PAR Excellence Systems Inc., a leading provider of supply chain integrity and cost management solutions to the healthcare industry, and TrackCore, Inc., a leader in automated biological tissue and implantable device tracking and compliance software-based solutions, announced that they have completed a strategic combination. Following PAR’s recent acquisition of NotiSphere in January 2025, this transaction accelerates PAR’s strategy of enhancing patient safety, regulatory compliance, and operational efficiency for healthcare organizations through an integrated, end-to-end inventory management platform.
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TrackCore is a trusted partner to over 1,300 healthcare facilities nationwide, including major commercial, non-profit, and government organizations, like the Department of Veterans Affairs and the Defense Health Agency. TrackCore’s solutions automate the tracking and traceability of high-value, highly regulated surgical implants and biological tissues, helping hospitals comply with evolving U.S. Food & Drug Administration and Joint Commission regulations while controlling costs, reducing waste, minimizing financial risk, and improving clinical workflows. With TrackCore, health systems can eliminate the need for arduous manual processes and administrative tasks, allowing clinicians to focus on care delivery and patient safety.
By integrating TrackCore’s industry-leading cloud-based software platform and RFID capabilities with PAR’s best-in-class inventory management technology, the combined company will provide a seamless, end-to-end platform covering high-throughput consumables to high-value and highly regulated surgical implants. This holistic approach will enable hospitals to gain control of their supply chains by eliminating “1-off” inventory solutions, reducing waste, ensuring regulatory compliance, and achieving cost savings.
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“The expanding complexity of the hospital supply chain demands advanced technology solutions that enhance visibility, efficiency, and compliance while enabling application rationalization,” said Thad MacKrell, CEO of PAR Excellence. “TrackCore has built a powerful platform that solves a critical challenge for hospitals—ensuring the safe and compliant management of surgical implants and tissues while reducing operational costs. Together, we can deliver a comprehensive, technology-driven solution that drives measurable financial and clinical value for healthcare organizations.”
Scott MacGregor, CEO of TrackCore, added: “Healthcare providers are under immense pressure to meet stringent regulatory requirements while improving efficiency and controlling costs. By seamlessly integrating into existing hospital enterprise systems, TrackCore helps hospitals navigate these compliance challenges by tracking all tissue and implantable devices, satisfying bi-directional traceability standards, and providing real-time inventory visibility. By joining forces with PAR, we can expand our impact and provide an unmatched end-to-end solution that enhances clinical and operational outcomes.”
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Source – businesswire
