PAR Excellence Systems Acquires NotiSphere, Inc.

PAR Excellence Systems Acquires Terso Solutions

September 21, 2026

Software

PAR Excellence Systems, backed by OceanSound Partners, acquired Terso Solutions from its parent, Promega Corporation. The acquisition combines Terso’s healthcare-focused RFID inventory-tracking technology with PAR’s inventory management platform, with the goal of integrating capabilities and giving healthcare organizations a more unified view of supplies and inventory.

PAR Excellence Systems Acquires TrackCore

March 10, 2025

Healthcare Services

PAR Excellence Systems (PAR) and TrackCore have completed a strategic combination in which PAR will integrate TrackCore's cloud-based tissue and implant tracking platform and RFID capabilities into its inventory management solutions. The deal expands PAR's end-to-end healthcare supply chain offering, enhancing regulatory compliance, traceability, and operational efficiency for hospitals and health systems across the U.S.

PAR Excellence Systems Acquires NotiSphere, Inc.

January 21, 2025

Healthcare Services

PAR Excellence Systems has acquired NotiSphere, a provider of medical inventory recall notice tracking services. The acquisition adds automated recall-management capabilities to PAR's healthcare inventory management portfolio, enabling improved patient safety, faster recall response times, and reduced labor and false-notice burdens for health systems and device manufacturers.

OceanSound Partners Acquires PAR Excellence Systems Inc.

September 9, 2024

Healthcare Services

OceanSound Partners, a New York-based private equity firm, has acquired PAR Excellence Systems Inc., a Cincinnati-based provider of automated inventory management systems for healthcare, from Northlane Capital Partners. Northlane and PAR's management will remain investors; financial terms were not disclosed. OceanSound said it will invest in product development and expansion across government, non-profit, and private healthcare systems.

Medsphere Systems Corporation Acquires Systeem Medical

October 13, 2021

IT Services

Medsphere Systems Corporation has acquired Plano, Texas–based Systeem Medical Information Systems, a provider of managed IT and ambulatory EHR support services. The acquisition expands Medsphere’s affordable healthcare IT platform by adding Systeem’s managed services, help desk, implementation and cloud capabilities for ambulatory providers.

Critical Alert Systems Acquires Sphere3 Consulting

April 1, 2019

Cloud & SaaS

Critical Alert Systems completed the acquisition of Sphere3 Consulting to integrate Sphere3’s Aperum patient analytics and clinical advisory capabilities with Critical Alert’s enterprise nurse call and patient communications platform. The deal brings Sphere3’s leadership into Critical Alert (Kourtney Govro joined as VP of Business Development) and is supported by Wedbush Capital Partners, the majority investor in Critical Alert, to accelerate an integrated patient communication and experience management offering.