Avel eCare Acquires Hospital Pharmacy Management: M&A Analysis

Avel eCare has exciting news to share— they’ve recently acquired Hospital Pharmacy Management, Inc. (HPM)! HPM is an established company that specializes in remote medication order review and onsite pharmacy management for hospitals and health systems. They’ve been serving hospitals across Kansas, Nebraska, Missouri, and Texas since 1993, providing a unique blend of pharmacy services both on-site and remotely.

This strategic acquisition is a big step for Avel eCare, as it significantly boosts their telepharmacy capabilities. This move reinforces their dedication to supporting healthcare providers, especially in light of the growing pharmacist shortage that many hospitals are currently facing.

With this acquisition, Avel eCare can tap into HPM’s expertise and network to enhance their existing telepharmacy services. The timing couldn’t be better, as the shortage of pharmacists in hospitals is putting a strain on healthcare systems. This lack of pharmacists not only increases workloads and burnout but also poses risks to patient safety.

By teaming up with HPM, Avel eCare is in a great position to help healthcare facilities navigate these challenges. Their expanded pharmacy team will now offer 24/7 access to licensed, hospital-trained pharmacists, ensuring timely medication order processing and review— even during off-peak hours. This move will also help reduce pharmacist burnout, improve medication safety, and enhance efficiency in pharmacy operations.

Doug Duskin, CEO of Avel eCare, highlighted the importance of this acquisition, stating, “We recognize the critical role that pharmacies play in health systems. This deal will enable us to expand our telepharmacy support and management services at a time when health systems are struggling with staffing shortages among other challenges.”

Overall, this acquisition is a positive development that will not only benefit Avel eCare but also healthcare providers and patients who rely on their services.