TABULA RASA HEALTHCARE,INC (NASDAQ:TRHC) Files An 8-K Other Events

ME Staff 8-k
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TABULA RASA HEALTHCARE,INC (NASDAQ:TRHC) Files An 8-K Other Events
Item 8.01. Other Events.

On February20, 2018, Tabula Rasa HealthCare,Inc. (the “Company”) was informed that Emerald Stage2 Ventures L.P. (“Emerald”) sold 80,836 shares of the Company’s common stock to Emerald’s pre-arranged stock trading plan (the “Plan”) which was designed to comply with Rule10b5-1 of the Securities Exchange Act of 1934, as amended, and the Company’s insider trading policy regarding stock transactions. The Plan was previously adopted on January26, 2018, which was during the Company’s most recent open trading window period under the Company’s insider trading policy. Under the Plan, Emerald is permitted to sell up to an aggregate of 300,000 shares of the Company’s common stock on the open market at prevailing market prices to a pre-established formula and at the times specified in the Plan. Subsequent to February 20, 2018, Emerald informed the Company that it sold an additional 171,406 shares of the Company’s common stock to the Plan and that 47,758 shares of the Company’s common stock remain available for sole to the terms of the Plan. If all the shares subject to the Plan were sold, Emerald would retain approximately 38% of Emerald’s current holdings. Bruce Luehrs, a member of the Company’s board of directors, is an affiliate of Emerald.

The Plan was initiated in connection with Emerald’s long-term strategy for asset diversification and providing liquidity to its limited partners. Transactions under the Plan will be disclosed publicly through Form4s filed with the Securities and Exchange Commission. The Company does not undertake any obligation to report any 10b5-1 plans that may be adopted by any of the Company’s board members or executive officers in the future, or to report any modifications or terminations of any publicly announced plan, except to the extent required by law.


About TABULA RASA HEALTHCARE,INC (NASDAQ:TRHC)

Tabula Rasa HealthCare, Inc. (Tabula Rasa), formerly CareKinesis, Inc., is a provider of patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations and manage risk. The Company delivers its solutions through a suite of technology-enabled products and services for medication risk management, which includes bundled prescription fulfillment and adherence packaging services for client populations with complex prescription needs. It also provides risk adjustment services, which help its clients to properly characterize a patient’s acuity, or severity of health condition, and optimize the associated payments for care. The Company serves approximately 100 healthcare organizations that focus on populations with complex healthcare needs and extensive medication requirements. Its products and services are built around the Medication Risk Mitigation Matrix, or MRM Matrix.