PioneerRx, LLC

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

PioneerRx, LLC - overview

Established

2007

Location

Irving, TX, US

Primary Industry

Healthcare IT

About

PioneerRx, LLC develops pharmacy software solutions that enhance operations for independent pharmacies. Their platform streamlines workflows and improves patient care through innovative technology. PioneerRx, LLC was founded in 2007 in Irving, US, as a provider of pharmacy management solutions. The company has remained focused on serving independent pharmacies with an integrated software platform.


In November 2020, RedSail Technologies acquired PioneerRx, marking a significant strategic pivot for the company. The founder's history is not publicly detailed, and there are no known subsidiaries or parent companies. The most recent funding round occurred on November 18, 2020, with financial terms undisclosed. PioneerRx offers a comprehensive pharmacy software platform designed to empower independent pharmacies by streamlining operations and enhancing patient care.


The core product is an integrated pharmacy management system that includes features such as eCare Plans, advanced reporting, and a customizable workflow. These capabilities enable pharmacists to document clinical services efficiently and provide valuable insights for data-driven decision-making. The software supports pharmacies across various geographical markets, including the United States and Canada, primarily serving independent pharmacies seeking to revitalize their practices. PioneerRx generates revenue primarily through subscription-based models for its pharmacy management software, which includes bundled features like Point-of-Sale and mobile applications.


Transactions typically occur as annual or monthly subscriptions, where pharmacies pay for access to the software alongside ongoing support services. The pricing structure accommodates the varying needs of different pharmacy sizes, and clients benefit from dedicated support teams, including certified pharmacy technicians. This support enhances customer satisfaction and retention, reinforcing PioneerRx's relationship with its clients. Following the acquisition by RedSail Technologies in December 2020, PioneerRx plans to leverage new resources for product development and market expansion.


The company is working on launching new features and enhancements to its software platform, although specific release dates have not been disclosed. PioneerRx aims to expand its reach further into the Canadian market and possibly explore additional opportunities in the healthcare technology sector as guided by the strategic directives from its parent company.


Current Investors

RedSail Technologies, LLC

Primary Industry

Healthcare IT

Sub Industries

Healthcare IT, Medical Software

Website

www.pioneerrx.com

Verticals

HealthTech

Company Stage

Add-on

Total Amount Raised

Subscriber access only

PioneerRx, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedPioneerRx, LLC-

Displaying 1 - 1 of 1

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.