Corporate Overview
Talyst enables positive change in the medication management process. We are dedicated to improving patient safety and operational efficiency in acute care hospitals and in long-term care, as well as in closed-door, correctional, and retail pharmacies.
Our company was founded in 2002 as Integrated Healthcare Systems, Inc., a pharmacy solutions provider focused on developing simple, affordable and reliable products to assist in the medication management process.
The following year, we acquired Creative Pharmacy Solutions, and launched AutoPharm®, the software platform that integrates pharmacy barcoding, storage, inventory, ordering and clinical systems.
The initial growth of the company was supported by two rounds of funding. In early 2005, a $9 million round of institutional financing directed by AIG Global Investment Group (a subsidiary of American International Group, Inc.) enabled Talyst to expand its installation/support team and invest in proprietary product development.
In late 2006, the company received $20 million in growth funding to aggressively pursue its commitment to innovation and expansion into new pharmacy markets. That funding was co-led by Ignition Partners and OVP Venture Partners.
By the end of 2007, more than 300 hospitals across the country had installed Talyst systems, and we expect continued growth in multiple pharmacy markets. The Puget Sound Business Journal has ranked Talyst as one of the fastest growing companies in Washington State for the past three years. And in 2007, Inc. magazine recognized the company as one of the country’s fastest-growing privately-held companies.
Talyst remains dedicated to ‘Engineering the Intelligent Pharmacy’, one customer at a time.