Sep 23, 2011

HCC and FDA Announce interest sale to Lagniappe Health

Fort Worth, TX (August 25, 2011) - After leading HCC and FDS through decades of developing and delivering technology to the pharmacy and healthcare marketplace, Rex Akers has sold his interest in HCC and FDS to Lagniappe Health.


Going forward, two longtime HCC and FDS executives will assume responsibility for day to day operations. Mike McManus, formerly EVP, Business Development, will assume the role of President and Tracy Ward, formerly EVP, will serve as COO of both HCC and FDS. FDS Specialty Services, a custom software company will be merged into FDS.


"Our founder and owner desired an exit strategy that not only provided him a path to retirement but a future for his employees and customers," said Mike McManus, president of HCC and FDS. "Rather than a strategic buyer, we were able to find a financial partner that enables us to build upon the very fine products and services offered to all the customers of HCC, FDS, and FDS Specialty Services as well as to enable us to expand into additional lines of business," continued McManus. "Our plan is to continue to provide our customers with exceptional products and services as well as to grow our existing companies by adding more services for the health care market."


HCC, Inc. (www.hcc-care.com) offers pharmacy technology solutions including pharmacy management systems with multi-store profile access and prescription transfers, central management services for multi-store operations, innovative pharmacy inventory management, advanced prescription fulfillment workflow systems, POS systems with electronic signature capture and tracking, and transaction based DVR security systems.


FDS, Inc. (www.fdsrx.com) provides health care data services including prescription claims routing, prescription claims reviews & edits, robust data warehousing, e-prescribing, online DME claims processing, claims reconciliation, claims management backend services, patient education programs and revenue enhancing programs.


Lagniappe Health is a portfolio company of Calvert Street Capital Partners (www.cscp.com) focused on healthcare technologies. Founded in 1994, CSCP currently manages over $500 million of invested capital using a proven "buy and build" strategy that identifies scalable, platform companies with opportunities for internal expansion as well as growth through selective add-on acquisitions. CSCP acquires family-owned companies which operate in fragmented industries with predictable and repetitive demand for products and services.


For more information on this transaction, please contact:

Clarence W. Lea, R.Ph.
Chief Marketing Officer
817.513.8992 Ext 236
clea@hcc-care.com

HCC Press Release

Market Buzz

Jun 03, 2019 PrimeCare® Integrates MedTek21® to Offer Facility-based Genomic Testing
May 22, 2019 Letco Med Announces the Launch of a New Industry-Leading Website and E-Commerce ...
May 17, 2019 MEDISCA Granted Planetary Mixing Patent and Exclusive Distribution Agreement
May 02, 2019 Transaction Data Systems (TDS) Delivers Smarter Approach to Claim Reconciliation
Apr 22, 2019 Visante healthcare consulting firm announces Judi Jacobi, PharmD, to join consul...
Apr 17, 2019 As an aging population demands more efficient pharmacy solutions, the founder of...
Apr 17, 2019 Adam Wallace Named Chief Technology Officer at Transaction Data Systems (TDS)
Apr 15, 2019 PharmaLink to Exhibit at 2019 Asembia Specialty Pharmacy Summit
Apr 04, 2019 Transaction Data Systems (TDS) Announces Acquisition of Pharm Assess, Inc.
Apr 01, 2019 Chad Collins Named President of Akro-Mils and Jamco Products
Mar 22, 2019 Tutela Welcomes Octapharma Plasma
Mar 18, 2019 Verity Solutions Recognized as Category Leader for 340B Management Systems in 20...
Mar 07, 2019 Stormont Vail Health Partners with Omnicell to Enhance Medication Management Str...
Mar 06, 2019 Rebranding Focuses ALG Mission - Combining Our Best to Bring You Our Best
Mar 04, 2019 RXinsider Celebrates 20 Years, 1999 - 2019
Feb 28, 2019 Lupin launches Generic Ranolazine ER Tablets in U.S.
Feb 18, 2019 QS/1® Offers Compliance Packaging Label Solution
Feb 15, 2019 QS/1 Partnership Offers Compliant Patient Communications
Feb 14, 2019 RXinsider is Proud to Welcome our Newest Partners!
Feb 12, 2019 Albertsons Companies Pharmacies Adopt TemperPack's ClimaCell™ Packaging
Feb 07, 2019 Fagron Launches New Brand Identity and Purpose
Feb 07, 2019 Medicine-On-Time has come together with Clinical Support Services, a leader in M...
Feb 04, 2019 Letco Med and Ananda Professional Partner to Bring CBD and Education to Compound...
Jan 30, 2019 Texas Children’s Hospital Expands Partnership with Omnicell
Jan 16, 2019 Helmer Scientific Launches the First Professional Medical-grade Refrigerators
Jan 15, 2019 The Compliance Team™ celebrates 25 years of accreditation transformation
Jan 11, 2019 CORE Higher Education Group partners with Pharmacists Mutual
Jan 10, 2019 SCA Pharma Awarded National Outsourced I.V. Admixture Services Agreement with Pr...
Jan 08, 2019 Tutela Welcomes the Center for Organ Recovery and Education
Dec 13, 2018 PharmaLink Launches Updated Website

RXinsider Product Overview Videos