Develops medication management systems for the long-term care industry
Turnkey pharmacy service solution for long term care facilities
Millennium Pharmacy Systems (MPS) is a leading pharmacy service provider that integrates an institutional pharmacy with a proprietary medication management system to offer a turnkey system (fully-integrated hardware, software, and management reporting) controlling distribution, administration, and documentation of prescriptions within a long term care facility (LTC). MPS is the first and only company to bring this end-to-end functionality to the LTC facility, allowing its customers to achieve better care, lower cost, and increased compliance. Headquartered in Cranberry Township, PA, Millennium has a strong presence on the east coast and is led by an experienced team of industry veterans.
Essex Woodlands acquired a minority stake in MPS in 2007 and continues to be a strong partner for the company as it actively leverages its technology to drive significant value for its customers—decreasing medication errors, reducing waste and returns, minimizing inventory, and improving cash flow.
“The breadth of business insights and healthcare intelligence that Essex Woodlands has shared with Millennium has demonstrated their commitment to the growth and evolution of our Company in a challenging marketplace. Their availability and collaborative support has positively impacted our approach to our business. ”
President and Chief Executive Officer
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