Back To All Stories

The Story

Share:
Watch:

Transaction Data Systems (RX30) was successfully acquired by GTCR

Grow A Business in The Healthcare Industry
RX30Acquired ByGTCR

Benchmark International facilitates the mergeR of computer rx and rx30

Benchmark International’s Major Transaction Team had the opportunity to represent Transaction Data Systems, Inc., doing business as Rx30 ("Rx30"), in a transaction with new investor GTCR. GTCR’s strategic equity investment in Rx30 will accelerate Rx30’s new product development and continued growth. Rx30's CEO, Steve Wubker, and the existing management team will continue to lead the company.

Rx30 is a leading national developer and supplier of vertical enterprise software that offers pharmacy management software solutions to the independent, hospital, long-term care and specialty pharmacy markets. Dedicated to the independent pharmacy market for the last 35 years, Rx30 offers a suite of market-leading software solutions to enable prescription filling, pharmacy management and other critical functions for its pharmacist customers.

Kendall Stafford, Managing Director of Benchmark International, stated, “It was a pleasure to advise Rx30 on this transaction. It was important for CEO Steve Wubker and the existing management team to partner with an equity investor that would add both healthcare and technology expertise to help accelerate the growth of the company. GTCR was the perfect fit. The transaction allowed the founding shareholders to exit happily at close, knowing their company is in good hands, with the existing management team continuing to grow the business and a new equity partnership in place to support their vision. It will be an exciting road forward for Rx30 and we were fortunate to be a part of the company’s growth and starting this next chapter. We wish each party the best of luck.”

We weren’t looking to sell our company or be acquired or partner with anybody. We had such a good business model and profit model that we felt like it was impossible for anybody to offer what would make sense for us… Benchmark International changed that equation. They knew the business and the process; things we would have never known. We probably would have left cards on the table if we didn’t have Benchmark in the process.

- Steve Wubker
Press Release: