secwatch / observer
8-K filed November 6, 2023, 6:59 PM ET CIK 0001651561
M&A confidence high sentiment neutral materiality 0.85

Tabula Rasa HealthCare, Inc.: M&A transaction — Tabula Rasa HealthCare closes $10.50/share merger with ExactCare, going private

Tabula Rasa HealthCare, Inc.

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Joseph Anderson

Director
Tabula Rasa HealthCare, Inc.
Effective
2023-11-03
Filed
November 6, 2023, 6:59 PM ET
elected John Figueroa, Christopher Corey and Joseph Anderson to serve as directors of the Company
Departed

Derek C. Schrier

Director
Tabula Rasa HealthCare, Inc.
Effective
2023-11-03
Filed
November 6, 2023, 6:59 PM ET
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
Appointed

John Figueroa

Director
Tabula Rasa HealthCare, Inc.
Effective
2023-11-03
Filed
November 6, 2023, 6:59 PM ET
elected John Figueroa, Christopher Corey and Joseph Anderson to serve as directors of the Company
Appointed

Christopher Corey

Director
Tabula Rasa HealthCare, Inc.
Effective
2023-11-03
Filed
November 6, 2023, 6:59 PM ET
elected John Figueroa, Christopher Corey and Joseph Anderson to serve as directors of the Company
Departed

Michael Purcell

Director
Tabula Rasa HealthCare, Inc.
Effective
2023-11-03
Filed
November 6, 2023, 6:59 PM ET
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
Departed

Dr. Samira Beckwith

Director
Tabula Rasa HealthCare, Inc.
Effective
2023-11-03
Filed
November 6, 2023, 6:59 PM ET
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
Departed

RADM Pamela Schweitzer

Director
Tabula Rasa HealthCare, Inc.
Effective
2023-11-03
Filed
November 6, 2023, 6:59 PM ET
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
Departed

Brian W. Adams

Director
Tabula Rasa HealthCare, Inc.
Effective
2023-11-03
Filed
November 6, 2023, 6:59 PM ET
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
Departed

Kathrine O’Brien

Director
Tabula Rasa HealthCare, Inc.
Effective
2023-11-03
Filed
November 6, 2023, 6:59 PM ET
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
Departed

Ronald Mitchell

Director
Tabula Rasa HealthCare, Inc.
Effective
2023-11-03
Filed
November 6, 2023, 6:59 PM ET
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
Departed

Jonathan D. Schwartz

Director
Tabula Rasa HealthCare, Inc.
Effective
2023-11-03
Filed
November 6, 2023, 6:59 PM ET
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
Departed

Dr. Dennis Helling

Director
Tabula Rasa HealthCare, Inc.
Effective
2023-11-03
Filed
November 6, 2023, 6:59 PM ET
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Tabula Rasa HealthCare, Inc. incurred term loan of $275 million with Midcap Financial Trust maturing sixth anniversary of the Closing Date.

Instrument
term loan
Principal
$275 million
Counterparty
Midcap Financial Trust
Maturity
sixth anniversary of the Closing Date
Event
incurrence
Exact text from the filing
a term loan facility in an aggregate principal amount of $275 million, maturing on the sixth anniversary of the Closing Date
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Tabula Rasa HealthCare, Inc. incurred revolving credit of $30 million with Midcap Financial Trust maturing sixth anniversary of the Closing Date.

Instrument
revolving credit
Principal
$30 million
Counterparty
Midcap Financial Trust
Maturity
sixth anniversary of the Closing Date
Event
incurrence
Exact text from the filing
a revolving credit facility in an aggregate committed principal amount of $30 million, including both a letter of credit sub facility and a swingline loan sub facility, maturing on the sixth anniversary of the Closing Date
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Joseph Anderson was elected as Director at Tabula Rasa HealthCare, Inc..

Action
elected
Role
Director
Exact text from the filing
elected John Figueroa, Christopher Corey and Joseph Anderson to serve as directors of the Company
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Derek C. Schrier resigned as Director at Tabula Rasa HealthCare, Inc..

Action
resigned
Role
Director
Exact text from the filing
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

John Figueroa was elected as Director at Tabula Rasa HealthCare, Inc..

Action
elected
Role
Director
Exact text from the filing
elected John Figueroa, Christopher Corey and Joseph Anderson to serve as directors of the Company
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Christopher Corey was elected as Director at Tabula Rasa HealthCare, Inc..

Action
elected
Role
Director
Exact text from the filing
elected John Figueroa, Christopher Corey and Joseph Anderson to serve as directors of the Company
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Michael Purcell resigned as Director at Tabula Rasa HealthCare, Inc..

Action
resigned
Role
Director
Exact text from the filing
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Dr. Samira Beckwith resigned as Director at Tabula Rasa HealthCare, Inc..

