospitals and healthcare organizations with its 1,000 plus team members globally (over 2,300 health systems and 450 plus team members in North America).
Swisslog Healthcare is the healthcare automation division of KUKA AG, one of the world’s leading manufacturers of industrial robots. KUKA, a pioneering force driving the critical links between IT and production and between humans and technology, is renowned for providing the robots for automated production lines in automotive industries, including for Tesla.
Healthcare providers around the world share similar challenges with delivering medications safely and efficiently. This transaction creates an unmatched portfolio of inpatient and outpatient pharmacy solutions that will transform health systems’ performance today and into the future.
The acquisition expands the Swisslog Healthcare’s product and customer base, and comes on the heels of the company’s announcement that it has leased nearly 100,000 square feet of space in Westminster area as it relocates its North American headquarters and expands its local presence. Swisslog Healthcare will now have two major talent centers in North America – Denver and Seattle – to continue advancing its capabilities in software, robotics and analytics.
