OCI Ventures

OPUS-ISM

Business Description

OPUS-ISM, LLC was a leading provider of retail pharmacy management systems and pharmacy workflow technology.  It was formed from the merger of the OPUS-Core Corporation and Interactive Systems & Management Corp. (ISM).  At the time of the merger, the companies were the two leading providers of retail pharmacy management systems in the NY Tri-State area, serving over 1,000 locations combined.

Background

The OPUS-ISM merger had been conceived from the start to create a platform that would be valuable to a strategic buyer or financial investor desiring to consolidate a leading position serving independent pharmacies in the NY Tri-State area.  There was no other provider of retail pharmacy systems serving this market of a comparable size.

Solution

As result of a long-time advisory relationship with the ownership group of Opus-ISM including the consummation of two successful transactions (the merger of Opus-Core and the sale of Opus-Health), Carter Morse & Mathias was engaged to market the pharmacy management systems business to potential strategic and financial buyers.  The assets of Opus-IMS were acquired by the Robertson Piper Software Group, a California-based private equity group funded by CapitalSource.  Carter Morse & Mathias was Opus-ISM's exclusive financial advisor in arranging, structuring and negotiating the transaction.