Third Wave Recovery Systems completed the acquisition of SRX.

Third Wave Recovery Systems, a pharmaceutical rebate management company, completed the acquisition of SRX, a provider of pharmaceutical rebate management services for the skilled nursing and long-term care industry. Financial terms were not disclosed. "This partnership between SRX and TWRX is going to revolutionize the rebate and prescription drug cost management industry. As a leading innovator in the healthcare sector, WindRose's and TWRX's investment is a recognition of SRX's world-class technology, tools, and capabilities, but most importantly, our team of dedicated experts. Together, we will drive even more value, allowing us to serve new industry verticals and leverage our technology to truly impact drug costs across the healthcare industry," Scott Taylor, SRX former CEO and TWRX newly appointed COO.