Cardinal Health said Thursday that it will purchase OutcomesMTM, a privately owned company that contracts with more than 40 health plans to provide medication therapy management (MTM) services to millions of patients through a network of more than 50,000 pharmacies around the country. According to Cardinal Health Pharmaceutical segment CEO Jon Giacomin, MTM services are increasingly being used to boost medication adherence and patient outcomes while also reducing adverse events and unnecessary health care costs. MTM services can also help payers boost quality improvement measures. Cardinal Health introduced last year an MTM service for community pharmacies and an MTM solution for payers. Giacomin added, "This acquisition aligns with Cardinal Health's strategy of getting closer to the patient, by significantly strengthening our ability to help payers, retail pharmacies, hospitals, and Integrated Delivery Networks connect their patients, employees, and members to pharmacists who can deliver personalized MTM services that can improve care quality and reduce costs." Following the acquisition, OutcomesMTM will become part of Cardinal Health's Pharmaceutical segment.