TRHC Receives 2017 Enterprise Award from Philadelphia Alliance for Capital and Technologies (PACT)

Press Releases | May 24, 2017

Moorestown, NJ, May 24, 2017 –Tabula Rasa HealthCare Corporation (NASDAQ: TRHC), a healthcare technology company disrupting the field of medication safety, won its fourth award from the Philadelphia Alliance for Capital and Technologies (PACT) at the 2017 Enterprise Awards held at the Philadelphia Convention Center May 18.

TRHC was one of a record 400 companies competing this year for the Annual Enterprise Awards; each category included three finalists. Tabula Rasa won in the category of Investment Deal of the Year 2016.

“Although we were pleased to win this distinguished award, I think the excitement for TRHC and its team is the fact the Company and its people have been recognized in almost every relevant category of the PACT awards,” said TRHC Chairman & CEO Calvin H. Knowlton, PhD.  “First in 2011, when we won the “Life Sciences Start-Up Company” award, to the 2015 Health Care “Innovator of the Year” to “Technology CEO of the Year” 2016, and now the “Investment Deal of the Year” in 2017.  Our competitors were impressive, and we congratulate them, as well.”

In his acceptance remarks, Knowlton thanked his TRHC team as well as law firm Morgan Lewis & Bockius, accounting firm KPMG, and early investors Rittenhouse Ventures, Originate Ventures, and Radius Ventures. He also noted that entrepreneurs and investors want to succeed. “We want the three P’s: Power, Prestige and Pecuniary Attributes.” However, he went on to share his thoughts that seemed to capture the attention of the over 800-assembled crowd, referencing David Brooks’ bestseller, The Road to Character.

“Brooks implores the reader to reflect on the notion of balance,” summarized Knowlton. “He invokes balance due to the tension between cultivating our Resume Virtues and our Eulogy Virtues. The risk of “deal” success is that it puts a lot of weight into today’s Resume bucket and little in tomorrow’s Eulogy bucket. When we are eulogized, other than to evoke a chuckle, do we really want to be remembered as sharks? My hope for each of us is that when we are blessed with some degree of societal, resume success, we keep an eye open and focused on a devotion to altruism-a purposeful cultivation of our “eulogy virtues”, where success is measured by caring, giving, mentoring and philanthropy.

“It is easy for me, for some of us, to procrastinate developing our Eulogy Virtues. Eulogy inertia is real, and perhaps unintentionally suppressed.  So, Resume Virtues and Eulogy Virtues are in tension. Balance is the mitigator.”

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Tabula Rasa HealthCare (TRHC) (NASDAQ: TRHC) provides medication safety solutions that empower healthcare professionals and consumers to optimize medication regimens, combatting medication overload and reducing adverse drug events – the fourth leading cause of death in the US. TRHC's proprietary technology solutions, including MedWise® Science, improve patient outcomes, reduce hospitalizations, and lower healthcare costs. TRHC's extensive clinical tele-pharmacy network improves care for patients nationwide. Its solutions are trusted by health plans and pharmacies to help drive value-based care.

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