Pillr Health announced the acquisition of Cooper Strategy, a Jupiter, Florida-based company that helps covered entities maximize savings generated through the federal 340B drug pricing program. The transaction marks another expansion milestone for Pillr Health following its partnership with healthcare investor Water Street Healthcare Partners earlier this year.
The combined organization will provide hospitals, health systems, and community health centers with an expanded suite of pharmacy solutions aimed at improving operational performance and identifying additional savings that can be reinvested in patient care.
Cooper Strategy specializes in helping healthcare providers capture 340B savings that support care for uninsured, low-income, and underserved populations. Together, the companies will offer capabilities across split billing, contract pharmacy administration, entity-owned pharmacy management, referral capture, compliance support, and pharmacy optimization.
Pillr Health said the broader platform is designed to help healthcare organizations strengthen their pharmacy programs amid an increasingly complex regulatory environment.
Founded in Boca Raton, Florida, Pillr Health provides software, analytics, and managed pharmacy services to more than 500 healthcare organizations nationwide. The company focuses on helping providers optimize participation in the federal outpatient drug pricing program.
Cooper Strategy CEO Thomas Bednarek will continue leading the Cooper Strategy team as the two organizations integrate their operations. Financial terms of the transaction were not disclosed.
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“Like us, Cooper Strategy is deeply committed to helping hospitals, health systems and community health centers maximize the impact of their pharmacy programs in today’s increasingly challenging regulatory environment. Together, we will deliver even greater value to providers who depend on these programs to care for our country’s most vulnerable patients and communities.”
Skip Devanny, Chief Executive Officer, Pillr Health
“Joining Pillr Health is an exciting next chapter for Cooper Strategy and the clients we serve. As part of Pillr Health, we will be able to bring our clients expanded resources, broader technology capabilities and additional solutions, all built on the same trusted, high-touch service they expect from us.”
Thomas Bednarek, Chief Executive Officer, Cooper Strategy
