The University of Arizona Facilitates Spin-Out of UA College of Pharmacy
Developed Medication Management Program to Tucson Based Sinfonia HealthCare
TUCSON, Ariz., Nov. 21, 2013 (GLOBE NEWSWIRE) -- The University of Arizona's
Tech Launch Arizona today announced that the medication management software
and business model developed by UA faculty and researchers has been acquired
by SinfoniaRx, a new division of the healthcare company Sinfonia HealthCare
Corp., launched in February by pioneering healthcare executives Fletcher
McCusker and Michael Deitch, the founders of Providence Service Corporation
The award-winning medication management program was developed by employees of
the UA College of Pharmacy. Known as the Medication Management Center, the
program delivers services to patients nationwide and includes direct
pharmacist interactions with patients, their health care providers and
community pharmacists to ensure optimal treatment. The program's
state-of-the-art software system proactively evaluates millions of
prescriptions and medical claims annually to identify opportunities to reduce
the risk of adverse events and drug interactions, improve medication
adherence, and look for opportunities to reduce the cost of medication
Under the licensing agreement, which will close in December 2013, SinfoniaRx,
a subsidiary of Tucson home health care startup Sinfonia HealthCare Corp.,
will assume the program's current contracts, employees and software system.
Through an ongoing partnership, the College of Pharmacy will continue to
provide clinical pharmacist support for Sinfonia's medication management
service.All of the 15 original employees of SinfoniaRx will be housed
"Medication management is a growing need in health care. With the wealth of
resources Sinfonia HealthCare brings, we will be able to further develop our
program and software to reach more patients in critical need of this service,"
said Kevin Boesen, program founder and SinfoniaRx CEO.
"We are delighted that Sinfonia will now be at the helm, taking the medication
management software and service into a new trajectory of growth and impact,"
said Dave Allen, vice president of Tech Launch Arizona.
Sinfonia HealthCare CEO Fletcher McCusker said the software fits well with the
company's focus on preventing expensive, out-of-home health care.
"By combining the prevention of medication errors – a $200 billion dollar
problem in the U.S. – with our home health business model, we believe Sinfonia
HealthCare Corp. and SinfoniaRx will emerge as major forces transforming
health care systems," McCusker said.
The UA's Medication Management Center is a "real-world demonstration of how
using the right drug in the right dose at the right times can both improve the
quality of care and lower costs," said J. Lyle Bootman, dean of the UA College
of Pharmacy. "The technology developed in the center has allowed it to serve
more than 2.5 million individuals with significant medical conditions.By the
end of this year, it will be the nation's largest provider of medication
therapy management services."
The licensing agreement with Sinfonia is an example of the role being played
by TLA, which was established a little more than a year ago by UA President
Ann Weaver Hart to transform UA research discoveries into intellectual
property, leading to patents, licenses and commercial products.
Among TLA's aims is to build partnerships that connect UA researchers with the
business community to move knowledge and inventions developed by students and
faculty into the market while significantly enhancing the impact of university
research and innovation.
Signal Hill Capital Group LLC is serving as SinfoniaHealthCare's exclusive
financial advisor with respect to mergers, acquisitions and financing
CONTACT: Media Contact:
Sandy Mellor, Director of Community Relations
Sinfonia HealthCare Corp
Sinfonia HealthCare Corp. logo
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