TA Associates Exits SoftWriters
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TA Associates Exits SoftWriters

softwriters nf1TA Associates has sold its portfolio company SoftWriters, a pharmacy software company, to Roper Industries.

SoftWriters is a provider of pharmacy management software that is used by long-term care pharmacies, specifically closed door and specialty pharmacies. Closed-door pharmacies are niche operations that are not open to the public. Most provide services to customers with special needs or in group homes or long-term care facilities.  SoftWriters was founded in 1990 and is headquartered north of Pittsburgh in Allison Park, PA (www.softwriters.com).

TA Associates makes buyouts and minority recapitalizations of profitable growth companies in the technology, financial services, business services, healthcare and consumer industries. Since founding in 1968, TA has invested in over 450 companies globally and has raised more than $18 billion in capital. The firm has offices in Boston, Menlo Park, London, Mumbai and Hong Kong (www.ta.com).

Roper Industries (NYSE:ROP), the buyer of SoftWriters, is a diversified technology company serving a range of niche markets including software information networks, medical, water, energy and transportation. Roper is headquartered in Sarasota (www.roperind.com).

Harris Williams & Co. (www.harriswilliams.com) served as the exclusive financial advisor to SoftWriters and TA Associates. The transaction was led by Turner Bredrup, Geoff Smith, Bill Kayser and Tyler Bradshaw of Harris Williams & Co.’s Healthcare & Life Sciences Group and Sam Hendler of the firm’s Technology, Media & Telecom Group.

“Long-term care pharmacies require a best-in-class software solution to improve operational efficiency and address increased levels of regulation,” said Sam Hendler, a managing director at Harris Williams & Co. “SoftWriters’ solution suite provides real time insight into market activity and compliance and complements Roper’s Managed Healthcare Associates business.”

© 2015 PEPD • Private Equity’s Leading News Magazine • 2-12-15

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