PAR Excellence Systems Inc. (“PAR”), a leader in supply chain integrity and cost management solutions for the healthcare market, today announced its acquisition of Terso Solutions Inc. (“Terso”), a subsidiary of Promega Corporation and a leader in ultra-high frequency radio-frequency identification (“RFID”) inventory tracking technology for the healthcare industry. The transaction brings together two complementary technology platforms, enabling a unified view of inventory and supplies, tighter cost management, and enhanced operational controls for public, private, and government healthcare customers.
Headquartered in Madison, Wisconsin, Terso has spent nearly two decades designing RFID solutions purpose-built for healthcare. Its RFID-enabled enclosures and open-air readers, backed by an integrated, cloud-based software platform, allow hospitals to track and manage high-value inventory in real time. Terso has thousands of enclosures installed worldwide, serving hundreds of hospitals, health systems, and integrated delivery networks, including the U.S. Department of Veterans Affairs. Providers and manufacturers rely on Terso to reduce waste, improve operational visibility, save on labor costs, and stay compliant with complex regulations.
“The financial and operational pressures on hospitals are increasing, and they need to develop effective strategies to reduce expenses and enhance compliance without adding operational complexity,” said Thad MacKrell, CEO of PAR Excellence. “In addition to inventory automation, high-cost product security is increasingly being flagged by our clients as an unmet need. Terso offers clients real-time visibility into their high-value inventories, and it fits perfectly with PAR’s existing capabilities. Together, we give health systems a consolidated view of their inventory and supplies, which translates to less waste, lower costs, and better care for patients, serving approximately 1,700 hospitals, representing nearly 30% of the 6,000 across the United States.”
PAR and Terso have worked side by side for years. Today, hundreds of PAR clients have their Terso RFID enclosures connected to PAR’s TrackCore tissue and implant tracking software product. This acquisition builds on that collaboration, enabling these systems to become fully integrated and for PAR to bring new RFID-enabled functionality to customers for existing and new use cases. The result is a single vendor that covers more ground, replaces fragmented point solutions, and gives healthcare organizations a single platform for managing their supply chains, with solutions spanning weight-based technology, RFID-enabled enclosures, software solutions, and a soon to be launched AI-enabled camera vision product.
“Joining PAR is the right next step for Terso,” said Joe Pleshek, CEO of Terso Solutions. “By combining Terso’s RFID capabilities with PAR’s broader platform, we expand the reach of our solutions and can deliver greater value to complex healthcare organizations. We look forward to working together to help providers and manufacturers improve inventory visibility, reduce costs, streamline operations, and drive better outcomes across the healthcare supply chain.”
About PAR Excellence
PAR Excellence is a leading, end-to-end provider of automated inventory and workforce management systems (“IMS”) for the healthcare industry. Its cloud software, proprietary hardware, and hands-on services help healthcare systems reduce costs, avoid medical errors, capture labor savings, and improve team efficiency and culture. PAR Excellence serves many of the country’s largest government, non-profit, and private healthcare systems and integrated delivery networks (“IDNs”). Founded in 1992, PAR Excellence is based in Cincinnati, Ohio.
About Terso Solutions
Terso Solutions is a leading provider of RAIN UHF RFID inventory management systems for healthcare and life sciences industries. With more than 20 years of experience in RFID and IoT product development, Terso has deployed over 3,800 RAIN RFID-enabled devices worldwide, supporting inventory automation at more than 1,000 U.S. healthcare facilities. The company’s product portfolio includes RFID-enabled cabinets, refrigerators, freezers, and cloud-based software that provide real-time inventory visibility helping healthcare organizations meet regulatory requirements, reduce waste, and improve clinical workflows. Terso Solutions is headquartered in Madison, Wisconsin. For more information, visit www.tersosolutions.com.
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Thomas Zadvydas
Stanton
646-502-3538
tzadvydas@stantonprm.com
