Columbia Pacific Advisors, a Seattle alternative investment firm, announced this month the sale of Talyst Systems, LLC, a market leader in pharmacy automation solutions based in Kirkland, to Swisslog Healthcare, a leading global supplier of medication management and supply chain solutions and services.
The sale is a successful exit for Columbia Pacific Advisors’ growth capital strategy, which acquired Talyst Systems, LLC in 2015 and used its deep expertise in domestic and international healthcare management to strategically position the pharmacy automation company. Talyst’s service area of hospitals and long-term care facilities dovetailed perfectly with Columbia Pacific Advisors’ experience.
“We are excited for Swisslog Healthcare and Talyst to come together and maximize each other’s strengths,” said Kevin Barber, Managing Director of the growth capital group at Columbia Pacific Advisors in a press release. “With the acquisition, Swisslog will offer an unmatched portfolio of inpatient and outpatient pharmacy solutions and Talyst will benefit from a company with global reach and resources.”
Denver-based Swisslog Healthcare, already a leader in the healthcare supply chain, will be an ideal owner for Talyst Systems, whose pharmacy automation services complement existing Swisslog lines of business. Swisslog also brings an international profile as a member of the KUKA group, a leading global supplier of intelligent automation solutions headquartered in Germany.
Columbia Pacific Advisors has a management team with more than 100 years of combined investment, development and operational experience who have executed on more than $13 billion in related transactions in the last 25 years. One of the firm’s founders, Dan Baty, is a pioneer in the senior living industry and is active in international healthcare.
“Our purchase and subsequent sale of Talyst Systems is another example of Columbia Pacific Advisors using its long record of healthcare innovation and management to find compelling investment opportunities and fully capitalize on their potential,” said Alex Washburn, Managing Partner and co-founder of Columbia Pacific Advisors in a press release. “By adding value to the investment and working directly with Talyst management, we created a positive outcome for Talyst shareholders, employees and customers.”