Piramal Enterprises' arm Decision Resources buys US-based Adaptive Software

 
Adaptive sells a suite of software products to US-based pharmacy benefit managers (PBMs) and health insurers - both of which must maintain complex pharmacy benefit design data accurately and in real-time (for example, drug lists, formularies, restriction, and pricing). These products streamline prescription formulary management, pharmacy networking, pricing, and pharmacy benefit design.
 
In fiscal years 2013, 2014 and 2015, Adaptive’s revenues, on a cash-basis, were $ 0.6 million, $ 2 million and $3.2 million, respectively.
 
The Adaptive acquisition offers Decision Resources a direct entry into the healthcare payer ecosystem, which expands DRG’s addressable market. Additionally, although payer represents a new customer segment for DRG, payer entry through Adaptive is a relatively low risk proposition, given DRG’s existing and extensive drug and formulary expertise.

 
Decision Resources Group offers high-value data, analytics and insights products and services to the healthcare industry, delivered by more than 900 employees across 15 offices in North America, Europe and Asia. DRG provides the life sciences, provider, payer and financial services industries the data, tools, insights and advice they need to compete and thrive in an increasingly complex and value-based marketplace.