PDX provides pharmacy and clinical technology solutions that enable pharmacies to better handle prescriptions, execute reconciliation and adjudication, and manage and provide authorized caregivers and patients with access to healthcare information. Its products and services include computer-based medication management systems, electronic health records, and other healthcare IT tools. PDX was founded in 1984 as a joint venture by seven major drug companies: Abbott Laboratories, AmerisourceBergen Corporation, CVS Caremark, Eli Lilly & Co., Exela Pharmaceuticals, Inc., Pfizer, and Watson Pharmaceuticals, Inc. The goal was to create a national network of pharmacy-based medical clinics that would help reduce the cost of treating chronic disease and assist physicians in providing more effective care. Since its inception, PDX has expanded its product portfolio to include mobile health technologies, clinical research software, and healthcare information technology services. In April 2014, PDX entered into a definitive agreement to be acquired by private equity firm Advent International for $1.8 billion. The acquisition was completed on February 28, 2015. Advent is a global provider of healthcare services and products that improve people's lives by enabling health care providers to deliver higher quality care at lower costs when they are not able to do so themselves. The company operates in three segments: Clinical Services, Technology Solutions, and Medical Products.