Omnicell (NASDAQ: OMCL) has completed its acquisition of Avantec Healthcare Limited based in Lancing, West Sussex, United Kingdom.

Avantec develops medication and supply automation products that complement Omnicell solutions for configurations uniquely suited to the U.K. marketplace, and has been the exclusive U.K. distributor of Omnicell solutions since 2005. Avantec has installed over 900 systems in 80 National Health Service (NHS) and private hospitals.

This acquisition further demonstrates Omnicell's commitment to supporting the U.K. marketplace. The company purchased U.K. medication adherence packaging provider Surgichem Limited in 2014, and recently completed its acquisition of a leading manufacturer of robotic medication dispensing systems, MACH4 Pharma Systems. Omnicell is establishing a direct selling presence throughout the U.K., providing a consistent customer experience across the health care continuum.

In its eProcurement Strategy findings*, published in April 2014, the NHS has targeted significant savings to be made from £10 billion spent annually on medications and supplies. "To date, Omnicell has helped over 80 NHS Trusts save millions of pounds by cutting stock levels and reducing waste while releasing nurses to spend more time on patient care and improving patient safety," said Arthur van Dongen, Omnicell general manager of Europe, Middle East and Africa. "NHS Trusts will be required to meet minimum standards on inventory management and we believe that Omnicell automation will be a critical component in helping Trusts achieve these standards and drive savings," he said.

The growing complexity of health care customer needs are answered by the broad Omnicell solutions portfolio. Omnicell medication and supply automation systems help improve patient care by supporting nurses in the hospital wards, pharmacists in central pharmacy, and help to prevent medication errors in the operating room. The company's medication adherence solutions bring this same level of quality and safety to patients in the community, including care homes where Omnicell delivers both medication security and dosing accuracy. Once patients return home, they can be assured that all medications have been designed to be properly dosed and sorted through the company's adherence packaging solutions.

"When Omnicell first entered into the marketplace with Avantec in 2005, we were confident that our innovations and commitment to customer support would provide a great asset to hospitals dedicated to providing exceptional patient care," said Mr. van Dongen. "Today, along with Omnicell medication adherence solutions and the recent acquisition of MACH4 Pharma Systems robotic dispensing systems, we offer a broad spectrum of innovative solutions that can help our U.K. customers advance their care across the continuum of health care."

Omnicell financial guidance for 2015 is adjusted to include the expected results of Avantec Healthcare Limited following the acquisition. Revenue for 2015 was previously expected to be between $492 and $505 million including the expected results from the previously announced MACH4 Pharma Systems acquisition, and is now expected to be between $495 and $510 million. Non-GAAP earnings per share were previously expected to be between $1.31 and $1.36 per share including the previously announced MACH4 acquisition, and are expected to remain between $1.31 and $1.36 per share. Omnicell previously expected 2015 product bookings to be between $398 and $416 million including the expected results from the previously announced MACH4 acquisition, and now expects product bookings between $400 and $420 million with the inclusion of Avantec.