Logi-D Inc. enters into agreement to be acquired by TECSYS Inc.
― Adam Polka
May 30, 2014. Montreal, CANADA. – Logi-D Inc., a leading provider of hospital point-of-use supply chain automation technology, is proud to announce that it is now an operating division of TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company. This announcement is pursuant to the conclusion of an acquisition agreement signed on May 29, 2014, in which TECSYS acquired all shares of Logi-D.
“I am truly delighted with this new venture as it ensures the continuation of what we have built over the last 15 years,” explains Richard Philippe, founder of Logi-D. “We have great respect for the TECSYS brand and what they have accomplished in the healthcare sector. We share a common goal of bringing proven industrial supply chain best practices to healthcare. We initially approached TECSYS to explore how we might work together to expand the value of each other’s offering, which eventually resulted in this transaction. We look forward to working together with TECSYS’ employees and customers as we collaborate in our ongoing growth efforts.”
Mr. Philippe has accepted the position of Vice President, Healthcare Solutions, assuming responsibility of TECSYS’ portfolio of solutions in the healthcare sector. This will include Logi-D’s iD-SUITE of solutions, now an integral component of the TECSYS offering.
“We were very fortunate to cross paths with Logi-D,” comments Peter Brereton, President and CEO of TECSYS. “We find in Logi-D the perfect strategic partner profile whose iD-SUITE complements our existing offering and deepens our healthcare solutions portfolio. Our joint product offering will create a unique and exciting product outlook, combining for the most innovative and unified end-to-end hospital supply chain platform,” adds Mr. Brereton.
The agreement will preserve Logi-D as a semi-autonomous operating division of TECSYS, with no disruption to existing or prospective client hospitals.
About TECSYS Inc.
TECSYS is a leading supply chain management software provider that delivers powerful enterprise distribution, warehouse and transportation logistics software solutions. The company’s customers include over 600 mid-size and Fortune 1000 corporations in healthcare, heavy equipment, third-party logistics, and general wholesale high-volume distribution industries. TECSYS’ shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
About Logi-D Inc.
Logi-D is a leading provider of point-of-use supply chain automation technologies serving hospitals and healthcare organizations seeking to measurably reduce operating costs and improve revenue capture. For more than a decade, Logi-D has been helping its customers to optimize logistics processes and increase supply chain operational efficiency. Its iD-SUITE of solutions integrates cutting edge technologies with Lean methodologies in order to provide unparalleled workflow efficiency and data integrity.
Logi-D is a recognized leader in inventory management, clinical traceability, cost capture and patient charging capabilities through its CC-iD and PC-iD modules, as well as the pioneering inventor behind the internationally recognized RFID-enabled two-bin replenishment concept known under the 2BIN-iD brand. Also encompassing comprehensive transformation services from conception to completion, and optional internationally-recognized high density storage solutions, the Logi-D offering optimizes inventory, substantially improves productivity, and lowers overall costs, resulting in an industry leading return on investment.
For more information:
For more information about TECSYS, please visit www.tecsys.com
For more information about Logi-D, please visit www.logi-d.net or contact:
Adam Polka | Logi-D
1-888-628-8804, ext. 278