Caremark Rx Inc.
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Caremark Rx Inc. - overview
Established
1993
Location
Nashville, TN, US
Primary Industry
Pharmaceuticals
About
Caremark Rx Inc. is a healthcare company specializing in pharmacy benefit management services that facilitate access to affordable medications for a diverse range of clients. Founded in 1993, Caremark Rx Inc. operates as a pharmacy benefit management company, helping individuals and employers manage prescription medications.
The company is headquartered in Nashville, US. Caremark Rx Inc. primarily offers comprehensive prescription management services that ensure affordable access to medications. Core services include personalized medication management, prescription refills, and digital tools designed for users to check drug costs, coverage, and pharmacy options.
By integrating services with the CVS Health ecosystem, including CVS Pharmacy and MinuteClinic, Caremark Rx Inc. serves individuals, families, and employers nationally, providing options for mail delivery and local pharmacy pick-up. In 2006, Caremark Rx Inc. reported a revenue of USD 36,750.
20 mn and an EBITDA of USD 1,953. 50 mn, generated through its prescription management services and partnerships with health plans, employers, and consumers. Future growth plans for Caremark Rx Inc. include the development of new digital tools aimed at enhancing user experience in medication management, with anticipated launches in the next fiscal year.
The company is focusing on expanding its services into international markets, specifically targeting regions in Europe and Asia by 2025. Funding from recent capital rounds will be allocated to these product development initiatives and market expansion efforts.
Primary Industry
Pharmaceuticals
Sub Industries
Pharmaceuticals
Website
www.caremark.com
Total Amount Raised
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Caremark Rx Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | AdvancePCS | - |
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