Francisco Partners, a leading technology-focused growth equity firm, has announced that it has signed a definitive agreement to acquire Smith Technologies, a wholly-owned subsidiary of J M Smith Corporation, one of the country’s oldest enterprises rooted in the community pharmacy industry. The terms of the transaction were not disclosed. Smith Technologies, a leader in community pharmacy technology, long-term care technology, and public sector software, will remain headquartered in Spartanburg, South Carolina. J M Smith Corporation will remain one of the South Carolina upstate’s largest corporations and will continue to operate as the parent company for Smith Drug Company, RX Medic and SMS.
Read the full article: Francisco Partners to Acquire Pharmacy and Public Sector Software Firm Smith Technologies //