Tabula Rasa HealthCare stockholders approve acquisition by Nautic Partners

Tabula Rasa HealthCare announced that its stockholders approved the previously announced acquisition by Nautic Partners, following which TRHC is expected to combine with ExactCare Pharmacy, a portfolio company of Nautic. The proposal to adopt the merger agreement was approved at a virtual special meeting of the Company’s stockholders held today with approximately 99.6% of the votes cast in favor of the proposal, which represented approximately 70.9% of the outstanding shares of Company common stock. The Company expects to complete the transaction during the Q4, subject to customary closing conditions. Upon closing, Tabula Rasa will become a privately held company and shares of TRHC common stock will no longer be listed on the Nasdaq stock exchange.