Acquisition Expands Decision Resources, Inc.’s Offering to Include the Most Accurate, Comprehensive Formulary Solutions on the Market Today
March 17, 2008, Waltham, Massachusetts and Glen Rock, New Jersey - Decision Resources, Inc., one of the world's leading research and advisory firms focusing on pharmaceutical and healthcare industry insight and analysis, announced today that it acquired Fingertip Formulary, the leading provider of access to and insight into formulary data in the United States. The acquisition of Glen Rock, NJ-based Fingertip Formulary by Waltham, MA-based Decision Resources, Inc. will result in a significant expansion of Decision Resources, Inc.'s current managed care franchise.
Fingertip Formulary's focus on data, delivery and diligence has set the company apart in the industry.
"We are excited to begin our next phase of growth with Decision Resources, Inc.," said Paul Greenberg, M.D., president of Fingertip Formulary. "Fingertip Formulary's high quality formulary data, combined with our innovative web-based, real-time delivery solutions and our constant focus on the highest quality customer service has allowed us to become a premier provider for managed care data and services to the pharmaceutical industry. As part of the Decision Resources, Inc. family, we will continue our quality work and look forward to expanding our solutions."
Offering a Bridge to Pharmaceutical Brand Managers to Connect Health Plans with Formulary Status, Prescription Drug Utilization and Prescribing Trends
Fingertip Formulary maintains the highest quality and most comprehensive, integrated database of formulary information in the United States, covering virtually all commercial, Medicare, Medicaid and PBM plans. The company's services allow pharmaceutical executives, including brand teams and sales professionals, to leverage managed care formulary information as a significant and competitive advantage.
"Pharmaceutical brand managers must devote significant time to the managed care environment as reimbursement dictates a large part of their drug's success," said Shahir Kassam-Adams, Chief Strategy Officer, Decision Resources, Inc. "Fingertip Formulary adds an important component to the Decision Resources, Inc. strategic portfolio. The best-in-class formulary information and analytics will make it possible for us to continue building out a fully integrated pharmaceutical market-access solution."
Targeted Acquisition Part of Decision Resources, Inc.'s Overall Growth Strategy
The acquisition is part of an aggressive growth strategy by Decision Resources, Inc. Decision Resources, Inc.'s current business units include HealthLeaders-InterStudy, which provides managed care insight, Millennium Research Group, which provides medical device market research, Decision Resources, which provides biopharmaceutical market analysis and AMR, Arlington Medical Resources, which provides data and insights into the usage of anti-infective drugs within the hospital setting and the worldwide practice of diagnostic imaging. The addition of Fingertip Formulary to the stable of Decision Resources, Inc. companies will allow for significant cross-business unit opportunities.
"Fingertip Formulary is an important acquisition in Decision Resources, Inc.'s overall strategy to grow and strengthen our portfolio with firms focusing on high quality research and analysis of the healthcare market," said Peter Hoenigsberg, CEO of Decision Resources, Inc. "By targeting best-in-class firms with a leading position in a particular area of the industry, Decision Resources, Inc. has been able to build a significant collection of companies that address the specific needs of our clients. Fingertip Formulary brings with it an impressive client-base and sophisticated employees dedicated to delivering the most accurate, comprehensive formulary product on the market today."
Fingertip Formulary will remain headquartered in Glen Rock, NJ.
About Fingertip Formulary
Fingertip Formulary (www.FingertipFormulary.com) offers comprehensive formulary data covering commercial, Medicaid, Medicare, and PBM plans, among others, in the United States. Fingertip Formulary offers a variety of unique data and marketing solutions for the pharmaceutical industry, consultants, and healthcare providers that provide access to and insight into formulary data. Fingertip Formulary also provides formulary data that is used by an ever-growing population of physicians, pharmacists and other healthcare providers via its website, mobile, and print solutions.
About Decision Resources, Inc.
Decision Resources, Inc. is a world leader in healthcare market research publications, advisory services, and consulting designed to help clients shape strategy, allocate resources, and master their chosen markets. The company provides insight on the managed care industry (www.HealthLeaders-InterStudy.com), the medical device industry (www.MRG.net) and the pharmaceutical and drug industry (www.DecisionResources.com) and the hospital-based drug and imaging industry (amr-data.com).
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Decision Resources, Inc.
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