TECSYS Inc. (TSX:TCS), an industry-leading supply chain management software company announced earlier this year that it successfully completed the acquisition of all of the shares of Logi-D Holding Inc., a leading provider of point-of-use technology for supply chain automation servicing hospitals and healthcare organizations based in Laval, Quebec. Logi-D specializes in RFID-enabled two-bin replenishment, RFID-enabled item-level traceability and works with some of Canada’s largest Hospitals.
“I am truly delighted with this new venture as it ensures the continuation of what we have built over the last 15 years,” explains Richard Philippe, founder of Logi-D. “We have great respect for the TECSYS brand and what they have accomplished in the healthcare sector. We share a common goal of bringing proven industrial supply chain best practices to healthcare. We initially approached TECSYS to explore how we might work together to expand the value of each other’s offering, which eventually resulted in this transaction. We look forward to working together with TECSYS’ employees and customers as we collaborate in our ongoing growth efforts.”
Mr. Philippe has accepted the position of Vice President, Healthcare Solutions, assuming responsibility of TECSYS’ portfolio of solutions in the healthcare sector. This will include Logi-D’s iD-SUITE of solutions, now an integral component of the TECSYS offering.
“We were very fortunate to cross paths with Logi-D,” comments Peter Brereton, President and CEO of TECSYS. “We find in Logi-D the perfect strategic partner profile whose iD-SUITE complements our existing offering and deepens our healthcare solutions portfolio. Our joint product offering will create a unique and exciting product outlook, combining for the most innovative and unified end-to-end hospital supply chain platform,” adds Mr. Brereton.
The agreement will preserve Logi-D as a semi-autonomous operating division of TECSYS, with no disruption to existing or prospective client hospitals.