CPS Solutions, LLC

CPS Solutions, LLC specializes in pharmacy solutions aimed at enhancing operational efficiencies and patient care within healthcare environments, providing essential services tailored to complex medication management needs. CPS Solutions, LLC, founded in 1971 in Dublin, US, focuses on pharmacy management and telepharmacy services. The company has not experienced significant changes in its business operations or structure since its inception. Frank Segrave serves as the CEO, guiding the organization in delivering impactful pharmacy solutions to healthcare providers.

CPS Solutions has been involved in 5 deals over its operational history. CPS Solutions, LLC offers a comprehensive suite of pharmacy solutions designed to enhance operational efficiencies and patient care across healthcare settings. Their core products include specialized pharmacy management, telepharmacy services, and consulting for the 340B program, all aimed at supporting hospitals and healthcare facilities with complex medication management needs. The company also provides rehabilitation services and supply chain support, focusing on initiatives that improve cost savings and prevent drug shortages.

These solutions are utilized by a diverse client base, including independent hospitals, integrated delivery networks (IDNs), and specialized health facilities throughout the United States and Puerto Rico. By integrating clinical initiatives with operational support, CPS Solutions addresses critical challenges faced by healthcare providers in managing chronic and complex patient populations. CPS Solutions, LLC generates revenue through a combination of service contracts and consulting partnerships with healthcare providers. The transactional structure typically involves B2B agreements, where hospitals engage CPS for specialized pharmacy services and operational support.

These contracts may include recurring fees for ongoing pharmacy management services and one-time fees for consulting engagements, such as 340B program assessments. Their offerings, including the CPS Optimizer and TherigySTM, represent key service lines that contribute to the company’s financial performance. Through these products, CPS Solutions aims to drive efficiency and improve patient outcomes, thereby establishing long-term relationships with a wide range of healthcare clients across the market. CPS Solutions, LLC is poised for growth as it explores the development of new products designed to enhance its service offerings.

The company is particularly focused on expanding its reach into additional markets, targeting specific regions for growth by the end of the next fiscal year. Recent funding from HarbourVest Partners, which acquired a stake in the company, will be utilized to support these initiatives, although specific financial terms of the transaction were not disclosed.