How CPS became the nation's leading independent pharmacy services provider
To become the nation's leader in any industry takes strong leadership and vision, significant commitment and good choices along the way. CPS has benefitted from them all.
Founded by Ed Hirschman Pharm. D., MBA.
Primarily a Southern California Acute Care Hospital Pharmacy Management company until 1995, CPS expanded into Tennessee, Kansas and Texas in its infancy.
In 1996, CPS was acquired by The ServiceMaster Company, a highly diversified corporation providing management services to 2,000 hospital clients.
Later in 1996, ServiceMaster acquired another national pharmacy company based in Memphis, TN. The two companies were consolidated and retained the CPS name.
In 1999, ServiceMaster made a decision to return its focus on the company's original core services and initiated a program to sell off non-core business units, including the pharmacy group.
On April 1, 2000, a group of individual investors, including CPS senior management, raised funds to acquire CPS from ServiceMaster. CPS once again returned to its original focus of employing outstanding professionals to provide customer service excellence and enhance the quality of care at client facilities.
CPS acquired McKesson Medication Management pharmacy services division from McKesson Corporation in April 2008. The acquisition brought in excess of 600 pharmacy services professionals and 47 client facilities to the CPS family.
In August 2009 CPS purchased a regional, call-center based Remote Order Entry company located outside of Chicago, Il., and rebranded the new division into Rx RemoteSolutions.
The December 2010 acquisition of Birmingham, Alabama-based Principle Pharmacy Group serves as the most recent chapter of CPS' experienced history and growth within the industry.
CPS is the nation's leading pharmacy services provider to hospitals and health systems. We offer flexible programs and services to enhance pharmacy operational and financial performance through individual implementation projects and unique-to-market pharmacy management alternatives.