Columbia Pacific Advisors has sold Talyst Systems, a provider of pharmacy automation systems, to Swisslog Healthcare.
Columbia Pacific Advisors formed Talyst Systems in October 2015 to acquire the hardware division of Talyst, a provider of software and hardware used to automate medicine management (storage, inventory, ordering, and barcoding) for hospitals and pharmacies. Talyst Systems is based in Kirkland, WA (www.talyst.com).
Swisslog Healthcare, based in Denver, is a provider of systems and services used in medication transport, handling and management by healthcare facilities. The company has installed facility-wide and pharmacy automation systems in more than 3,000 hospitals worldwide (www.swisslog.com). Swisslog is a subsidiary of the KUKA Group, a maker of industrial robots and systems based in Augsburg, Germany (www.kuka.com).
“Our purchase and subsequent sale of Talyst Systems is another example of Columbia Pacific Advisors using its long record of healthcare innovation and management to find compelling investment opportunities and fully capitalize on their potential,” said Alex Washburn, Managing Partner and co-founder of Columbia Pacific Advisors. “By adding value to the investment and working directly with Talyst management, we created a positive outcome for Talyst shareholders, employees and customers.”
“We are excited for Swisslog Healthcare and Talyst to come together and maximize each other’s strengths,” said Kevin Barber, Managing Director of the growth capital group at Columbia Pacific Advisors. “With the acquisition, Swisslog will offer an unmatched portfolio of inpatient and outpatient pharmacy solutions and Talyst will benefit from a company with global reach and resources.”
Columbia Pacific Advisors has $1.4 billion of assets under management and is an investor in a range of financial strategies including real estate investing, real estate lending and opportunistic investments. The firm was founded in 2006 by Alex Washburn, Stan Baty and Dan Baty and is based in Seattle (www.columbiapacific.com).
© 2017 Private Equity Professional | August 9, 2017
