Healthcare & Life Sciences Private Equity Deal Tracker: BlackRock LTPC Acquires Transaction Data Systems

McGuireWoods LLP

BlackRock Long Term Private Capital (LTPC) has acquired a majority interest in Transaction Data Systems from GTCR, according to a news release.

Transaction Data Systems, based in Earth City, Mo., is a provider of pharmacy software solutions and services. These include Rx30, Computer-Rx, Enhanced Medication Services and Pharm Assess.

BlackRock LTPC, which has its U.S. operations based out of New York, is backed by global asset manager BlackRock.

GTCR will retain a minority interest in Transaction Data Systems. GTCR, based in Chicago, pursues a wide range of investments in several industries, including healthcare. Founded in 1980, the firm prefers to make more substantial investments from a dollars perspective.

Terms of the acquisition were not disclosed.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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