Transaction Data Systems Acquires KloudScript

Cleo Acquires DataTrans Solutions

February 7, 2025

Cloud & SaaS

Cleo has acquired DataTrans Solutions (DTS), a cloud-based procurement automation and EDI solutions provider; terms were not disclosed. The acquisition integrates DTS’s procurement automation capabilities into the Cleo Integration Cloud to strengthen procurement orchestration, supplier onboarding, and working capital optimization.

TPG Acquires Majority Stake in Surescripts

October 1, 2024

Healthcare Services

TPG, through its TPG Capital platform, has joined the ownership group of Surescripts as a majority investor. The investment will fund scaling of Surescripts' Intelligent Prescribing, Benefits and Authorizations, and Clinical Interoperability solutions to improve patient safety, reduce costs, and streamline clinician workflows; the deal is subject to customary regulatory approvals.

Transaction Data Systems Acquires PrescribeWellness from Tabula Rasa HealthCare

August 1, 2022

Healthcare Services

Transaction Data Systems (TDS) completed the acquisition of PrescribeWellness from Tabula Rasa HealthCare in a transaction reported at $140 million. The deal expands TDS's pharmacy software and patient-engagement capabilities—bringing PrescribeWellness's adherence, vaccination and patient-communication tools across TDS's large independent pharmacy base (serving more than 15,000 pharmacies).

CPS Solutions Acquires Trellis Rx from Francisco Partners

June 2, 2022

Healthcare Services

CPS Solutions, LLC has acquired Trellis Rx from Francisco Partners; financial terms were not disclosed. Trellis Rx is a technology-enabled specialty pharmacy services provider that partners with health systems to build and operate hospital-based outpatient and retail specialty pharmacies; the deal closed June 1, 2022 and is intended to expand CPS's end-to-end inpatient, outpatient and specialty pharmacy capabilities.

BlackRock LTPC Acquires Majority Stake in Transaction Data Systems from GTCR

May 17, 2021

Healthcare Services

BlackRock Long Term Private Capital (LTPC) acquired a majority interest in Transaction Data Systems (TDS), a provider of pharmacy management software and services, with GTCR retaining a minority stake. LTPC will partner with TDS management to drive the company's next phase of growth, building on TDS's pharmacy software, data analytics and clinical offerings.

LINQ Acquires Script and Specialized Data Systems to Expand K‑12 Platform

April 21, 2021

Education

EMS LINQ, Inc. (LINQ) acquired two K‑12 education technology providers — Script (a digital administration/forms platform) and Specialized Data Systems (SDS, a school financial/administrative system) — to broaden its back‑office and student‑to‑state product offering. The deals expand LINQ’s integrated suite for districts and states as it builds a comprehensive K‑12 platform (LINQ is backed by investor Banneker Partners).