MedImpact Healthcare Systems, Inc.
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MedImpact Healthcare Systems, Inc. - overview
Established
1989
Location
San Diego, CA, US
Primary Industry
Healthcare IT
About
MedImpact Healthcare Systems, Inc. specializes in pharmacy benefit management, providing integrated healthcare solutions that enhance prescription benefit management and optimize overall health outcomes for its clients. Founded in 1989 in San Diego, US, MedImpact Healthcare Systems, Inc. operates as a pharmacy benefit manager (PBM), focusing on delivering comprehensive pharmacy solutions.
The company has maintained a consistent strategy in its operations, without notable pivots or changes. MedImpact is not known to be a subsidiary or parent company, nor is there information regarding any merger or carve out. It operates directly under its established brand and has expanded its reach across the healthcare sector. The current CEO details are not mentioned.
MedImpact primarily operates as a pharmacy benefit manager (PBM), offering integrated healthcare solutions designed to optimize prescription benefit management. The company's core services encompass claims processing, drug utilization management, and cost containment strategies. MedImpact's solutions also include home delivery services through MedImpact Direct, which allows members to save time and reduce costs associated with traditional pharmacy visits. Their mobile application enhances user experience by enabling members to manage their daily medications, set reminders, and track adherence, thus promoting better health outcomes.
MedImpact serves over 20 million members across the United States, with a focus on providing value-driven pharmacy benefits that empower individuals and health plans alike. MedImpact processes over USD 40 bn in pharmacy transactions annually, contributing to its revenue generation model. The company primarily engages in business-to-business (B2B) transactions, partnering with health plans to offer pharmacy benefit management services. Clients, including various health insurers, leverage MedImpact's services to manage prescription costs and improve patient care.
Transactions may involve annual contracts based on the volume of claims processed, and the firm earns revenue through service fees linked to their pharmacy benefits solutions. The value proposition includes enhanced service delivery that aligns with the financial interests of health plans and their members, thereby supporting the sustainable growth of MedImpact’s revenue streams.
Primary Industry
Healthcare IT
Sub Industries
Business Support Services, Drug Stores/Convenience Stores, Accounting Services, Healthcare IT, Accounting/Finance Software, Content Management Software, HR & Workforce Software
Website
www.medimpact.com
Total Amount Raised
Subscriber access only
MedImpact Healthcare Systems, 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 | MHW, Ltd. | - | ||||||||
| Trade Sale | Completed | MSL Captive Solutions, Inc. | - | ||||||||
| N/A | Completed | Ocotillo Business Center | - | ||||||||
| Trade Sale | Completed | ScriptSave | - |
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