Action
resigned
Role
Director
Exact text from the filing
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

RADM Pamela Schweitzer resigned as Director at Tabula Rasa HealthCare, Inc..

Action
resigned
Role
Director
Exact text from the filing
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Brian W. Adams resigned as Director at Tabula Rasa HealthCare, Inc..

Action
resigned
Role
Director
Exact text from the filing
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Kathrine O’Brien resigned as Director at Tabula Rasa HealthCare, Inc..

Action
resigned
Role
Director
Exact text from the filing
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Ronald Mitchell resigned as Director at Tabula Rasa HealthCare, Inc..

Action
resigned
Role
Director
Exact text from the filing
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Jonathan D. Schwartz resigned as Director at Tabula Rasa HealthCare, Inc..

Action
resigned
Role
Director
Exact text from the filing
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Dr. Dennis Helling resigned as Director at Tabula Rasa HealthCare, Inc..

Action
resigned
Role
Director
Exact text from the filing
Effective upon the consummation of the Merger, each of Brian W. Adams, Dr. Samira Beckwith, Dr. Dennis Helling, Ronald Mitchell, Kathrine O’Brien, Michael Purcell, Derek C. Schrier, Jonathan D. Schwartz and RADM Pamela Schweitzer resigned from the Board of Directors of the Company
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Tabula Rasa HealthCare, Inc.: Bylaws amended and restated in connection with the Merger (effective 2023-11-03).

Change
bylaw amendment
Effective
2023-11-03
Exact text from the filing
bylaws of the Company were each amended and restated in their entirety
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Tabula Rasa HealthCare, Inc. underwent a change of control involving Locke Buyer, LLC for $10.50 per share (closed 2023-11-03).

Action
change of control
Counterparty
Locke Buyer, LLC
Consideration
$10.50 per share
Closing
2023-11-03
Exact text from the filing
reference in respect of a holder’s conversion rights to a share of Company Common Stock in the Indenture will be deemed a reference to a right to receive a cash amount equal to $10.50. Credit Agreement In addition, on the Closing Date, affiliates of Parent entered into the Credit Agreement (the “ Credit Agreement ”) by and among CPRx Intermediate Holdings,
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Tabula Rasa HealthCare, Inc. terminated 2026 Convertible Note Hedge Transactions and 2026 Warrant Transactions with Bank of America, N.A. and Citibank, N.A..

Action
termination
Counterparty
Bank of America, N.A. and Citibank, N.A.
Exact text from the filing
the Company and the 2026 Option Counterparties agreed to terminate all outstanding 2026 Convertible Note Hedge Transactions and 2026 Warrant Transactions effective as of the Closing Date, resulting in a de minimis payment to the Company.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Tabula Rasa HealthCare, Inc. entered into Supplemental Indenture with U.S. Bank Trust Company, National Association.

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association
Exact text from the filing
on the Closing Date, the Company and U.S. Bank Trust Company, National Association (as successor-in-interest to U.S. Bank National Association), as trustee (the “ Trustee ”), entered into the supplemental indenture (the “ Supplemental Indenture ”) to the indenture, dated as of February 12, 2019, between the Company and the Trustee (the “ Indenture ”) governing the Company’s 1.75% Convertible Senior Subordinated Notes due 2026 (the “ 2026 Convertible Notes ”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Tabula Rasa HealthCare, Inc. entered into Credit Agreement with Midcap Financial Trust, as administrative agent, and the lenders party thereto valued at $275 million term loan facility and $30 million revolving credit facility.

Action
entry
Agreement
credit facility
Counterparty
Midcap Financial Trust, as administrative agent, and the lenders party thereto
Value
$275 million term loan facility and $30 million revolving credit facility
Exact text from the filing
on the Closing Date, affiliates of Parent entered into the Credit Agreement (the “ Credit Agreement ”) by and among CPRx Intermediate Holdings, LLC, as a guarantor, CPRx Parent Holdings, LLC, as a guarantor, ExactCare Parent, Inc., as administrative borrower, CPRX Midco, Inc., as a borrower, the subsidiary guarantors party thereto from time to time, the lenders party thereto from time to time, the L/C issuers party thereto from time to time, Midcap Financial Trust, as administrative agent, L/C issuer and swing line lender, governing the senior secured credit facilities, which include (i) a term loan facility in an aggregate principal amount of $275 million, maturing on the sixth anniversary of the Closing Date and (ii) a revolving credit facility in an aggregate committed principal amount of $30 million, including both a letter of credit sub facility and a swingline loan sub facility, maturing on the sixth anniversary of the Closing Date.
View on SEC.gov

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Source: SEC EDGAR
accession 0001140361-23-051496
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