William Blair acted as the exclusive financial advisor to PrimeRx, a portfolio company of TA Associates (TA), in connection with its sale to RedSail Technologies (RedSail), a portfolio company of Francisco Partners and Leonard Green & Partners (LGP). The transaction closed on February 5, 2026. This transaction marked William Blair’s 2nd signed or closed advisory deal in Healthcare Technology in 2026.
About the Companies
PrimeRx is a leading provider of pharmacy management software. For over 30 years, PrimeRx has provided a suite of technology solutions to service the needs of pharmacies. The company’s software and services enable pharmacists to manage all clinical and operational aspects of their business including prescription management, point-of-sale, signature capture, and document and inventory management.
TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, the firm has invested in more than 560 companies across its five target industries - technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has more than 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai, and Hong Kong.
RedSail is a leader in pharmacy software and data solutions and services with 16,000 pharmacies and approaching 50 million active patients. Pharmacies in the RedSail Advantage Network are provided integrated tools and connectivity streamlining workflows enabling more patient care. The company’s customers include community, long-term care, outpatient, HME/DME, and specialty pharmacies alongside pharma, payer, and strategic industry partners. RedSail provides solutions for pharmacy operations, transactional and medical billing services, and patient engagement and education through brands PioneerRx, Axys, BestRx, PowerLine, TransactRx, RxMile, and OS/1.
Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 25 years ago, Francisco Partners has invested in more than 450 technology companies, making it one of the most active and longstanding investors in the technology industry. With more than $50 billion in capital raised, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential.
LGP is a leading private equity investment firm founded in 1989 and based in Los Angeles, California with roughly $75 billion of assets under management. The firm partners with experienced management teams and often with founders to invest in market-leading companies. Since its inception, LGP has completed over 150 investments in the form of traditional buyouts, going-private transactions, recapitalizations, growth equity, and selective public equity and debt positions. The firm primarily focuses on companies providing services, including consumer, healthcare and business services, as well as distribution and industrials.
Learn more about our healthcare IT investment banking expertise.