MPS accelerating
December 4, 2013
MEDICATION Packing Systems
Australia (MPS) md George
Castrisos has confirmed that the
company is looking at “a number
of options to help us accelerate
our growth plans, including the
possibility of a strategic partner”.
MPS automated medication
management and dose
administration aid solutions are
already in use by almost 400
residential aged care facilities
across Australia.
Castrisos said that with several
trends “uniquely intersecting”
in Australia, the company is
very excited about the future of
medication management.
“We all know that Australia is
ageing and people are taking more
and more medications.
“Rapidly increasing costs are also
forcing government to change the
way healthcare is both funded and
regulated,” he said, with these
changes having a substantial impact
on both the pharmacy and aged
care industries.
“We believe that the MPS
Medication Management System
is well placed to meet the current
and future requirements of both its
Aged Care and pharmacy customers.
“We are planning to further
increase our investment in people,
infrastructure and technology
to make sure that we can satisfy
increased demand for our products
while also delivering more value to
customers,” Castrisos said.
He said that while a strategic
partner is a possibility, the
directors are committed to active
involvement and also continuing as
major shareholders in the business.
The above article was sent to subscribers in Pharmacy Daily's issue from 04 Dec 13To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 04 Dec 13
