Simpson Thacher is representing BlackRock Long Term Private Capital (“LTPC”) in its acquisition of a majority interest in Transaction Data Systems (“TDS”), a leader in pharmacy software solutions and services. TDS’ previous owner, GTCR, will retain a minority interest. LTPC will partner with the TDS management team, led by CEO Jude Dieterman, and GTCR to drive the company’s next phase of growth.
For over 40 years, TDS has been dedicated to the success of the pharmacy market and pharmacy supply chain. TDS, with its portfolio of products and services including Rx30, Computer-Rx, KloudScript, Pharm Assess and Enhanced Medication Services, provides innovative technology solutions and pharmacy management systems to the pharmacy industry.
The Simpson Thacher team includes Chris May, Michael Spirtos and Isaac Syed (Corporate); Andrew Blau and Laura Gallo (ECEB); Marcy Geller, Sophie Staples and Eli Shalam (Tax); Christopher Brown, Noah DeBlasi and Tina Zheng (Credit); Lori Lesser (Intellectual Property); and Vanessa Burrows (Healthcare).